Accounting Liability Issues
We have examined many complex accounting liability issues. Our work has included analysis of company financial statements to determine compliance with Generally Accepted Accounting Principles (GAAP) – for example, we have assessed proper revenue recognition and cost capitalization.
We have analyzed whether certain financial information, such as data suggesting an imminent bankruptcy, was publicly available, and have assessed the materiality of adverse events.
Our work also has included analysis of firms' accounting for financial derivatives, in which we have measured the effects of the firms' choices on their financial statements. We also have provided analyses in various purchase price disputes involving proper calculation of post-closing adjustments.