Our financial forensics experts perform in-depth investigations to determine when, and to what extent, entities were insolvent, and assist management, regulatory agencies, and/or their counsel in determining the cause of the entities’ failure.
Through comprehensive analysis and knowledge of regulatory processes and governing accounting standards, our team provides specialized expertise in the evaluation of a company’s ability to meet its debts. We investigate the causes of insolvency and perform liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other consultants.
Our subject matter experts have evaluated when, and to what extent, entities were insolvent in connection with many of the largest insurance company failures in U.S. history, including:
Our experts were engaged to evaluate the solvency of a now-bankrupt energy conglomerate in one of the most high-profile accounting scandals in history. The engagement involved an examination of a portfolio of assets using varied techniques for fair value measurement at multiple dates. Our team’s analysis included the identification of both observable and unobservable inputs to determine fair market value while simultaneously considering complex structured financial instruments and any associated off-balance sheet liabilities.
Our experts were engaged by liquidators of several different failed life insurance companies to investigate causes of insolvency and perform liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other consultants. Our experts’ work has included review of accountants’ workpapers, pro forma financial statements, and damages calculations. Our experts have also provided expert testimony.