Provided forensic accounting for investigation of IT consulting firm
Provided forensic accounting for investigation of IT consulting firm
We provided forensic accounting support to counsel as part of an independent investigation of a multinational IT consulting and outsourcing company. The investigation concerned more than $80 million of fraudulent financial misstatements and omissions in connection with the business information outsourcing sector for a particular European operation. We reviewed and analyzed contemporaneous and partially offsetting adjustments identified by the company and its auditors. We drafted a white paper memorandum summarizing the results of our forensic analyses and the appropriate accounting treatment for each of the approximately 25 offsetting accounting entries. The results of our investigation were presented to the audit committee of the board of directors in connection with the company’s response to the Securities and Exchange Commission, and the company's decision to restate its prior year financial statements.