Finding the value of a publicly traded company or security is as easy as typing in a ticker symbol. Determining the value of a privately held company, however, requires a detailed analysis by an experienced and credentialed expert. We utilize a data-driven approach under the asset, income and market approaches to arrive at our conclusion of value. Every valuation engagement we perform considers a thorough understanding of the economic and industry environment in which the company operates. We have the knowledge and experience that comes from having performed thousands of engagements and our analyses routinely withstand scrutiny from opposing experts, judges, and regulatory agencies. We have extensive experience valuing intangible assets for ASC 805 purchase price allocations, conducting goodwill impairment tests under ASC 350, valuing equity compensation under ASC 718, and valuing specialty and illiquid assets including exotic derivatives. Our work has been accepted by all of the major national accounting firms and conforms with AICPA guidance.
Analyzing and quantifying economic damages requires the construction of financial models representing two alternate realities. The first financial model (the “But For Scenario”) consists of what would have happened had some damaging event not taken place. The second financial model (the “Actual Scenario”) presents the actual results that took place following a damaging event. By comparing the differences in the But For and Actual Scenarios, we then determine the financial impact of the damaging event. We work closely with clients and their advisors to determine reasonable and highly defensible damage analyses and have the experience to testify in court regarding our findings.
Financial statements and other reports are only meaningful when the underlying details are accurate and properly organized. In our forensic analysis, we go “behind the numbers” to examine underlying source documentation such as bank and credit card statements, general ledgers and other business records to test and verify the information presented in financial reports. We also trace cash and other assets that may have flowed between various accounts and entities over the course of many years. We approach each forensic engagement with a big-picture mentality that involves identifying the most advanced areas to examine and employing the most advanced techniques. Our balanced approach to forensic accounting offers the peace of mind that comes from examining the details combined from a strategic point of view.
Sometimes, a business in distressed financial condition or in the midst of an ownership dispute will require the services of an independent third-party receiver. We have experience in this area ranging from being the “referee” in certain management disputes to taking over and running the day to day operations of a company. Our team has served as a court-appointed receiver on numerous occasions for reasons ranging from marital disputes to the liquidation of investment funds that collapsed under the weight of a Ponzi scheme fraud. We also have experience serving as the financial advisor to debtor companies during the process of Chapter 11 reorganization in Federal Bankruptcy Court.
Valuation and litigation are complex. With experience in thousands of financial engagements, we can provide quality, affordable, and effective services in even the most complex situations.
We are not typical accountants! We have been involved in numerous family law, civil, bankruptcy, and arbitration proceedings as consultants, experts, receivers, trustees, and special masters to various courts. We pride ourselves in our ability to take complex accounting and financial issues and present them in an understandable manner. We focus on the big picture and work with attorneys throughout all aspects of a case.