Investigations / Compliance Consulting

Financial Statement Misstatements / Auditor Conduct Investigations

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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Our team is retained to evaluate matters involving potential financial statement misstatements and/or auditor misconduct, and the resulting potential economic damages.

Our team of CPAs, CFEs, CFFs, and data analysts deliver expert opinions regarding the interpretation, application, and conformity with Generally Accepted Accounting Principles (GAAP) and provide comprehensive, unbiased study and evaluation of auditor compliance with Generally Accepted Auditing Standards (GAAS).

We assist clients in highly publicized accounting and financial reporting controversies, including allegations of fraudulent financial reporting, auditor malpractice, and evaluations of internal controls. Our work also includes analysis of the presentation of financial statements and financial statement disclosures.

Our Services
  • Accounting Standards Interpretation, Application & Conformity
  • Auditing Standards Interpretation, Application & Conformity
  • Auditor Conduct Analysis
  • Economic Damages Calculations
  • Financial Statement Misstatements Analysis
  • Internal Control Analysis
Our Clients
  • Bankruptcy Trustees
  • Boards of Directors
  • Corporate Officers & Directors
  • Federal & State Regulators
  • Fortune 1000 Companies
  • General Counsel
  • Institutional Investors
  • Law Firms & Litigators
Our Team is Engaged in Matters Involving
  • Asset Valuation
  • Business Combinations
  • Complex Derivatives
  • Disclosures of Risks & Uncertainties
  • Fair Value Measurements
  • Finite Reinsurance
  • Goodwill Accounting
  • Internal Control Adequacy
  • Liquidity Disclosures
  • Loan Losses
  • Loss Contingencies
  • Loss Reserving
  • Mortgage Loan Valuations
  • Real Estate Valuations
  • Related Party Transactions
  • Solvency Measurements
  • Substance Over Form Determinations
  • Use of Specialists
Featured Engagement:
Auditor Conduct

Our experts were engaged to evaluate malpractice claims against the auditor of several large bankrupt publicly traded companies that had been engaged in banking, brokerage, insurance, and lending services. Our experts evaluated accounting and auditing practices, particularly related to franchise fee revenue recognition and the allowances for uncollectible loans. Subsequently, our team was engaged by counsel for the bankruptcy trustee to extract and analyze millions of transactions from the company’s management system to support clawback claims against insurance carriers, franchisees, securitization trusts, banks, and other financial institutions.

Featured Engagement:
Auditor Conduct

Our experts were engaged in litigation involving the auditor of a finance company that issued and securitized loans to sub-prime borrowers. The matter involved examination of the accounting for, and auditing of, financial statement disclosures related to forbearance, provisions for credit losses and reserves, and various aspects of the company’s loan securitization activity, including the fair value of certain complex investment securities.

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Featured Engagements
 
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