Financial Accounting & Valuation: Corporate investigation

CRA recently assisted counsel for a senior executive of a major pharmaceutical company who was indicted in a criminal securities matter involving revenue recognition (channel stuffing), rebate, and reserve accounting matters.

CRA also recently advised the directors of a corporation facing criminal charges in the United Kingdom for alleged manipulation of accounts. Our detailed analysis demonstrated that the transactions were permitted by GAAP and had no material effect on the financial statements. Our work, in part, led to the dismissal of the case.