|Lawyers and CAs rely on FFP to analyze and research accounting and audit issues, assess the performance of accountants’ and auditors’ duties and provide objective expert opinions and testimony.
The accounting profession is under increasing public and regulatory scrutiny due to ongoing financial scandals. As a result, the performance of a company’s current or former auditors has often come under scrutiny. Firms themselves have also become the subject of allegations related to professional competence or conduct. If such a concern arises, FFP will analyze and research accounting and audit issues, assess the performance of accountants’ and auditors’ duties and provide objective expert opinions and testimony.
Our team is supplemented by affiliates who have spent their careers in accounting and assurance service positions in large and medium-sized CA firms.
FFP’s experienced team of professionals and senior consultants can assist in matters such as:
- Case assessment/ consultation and case research
- Cold review of audit files
- Witness interviews
- Providing advice or opinions on GAAS/GAAP issues
- Preparation of an expert report
- Responding to an opposing expert report
- Expert witness testimony
A lawyer contacted us to evaluate the performance of an accountant who had not detected a fraud by the Controller of a medium-sized business. The fraud involved misstating accounts receivable so that the financial results of the business appeared more profitable.
We concluded that in our opinion the accountant should have detected the fraud had he applied generally accepted standards for review engagements. The case settled without going to trial.
If you would like to learn more about our qualifications and experience in this area please contact us at any time.