United States: Forensic Accounting

Private companies, family-owned businesses and employee stock ownership plans (ESOPs) face unique challenges when conducting internal investigations. Unlike their public company counterparts, these types of businesses...

Unbiased analysis is paramount in forensic accounting.

When allegations of fraud, misconduct, or other illegal acts arise, internal investigations — often led by in-house counsel in coordination with external advisors — play a central role in a company's response.

The construction industry has faced mixed reactions to the pandemic: some locales are allowing construction projects to continue as an "essential service" and others are shutting down construction altogether.

Within a week of the ceremonial swearing in of its last commissioner, the now fully formed Commodity Futures Trading Commission issued 17 enforcement orders and filed one complaint.

In my previous article, I discussed the critical need for business owners to have their business valued by a professional appraiser.

The Financial Accounting Standards Board (FASB) has once again waded into the sensitive subject of disclosure of loss contingencies by proposing new standards for required disclosures of possible losses and liabilities (the 2010 Exposure Draft).

The accounting rules in the United States for software‐as‐a‐service or "SaaS" companies are fundamentally different from the rules more traditional software licensing companies are required to follow.

Lawyers often have expressed or implied fiduciary oversight responsibilities in connection with the "family office" of wealthy individuals, families and private foundations. The term "family office" is commonly used to refer to financial services needed by or provided to wealthy or aging families.