The careful reconstruction of strategic, financial, and accounting decisions has become increasingly important due to scrutiny from the U.S. Securities and Exchange Commission, board investigations, and mounting securities litigation. It is crucial to be able to determine whether poor corporate performance was due to bad luck, incompetent management, or fraud. A multi-disciplinary approach that combines economic, managerial, financial, accounting, and tax expertise is required to distinguish the role of these factors.
The Brattle Group is qualified to provide this expertise. We identify and examine the underlying economic issues that inform accounting problems. We provide careful reconstruction and evaluation in the form of proprietary reports and expert testimony before state and federal courts or arbitration panels. Our clients have included special board committees and attorneys at leading law firms around the U.S., and our experts have worked on some of the most contentious and visible cases in the industry over the last twenty years.
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Our Focus
- Unraveling and explaining complex transactions based on contemporaneous internal planning, accounting documentation, and other evidence
- Providing in-depth industry and institutional context against which transactions should be reviewed
- Examining the decision-makers’ economic incentives and the information relied upon to make decisions, and assessing operational and financial impacts on the companies
- Benchmarking transactions against customary business and financing practices
- Examining the channel and timing of transaction disclosures to public investors, joint-venture partners, and/or taxing authorities
- Estimating damages, if any, to applicable stakeholders
- Determining and possibly correcting inappropriate accounting choices, valuation methods, or other financial decisions and calculating the “but for” figures
- Identifying improved processes and planning methods to avoid similar problems in the future
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Representative Engagements
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See Also
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