Kevin Stephens is a Managing Director in the Disputes and Investigations practice. With more than 20 years of experience in the areas of accounting, auditing and consulting, Kevin advises clients in a wide range of financial consulting services, including audits, expert witness testimony, independent investigations and white collar criminal defense. He has provided these services to public and private companies across an array of industries as well as individual defendants. Kevin has extensive expertise in accounting, financial reporting, and SEC enforcement matters.
In the area of investigations, Kevin provides domestic and international services, including the conduct of forensic accounting investigations on behalf of audit and special committees, and assists companies in responding to investigations, including advising on the need for restatements and disclosure issues surrounding investigations and restatements. Kevin has presented reports of investigation to the U.S. Securities and Exchange Commission, U.S. Attorney’s offices, auditors, audit committees, special review committees and other parties.
For financial institutions, Kevin has provided consulting and expert witness services related to various matters, including adjustable rate mortgage servicing class actions, valuation of retained interests in securitizations, lender liability matters, valuation of representation and warranty claims, and solvency modeling.
In the area of accounting malpractice, Kevin has assisted in various actions for “Big 5” and regional companies related to compliance with generally accepted auditing standards and principles, securities and exchange commission regulations, and auditor independence issues.
Kevin also advises clients in the areas of the application of generally accepted accounting principles (GAAP) in both disputes and financial reporting and has significant experience in performing damages analysis in disputes for different causes of action for many industries. Kevin has testified with respect to the valuation of contingent liabilities, damages in post-acquisition disputes, false claims act damages, the valuation of insurance contracts, the solvency of different entities, and the accuracy of estimates used in marketing certain financial products.
For the past 20 years Kevin has provided financial and analytical support to the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) and its member Guaranty Associations in multiple insurance receiverships and insolvencies