Financial Reporting Matters
The application of generally accepted accounting principles (“GAAP”) involves knowledge, experience, and judgment. Similarly, when someone challenges your accounting treatment for an event or transaction, the same skills are needed, plus independence and objectivity—two of our most valued traits. Whether dealing with a financial reporting problem in a previously issued financial statement or struggling with a current decision, we bring the necessary skills and expertise to the table to solve those issues.
Private Equity Services
Our team of experts helps private equity firms manage complex issues that may arise from selling a portfolio company, dealing with a post-acquisition dispute, or managing financial reporting and accounting risks within their portfolio. We assist private equity firms with risk mitigation reviews of accounting policies and practices, writing purchase and sale agreement language that mitigates the risk of post transaction disputes, and assembling critical accounting records prior to sales transactions to defend any post transaction issues that may occur. We assist in the dispute and arbitration process, serving as advisors, mock arbitrators, testifying experts, and neutral arbitrators. We also offer expertise in financial reporting, internal controls and other accounting and transaction needs that may arise at current portfolio companies.
SEC Reporting Problems
Discussions about possible financial reporting problems may evolve into the identification and disclosures of accounting errors and, sometimes, irregularities in the financial statements of publicly traded companies. We understand disclosure needs, the restatement process, and the pressures that registrants encounter in these situations—which is critical to working through each step of the action items required to successfully emerge from the problem and reissue the company’s financial statements. Our team assists companies, management, boards of directors, special committees, and audit committees as they work through these difficult situations.
The ability to investigate a fraudulent financial event is a highly specialized skill which requires professional skepticism, an understanding of human psychology and greed, and a tenacious approach and attitude to follow complex accounting trails and records. Our team has deep fraud investigation skills, experience, and the credentials necessary to gain the respect and confidence of the executive suite, the board, regulators, and law enforcement professionals.