Forensic accounting related to internal trading records - Brattle

In an insurance dispute between Brattle’s client, a broker-dealer, and a large bank whose natural gas trader was alleged to have caused hundreds of millions in trading losses, the bank alleged that an employee of Brattle’s client colluded with the bank’s trader by providing incorrect pricing inputs to the bank’s internal auditors. Brattle traced and analyzed the bank’s internal trading records, replicated internal valuation, and performed a forensic accounting analysis of the bank’s journal entries and financial restatements to determine the portion of losses possibly related to potential pricing irregularities, as opposed to losses caused by unrelated causes. The case was settled on favorable terms for our client.

Practices

More Accounting Work

Determining Lost Compensation in Employment Contract Dispute

Intangible asset impairment in securities class action

Modifications of stock-based compensation in Section 10(b)(5) class action

Assessment of compliance with audit standards in SEC fraud investigation

Arbitration over compliance with auditing standards

Semiconductor inventory GAAP allegations

Financial reporting of a student lender

Analyses Related to PCAOB Audit Investigation

Permanent Court of Arbitration Proceeding

Audit cross review in PCAOB matter

Forensic accounting and examination of due diligence in investor fraud dispute

Forensic accounting in criminal fraud trial

M&A dispute in Latin America

M&A dispute in technology sector

Valuation in accordance with GAAP

Tax accounting in IRS dispute

Managerial and cost accounting

IFRS asset impairment

Forensic accounting related to internal trading records

Forensic accounting in an international arbitration

Forensic accounting for fiber optics

Disclosure adequacy and information materiality

Auditor liability in accounting firm resignation

Accounting and internal controls

Accounting, internal controls, and damages in an M&A matter