Forensic Accounting and Economic Damages

The forensic accounting and economic damages team at Bates Group delivers analytical clarity for a broad range of disputes in which financial data and modeling are crucial. The team provides accounting, financial, and valuation expertise while at the same time effectively and objectively communicating the findings to the client throughout the duration of a project.

Whether serving as consulting experts or testifying experts, we support law firms, businesses, and government agencies by deciphering, interpreting, and explaining relevant accounting and financial data—including qualitative characteristics—to produce reliable and useful outcomes.

We assist clients in many aspects of legal disputes, including:

  • Determining pre-filing strategy
  • Helping identify relevant documents to request for production
  • Drafting and responding to motions
  • Preparing clients for depositions
  • Analyzing advanced data
  • Managing and reviewing documents
  • Reviewing deposition testimony
  • Writing both expert and rebuttal reports
  • Providing expert witness testimony

The team often supports clients in a litigation or consulting setting in the following roles:

Financial, Valuation, and Commercial Damages Expert

We calculate the value of economic harm associated with various types of commercial and civil lawsuits and then testify in depositions or at trials. Economic harm is often measured through a determination of lost profits or lost earnings. Issues we have been engaged to handle include:

  • Breach of contract
  • Breach of fiduciary duty
  • Business interruption
  • Business torts
  • Employment (discrimination, retaliation, and wrongful termination)
  • Fraud and misrepresentation
  • Fraudulent conveyance
  • Insurance bad faith
  • LLC member disputes
  • Negligence
  • Partnership and joint venture disputes
  • Personal injury

Through our wage and hour practice, we support businesses, government agencies, individuals, and counsels in:

  • Evaluating the validity of alleged violations of the Fair Labor Standards Act and state labor laws involving both class and single plaintiff actions
  • Quantifying potential damages, including those arising from PAGA claims.
Accounting Expert

Skilled in financial reporting, financial statement auditing, and forensic accounting, the team applies the relevant professional standards to:

  • Analyze complex accounting matters
  • Assist in proving alter ego liability using relevant internal accounting and financial reporting evidence
  • Opine on a party’s ability to pay punitive damages based on the financial condition of an entity and related parties
  • Assist in resolving royalty disputes
  • Evaluate allegations of accounting/professional malpractice, such as a failure to comply with generally accepted auditing standards (GAAS)
  • Determine whether an entity’s financial statements were prepared in conformity with generally accepted accounting principles (GAAP)
  • Identify red flags indicative of financial statement or accounting fraud and pinpoint related internal control weaknesses
  • Interpret the significance of accounting information in relation to the operations and performance of a business, government agency or a non-profit entity
Forensic Accountant or Financial Forensic Consultant

In a non-litigation setting, we apply our significant forensic accounting and financial forensic consulting experience to:

  • Investigate allegations and document findings pertaining to occupational and financial fraud and other financial improprieties
  • Assist in preparation of the proof of loss report required by an insurance company
  • Communicate with the Board or senior management of the defrauded entity and with law enforcement, such as the Federal Bureau of Investigation (FBI)
  • Reconstruct and decipher disputed business transactions based on available documents, such as financial statements, income tax returns, internal accounting reports such as the general ledger, customer and vendor invoices, bank statements, and relevant contracts

In collaboration with the Bates' Big Data Services, we process large data sets to collect, identify, and filter the relevant data required to execute a meaningful analysis consistent with the project’s objectives.

Professional Credentials

Our team possesses the professional credentials and adheres to strict industry standards that require exercise of due professional care, supervision, objectivity, and integrity in our work. Our credentials include: Certified Public Accountant (CPA) in several states, Certified in Financial Forensics (CFF), Certified Fraud Examiner (CFE), Certified Valuation Analyst, and Chartered Global Management Accountant. Our hands-on experience in forensic accounting, financial statement auditing, business valuation, taxation, financial reporting, and regulatory compliance informs our testimony and bolsters our frontline experience to interpret complex financial information and communicate our findings clearly and objectively.

Contact:

A. Christine Davis, CPA, CFF, CVA, CGMA

Managing Director, Forensic Accounting and Economic Damages

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.

Contact Bates Group

Download our new Forensic Accounting white paper

Download

Automat:ee