Financial reporting & GAAP compliance

All services · Contact us

When financial statements sit at the center of a dispute, experts evaluate recognition, measurement, presentation, and disclosure under U.S. GAAP, alongside regulatory context such as PCAOB auditing standards where public-company audits are implicated.

These matters often overlap IRS positions on tax accounting methods and can surface in accountant malpractice cases where the question is whether the professional met the applicable standard of care.

How We Approach This
Phase	What We Do	Deliverable
1. Policy Mapping	Identify applicable GAAP/IFRS recognition and disclosure	Accounting position matrix
2. Transaction Testing	Reperform journal reviews and cut-off procedures	Exception listing
3. Benchmarking	Compare treatments to peers and regulator guidance	Comparative analysis
4. Testimony	Opine on whether statements reflect applicable standards	GAAP compliance opinion

Frequently asked questions

What issues do GAAP experts address in litigation?

Revenue recognition, lease accounting, impairment, related-party disclosures, and non-GAAP reconciliations are common focal points when financial statements drive the dispute.

How do experts connect accounting policy to damages theories?

Experts reconcile how alleged misstatements affected reported earnings, covenant compliance, or market reactions, depending on the legal theory and available market data.

When should counsel involve a financial reporting expert?

Retain early when pleadings turn on whether statements complied with GAAP or when opposing experts will opine on recognition or disclosure choices buried in footnotes.

What is the expert's duty under UK CPR Part 35?

In England and Wales, experts owe an overriding duty to the court to provide objective opinions within their competence, disclose material facts, and acknowledge ranges of acceptable professional views where they exist.

Need an expert for this practice area?