Derivatives Accounting Expert
As the the widely respected author of many accounting books, Dr. Barry Jay Epstein, CPA, CFF can assist attorneys in litigation involving FAS Statement 133, Accounting for Derivative Instruments and Hedging Activities.
Accounting Consultations for Derivatives Litigation
Derivatives litigation frequently results from unexpected financial losses, inadequate documentation, disagreement over payment timing or prioritization, or failure to meet over-collateralization tests (OC test or borrowing base requirements). Our litigation support services include:
- Due diligence review. If you or your client relied on the advice of an investment manager or third party (i.e., accounting firm, auditor, or ratings agency) as part of your derivatives investment program, our derivatives accountants will review the documentation that was supplied to you for accuracy, clarity, and compliance considerations.
- Performance representations. Investment risk profiles may be poorly understood by the seller or the buyer, improperly documented, and/or inaccurately rated. Our derivatives accountants can evaluate risk profiles in shareholder suits and other derivatives litigation.
Financial Instrument Analysis
We can assist you with many types of derivatives securities, including but not limited to:
- Commodity derivatives
- Credit derivatives, including credit default swaps (CDS)
- Equity contracts and derivatives
- Exotic derivatives (e.g., floating rate returns created from fixed rate debt)
- Foreign exchange derivatives and commodity contracts
- Forwards
- Futures and other options
- Interest rate derivatives
- Over-the-counter (OTC) derivatives
- Private placements
- Repurchase agreements
- Swaps and swaptions
- Warrants
Contact a Derivatives Accounting Expert
Dr. Barry Epstein is a recognized international accounting expert on U.S. GAAP and IFRS, auditing, financial analysis, and financial reporting practices. He has served as an expert in over 130 litigation consulting assignments.
In addition to derivatives litigation, Dr. Epstein provides forensic accounting services for securities fraud, white collar criminal defense, auditor liability and accountants’ malpractice.
Contact Dr. Epstein via email or by phone at 312-464-3520 for a confidential discussion of your case.