White Collar, Investigations and Enforcement

Accounting Disclosure Litigation

Accounting Disclosure Litigation

NERA's accounting experts combine a unique blend of skills and industry experience to address financial disclosures, auditing and control, and tax compliance issues related to:

  • Criminal and civil allegations of securities fraud
  • Accounting fraud and professional negligence
  • Complex commercial disputes
  • Post-acquisition disputes
  • Allegations of misrepresentations in financial disclosures
  • Notional valuations for reporting purposes

Our experts offer highly specialized knowledge and investigative skills, combining statistical and econometric expertise with an in-depth understanding of the nature of, and possible flaws in, the underlying financial data.

The synergies between our accounting expertise and our securities litigation, financial investigation, and business and securities valuation practices allows us to provide clients with integrated, robust analyses. We are frequently asked to provide consulting and expert testimony.

Our team includes former partners of major accounting firms and leading academics in the areas of financial accounting and reporting, cost accounting, forensic accounting, derivatives, risk management, tax matters, and accounting rule-making.

Many of NERA's economists are also Certified Public Accountants, with training and experience in analyzing financial statements and financial data prepared in accordance with Generally Accepted Accounting Principles (GAAP) and other accounting standards, including International Financial Reporting Standards (IFRS). Our experts are uniquely positioned to evaluate the economic substance behind reported financial results and are familiar with the complex systems for organizing voluminous transactions data that underlie the reported numbers.

NERA has applied this specialized knowledge in numerous engagements involving accounting issues, including:

  • the value of securities tied to subprime lending, including reserves for losses on the balance sheet of the originator;
  • allegations of accounting fraud in securities class actions; and
  • the economics of mutual funds, and data in cases of alleged mutual fund fraud.

In bankruptcy matters, our accounting experience is often combined with our experts' specialized knowledge of business and securities valuation, intellectual property, financial investigation, securities litigation, and commercial litigation.

Name Title Location Phone Email
Dr. Graeme Hunter Managing Director New York City +1 212 345 7724 graeme.hunter@nera.com
Bradley A. Heys Director Toronto
New York City
+1 416 868 7312
+1 212 345 2691
brad.heys@nera.com
Raymund Wong Associate Director New York City +1 212 345 9361 raymund.wong@nera.com
Dr. Airat Chanyshev Senior Consultant New York City +1 212 345 7336 airat.chanyshev@nera.com
Gary Lambert Senior Consultant London +44 20 7659 8652 gary.lambert@nera.com
Ivelina Velikova Senior Consultant New York City +1 212 345 1160 ivelina.velikova@nera.com
Dr. Jerry Arnold Affiliated Academic Los Angeles +1 310 570 3982 JArnold@marshall.usc.edu
Dr. Paul Wertheim Affiliated Academic Austin
Toronto
Los Angeles
+ 1 512 383 4800
+1 416 868 7314
+1 325 674 2071
paul.wertheim.affiliate@nera.com
Mark L. Berenblut Affiliated Consultant Toronto
New York City
London
+1 416 868 7311
+1 917 475 0020
+44 20 7659 8644
mark.berenblut.affiliate@nera.com
Title Type Author
Expert Analysis: Financial Crisis Anniversary - Trends In Credit Crisis Settlements Published Article By Faten Sabry, Sungi Lee, and Linh Nguyen
Securities Class Actions: 2016 Full-Year Review and Mid-2017 Flash Update Published Article By Stefan Boettrich and Svetlana Starykh
BSA/AML Compliance and Enforcement: An Update for the Securities and Derivatives Indu... Published Article By. Sharon Brown-Hruska
Trends in Canadian Securities Class Actions: 2016 Update Report By Bradley A. Heys & Robert Patton
SEC Settlements Trends: 1Q09 Update Study
Financial Disclosure and SFAS 157: Seeking Transparency in a Perfect Storm Published Article By Dr. Sharon Brown-Hruska with former NERA Vice President Shuchi Satwah
The Subprime Meltdown: Understanding Accounting-Related Allegations Working Paper By Dr. Airat Chanyshev et al.
Options Backdating: Accounting, Tax, and Economics Working Paper By Dr. Patrick Conroy et al.