Amanda Lattanzio

Amanda’s professional experience includes:

• Accounting Investigation, Revenue Recognition: Engaged by counsel for a technology company to assist in responding to an SEC subpoena and to conduct an internal investigation. The investigation covered whistleblower allegations of channel stuffing, as well as the company’s revenue recognition practices. The revenue recognition issues included implied contracts with distributors, rebate programs, and related recognition timing. The team also reviewed and evaluated the company’s returns reserve. Teamed with counsel to present findings to senior company leadership, the company’s external auditor, and the SEC. The matter resolved favorably for the client.
• Accounting Investigation, Non-Profit: Partnered with outside counsel for a non-profit to assist with an internal investigation of the entity’s accounting records following notice by USDOJ that the entity and its CEO were targets of investigation. Analyzed the entity’s detailed financial records and synthesized transactional data into meaningful statistics and summary financial figures to develop an overall understanding of the entity’s financial operations, activities, and issues relevant to the investigation. Collaborated with outside counsel and non-profit leadership to present the investigation findings to USDOJ. The matter resolved favorably for the client.
• Accounting Investigation, Flow of Funds & Internal Controls: Engaged by counsel for a real estate private equity fund. The client had made a significant investment in an asset management company and had concerns about the investee’s use of the funds. Our team interviewed asset management company personnel, reviewed real estate lending procedures and performance, analyzed management expense reimbursements, and evaluated internal controls. The project ended when the parties entered into negotiations to resolve their differences.
• Accounting Investigation, Reporting and Securities Trading: Engaged by counsel to assist with an internal investigation on behalf of the Board of Directors of a semiconductor company in response to various litigation and SEC and DOJ subpoenas. Performed a wide variety of forensic analyses including event studies, analysis of company debt and leverage changes, and insider trading analyses. Additionally, advised counsel on accounting issues such as GAAP vs. Non-GAAP reporting, required public disclosures, and interaction with external auditors.
• ASC 606 (Revenue Recognition) Implementation: Partnered with client personnel to update revenue recognition policies and recast prior period financial statements to reflect ASC 606 accounting prior to adoption. Identified relevant contract features and reviewed significant contracts. The company subsequently completed an initial public offering.
• Litigation Support, Internal Controls & Revenue Recognition: Engaged by counsel for an individual facing prosecution by the SEC for alleged violations of the Securities and Exchange Act. Interviewed the individual and reviewed depositions and accompanying exhibits to evaluate the claims made by the SEC and the individual’s influence on internal controls and corporate revenue recognition policies and procedures. Used this information to produce a report to rebut the plaintiff’s claims and to prepare counsel for depositions and trial.
• Litigation Support, Lost Profits: Assisted a real estate developer who lost out on a profitable business opportunity because of a broker’s inability to sell a property owned by the developer. Our work involved calculating the lost earnings from the alternate investment that the developer could not pursue. Helped prepare expert witness for deposition. Matter settled prior to trial.
• Litigation Support, Complex Transactions: Analyzed a complex accounting transaction related to the cost of goods sold and internal reporting at the root of a whistleblower investigation and wrongful termination suit. Analyzed company reports and journal entries in conjunction with the company’s established procedures and generally accepted accounting principles. Also analyzed the potential impact of the transactions on the client’s internal and external financial reporting. Prepared an expert report of the findings.
• Litigation Support, Accounting and Data Management: Retained by counsel to assist a fertility clinic following the clinic’s loss of patient tissue. Assisted the clinic with data aggregation and analysis in its efforts to notify patients, manage patient inquiries, and appropriately respond to legal filings and press inquiries.
• Internal Controls Review: Retained by an entity’s Chief Risk Officer and in-house counsel to develop procure-to-pay controls recommendations after an internal investigation of employee fraud and related party transactions. The work involved reviewing findings of the internal team, interviewing several senior personnel, and collaborating with client sponsors. The recommendations focused on vendor set up, payment approvals, conflicts of interest, and use of artificial intelligence to identify suspicious transactions. Presented findings to senior leadership and two audit committees.
• Construction Audits: Currently partnering with the internal audit department of a large educational institution to conduct periodic cost reviews and assessments on numerous construction projects. Reviews include analyzing costs, fees, and rates; identifying financial and compliance risks; preparing reports; and presenting findings.