Accounting
Analysis Group combines extensive expertise in technical accounting and financial statement analysis with deep experience in damages calculation, securities litigation, and valuation to address the most challenging accounting-related disputes. We analyze accounting issues in a variety of settings, including in matters involving alleged accounting violations and in commercial litigations such as contract disputes and bankruptcies. Our accounting analyses have been used in Delaware Chancery Court appraisal cases, antitrust matters, bankruptcy analyses, securities and finance cases, and other disputes.
Our consultants and affiliates include Ph.D.s in accounting, certified public accountants, and CFA (Chartered Financial Analyst) charterholders, and have prior experience at the Financial Accounting Standards Board (FASB), Governmental Accounting Standards Board (GASB), Securities and Exchange Commission (SEC), Public Company Accounting Oversight Board (PCAOB), and “Big Four” public accounting firms.
In disputes, regulatory investigations, valuations, and other matters, we frequently analyze internal accounting and financial records, publicly available regulatory filings, and auditor work papers to understand a firm’s financial position, revenues, expenses, and earnings. In conducting these analyses, we provide our clients with both accounting insights and a deep understanding of the underlying economic issues. We are uniquely qualified not only to analyze historical accounting and financial data but also to assess how that data might have changed absent alleged misrepresentations.
Analysis Group has analyzed whether:
- Firms or individuals correctly applied generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS), and generally accepted auditing standards (GAAS), and established effective internal controls
- Firms made proper disclosures in accordance with SEC regulations or accounting standard requirements
- Accounting for a transaction or event was consistent with claims made in a commercial dispute
- Materially adverse events occurred
- Restatements and adjustments to financial statements would affect a stock price in a material manner
- Costs and profitability reflected unfair competition
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Case OutcomeSEC Investigation into Accounting and Disclosure Practices
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AG Feature The Role of Accounting in ESG Reporting: A Q&A with D. Scott Showalter
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Case OutcomeDebt Covenant Litigations Involving Caesars
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Featured Expert Stephen G. Ryan
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PublishingKeeping covenants: Getting debt ratios right
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Featured Expert John M. Lacey