DGC's Business Advisory team has years of experience providing better, smarter solutions for complex challenges. Here are five ways clients have partnered with DGC's experts:
1. Corporate Scandals
SITUATION: A major manufacturing conglomerate grappled with a range of theft and deception, from grand larceny to securities fraud to conspiracy.
OUR SOLUTION: Engaged by counsel for a Big Four accounting firm to analyze an independent audit of the conglomerate. After reviewing and synthesizing a complex maze of financial information and transactions, our experts provided a written opinion and deposition testimony, which led to a settlement agreement.
2. Revenue Recognition and SEC Investigation
SITUATION: Following an SEC inquiry, the audit committee of a Fortune 50 global industrial company decided to take a proactive approach.
OUR SOLUTION: Counsel for the company’s audit committee engaged us to execute a plan to cooperate with the SEC probe. Our team went to work, conducting a comprehensive investigation of revenue recognition practices for each of the corporation’s U.S. divisions.
3. Ponzi Scheme
SITUATION: Law firm ran a billion dollar-plus Ponzi scheme through its accounts.
OUR SOLUTION: Counsel for the law firm’s financial institution brought us in to make sense of financial mayhem. Our experts traced cash inflows and outflows of funds, quantified returns by investors, and calculated economic damages by party.
4. Mortgage Collapse
SITUATION: Largest savings and loan bank in America collapsed and left a wake of complicated disputes that had a profound legal and financial impact.
OUR SOLUTION: Counseled the client on loan loss reserves, to help them navigate mortgage-backed securities claims, as well as to assess economic damages.
5. Life Insurance
SITUATION: Acquisition led to substantial financial loss for a multi-national insurance company.
OUR SOLUTION: Insurance company engaged our experts to quantify the financial loss it suffered as the result of a corporate acquisition that didn’t live up to expectation.
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