Case Studies

Auditor Malpractice, Insolvency Calculation & Claims

J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response

Read More close Created with Sketch.
Home·Auditor Malpractice, Insolvency Calculation & Claims

Engagement

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. Ocean Tomo, a part of J.S. Held, evaluated accounting and auditing practices, particularly related to franchise fee revenue recognition and the allowances for uncollectible loans and determined extent of entities’ insolvency. Ocean Tomo was subsequently engaged by counsel for the bankruptcy trustee to extract and analyze millions of transactions from the company’s management system to support claims against insurance carriers, franchisees, securitization trusts, banks and other financial institutions.

Our Experts