Brad Mroski is a Partner & Managing Director, and Co-Leader of Americas Risk Advisory at AlixPartners. Brad has over 25 years of experience in forensic accounting, auditing, consulting and litigation services, including serving for six years as Assistant Chief Accountant in the Enforcement Division of the US Securities & Exchange Commission (SEC).
He leads internal investigations and has a wide range of experience with accounting and financial reporting, auditing, internal controls, corporate governance and economic issues across a variety of industries.
In addition to his investigations and compliance work, Brad frequently provides expert reports and testimony in regulatory and commercial dispute matters dealing with accounting and reporting, internal controls, auditor malpractice and asset tracing.
Key Engagements:
- Led dozens of investigations into accounting, reporting and auditor conduct while serving in the Washington D.C. headquarters of the SEC’s Division of Enforcement from 2010 to 2016.
- Led an investigation into the timing of inventory reserves and goodwill impairment charges for a Fortune 50 company in connection with an SEC investigation; presented findings to the SEC who closed its investigation with no enforcement action.
- Led an audit committee investigation into revenue recognition and inventory reserve related issues at a global semiconductor manufacturer; presented findings to the SEC who closed its investigation with no enforcement action.
- Provided expert accounting analysis and presented to the SEC on behalf of a respondent who had received a Wells notice; the SEC declined to bring charges against the respondent.
- Provided an expert report related to financial reporting and internal controls on behalf of a respondent who had received an SEC Wells notice; the SEC declined to bring charges.
- Led an engagement for a healthcare company to quantify profits related to alleged bribery activities in various provinces in China; presented findings to the SEC, resulting in assessed disgorgement that was more than $50 million less than the SEC’s calculation.
- Led an engagement to calculate profits and assess ability to pay fines on behalf of a global automobile manufacturer who was alleged to have violated various environmental regulations over more than 10 years across multiple geographies; our analyses facilitated a settlement with the U.S. government that was billions of dollars less than the statutory penalties that could have been assessed.
- Testified as an accounting and auditing expert on behalf of an audit firm defendant in an arbitration; ruling resulted in a take-nothing judgement in favor of the audit firm.
- Provided an expert report related to alleged independence violations on behalf of a top-10 audit firm who had received an SEC Wells notice; matter settled on favorable terms.
- Testified as an accounting and disgorgement expert on behalf of respondents to an SEC litigated action alleging failure to register as a dealer; the SEC dismissed its case after deposition testimony.
- Testified as an expert on behalf of an auditor defendant in a complex accounting and auditing case that was the subject of a litigated action brought by the SEC; the SEC dismissed its case after deposition testimony
- Testified as an accounting and auditing expert on behalf of an audit partner alleged to have violated Section 10A of the Securities and Exchange Act; case settled on favorable terms.
