Accounting and Auditing
When assertions of error in financial statements are made or when the conduct of professionals is challenged, it is imperative that those assertions and challenges be evaluated by competent professionals who will call it as they see it. That competency and integrity define the practice and professionals at Veris from Ocean Tomo.
Our engagements have involved highly publicized accounting and financial reporting scandals, including allegations of accounting and auditor malpractice. We have provided expert opinions regarding conformity with Generally Accepted Accounting Principles (GAAP) on matters such as fair value accounting for complex financial instruments, accounting for special purpose entities and accounting for and disclosures related to loss contingencies and asset impairments.
We have given expert testimony in defense of the presentation of financial statements and in defense of auditor compliance with relevant professional standards. In other circumstances, we have provided expert analysis and testimony that previously issued financial statements had been materially misstated and that auditors had failed to discharge their responsibilities under Generally Accepted Auditing Standards (GAAS).
It is imperative that we maintain a rigorous, careful study and evaluation of the facts, circumstances and merits of each case and a dedication to uncompromising integrity.