When litigation against auditors arises, legal counsel requires professionals who can apply technical expertise and courtroom experience to provide insight into financial and accounting issues. AlixPartners’ professionals have extensive experience in providing expert analysis and litigation support in connection with disputes involving auditors. Our experts help companies and legal counsel with every aspect of a claim, including liability, causation and damages.
Our teams are composed of professionals who bring years of public accounting and financial reporting experience to support their credibility in expert testimony. We provide independent analyses of compliance with GAAS, GAAP, IFRS, and standard-of-care issues, and we assist in fraud investigations, funds flow analysis and financial statement reconstruction. We have a proven track record of defending auditors and professionals in securities class actions, derivative cases, SEC enforcement proceedings, PCAOB investigations, audit committee inquiries, and white-collar criminal defense cases.
Our professionals have extensive experience in serving as expert witnesses in litigation against auditors. We are sought after by counsel because our teams combine critical thinking with deep accounting knowledge to address complex financial and accounting matters during legal proceedings.
In auditor defense matters, we assist by:
- Analyzing the financial condition of an audited company over time, determining causes of failure
- Explaining business models and inherent risks
- Identifying contributing factors and parties causing the loss
- Investigating company and board responses to past negative events
- Evaluating and offering opinions on causation issues
- Preparing economic and financial analyses to assess or quantify damages
- Preparing expert reports