Freeman
& Mills, Inc. consultants to counsel and management
Freeman
& Mills is one of the most respected
and experienced litigation consulting firms in the US.
Since its founding in 1978, the firm has assisted attorneys in developing case
strategy, assessing issues of causation and liability, formulating the
measurement of damages, and providing expert testimony.
Accounting, Auditing and Tax Standards Compliance
F&M provides assistance to counsel in disputes involving alleged accounting, auditing and tax malpractice. F&M evaluates compliance with professional standards relating to Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and other established professional standards.
F&M Capabilities
- Experienced, Big Four CPAs
- Experienced expert witnesses
- Accounting, auditing and tax expertise
- Pre-trial issues analysis
- Discovery assistance, including depositions, documents and interrogatories
- Evaluation and calculation of damages
- Experienced with settlement and Alternative Dispute Resolution procedures
F&M Case Histories
- F&M has provided expert testimony at deposition and trial in complex accounting malpractice matters involving GAAS, GAAP and public reporting issues such as the adequacy of reserves for receivables and inventory balances and the appropriateness of revenue recognition methods for a number of companies in diverse industries such as software development, manufacturing, distribution and construction.
- F&M has provided consulting services and expert testimony in defense of "Big Four" and national CPA firms involved in malpractice litigation.
- F&M analyzed a $4 million check embezzlement case brought by a bank customer, demonstrating that the customer's deficient internal accounting controls were the principal factors in the embezzlement, not the bank's actions.
- F&M testified in mediation regarding the violation of standards by a CPA and an attorney with respect to tax services for related corporations, resulting in a $2 million settlement.
- F&M provided expert testimony at deposition and trial concerning an insurer's compliance with statutory accounting principles and reporting requirements.
