GAAP / GAAS Investigations
The accounting at many well-respected companies can be called into question at any time by independent boards, whistleblowers and government regulators. Tough questions from shareholders, Congress, regulators, third-party plaintiffs and the press require timely, accurate responses.
In this environment, it is crucial to address any allegations of accounting and financial reporting irregularities quickly and effectively in order to minimize any damage to a company’s reputation.
Navigant has the resources and the expertise that corporate counsel needs in these situations. Navigant can review the application of accounting principles, analyze accounting documents and investigate questioned transactions or fraud, or provide a detailed analysis supporting a restatement.
Click here to read the latest issue of Investigations Quarterly (IQ), a Navigant magazine on fraud and white collar crime.
Defending Allegations of Improper Inventory Accounting
A technology company engaged Navigant to investigate suspicions of improper accounting for various inventory items, including overhead, in-transit, excess and obsolete reserves and inter-company profit. Navigant conducted numerous forensic accounting analyses, participated in witness interviews, met with both external auditors and government regulators, and assisted with electronic discovery preservation, collection, and review. Our extensive forensic accounting review and analyses helped the company to identify critical areas of restatement and to pinpoint the policies and procedures that required modifications to prevent similar problems from occurring in the future.