Accounting Firms

Experience Highlights

• National accounting firm in SEC and PCAOB investigations involving auditor independence, including the performance of nonaudit services for audit clients and accounting firm entity theories of liability.
• National accounting firm in an SEC investigation involving complex tax accounting issues arising out of multiple restatements by a public company audit client in the oil and natural gas services industry.
• National accounting firm in separate SEC investigations involving the valuation of (i) highly illiquid convertible debentures held by a hedge fund audit client, (ii) oil and gas royalty interests held by a private fund audit client and (iii) structured notes held by an audit client consisting of a series of private pooled investment funds.
• National accounting firm in separate SEC investigations involving the audits of (i) an independent governing body of a healthcare system and (ii) a foreign public company in the housing development and construction industry.
• National accounting firm in investigations by the SEC and a state securities regulator relating to an asset management audit client's practices involving potential breaches of fiduciary duty, related party transactions, payments to investors, and marketing issues.
• Global organization of member accounting firms in separate PCAOB investigations involving the audits of (i) a global financial services firm, (ii) a foreign energy company, (iii) a foreign public company in the telecommunications industry, and (iv) a public company in the technology industry.
• National accounting firm in a commercial dispute brought by an entity alleging that it made a substantial loan to one of the firm's audit clients in reliance on a clean audit opinion issued by the firm.
• Partners and staff of national accounting firms in (i) a contested PCAOB disciplinary proceeding involving the audit of a pharmaceutical client, (ii) a PCAOB investigation relating to audit documentation standards, (iii) an SEC investigation involving the audits of a public company in the health industry, (iv) an SEC investigation involving a bank audit client's accounting for loan loss reserves, and (v) an SEC investigation involving the audits of a medical device public company.