Elliott Davis Decosimo Consulting Articles

Great Internal Controls and Then It Happens – Fraud

May 5, 2016 by Pamela S. Mantone

Even the most comprehensive internal control structure cannot guarantee fraud prevention. All internal control structures have certain fundamental limitations; judgment considerations, breakdowns, management override, materiality, point-in-time evaluations and cost/benefit considerations. Yet, internal control is not one event or...

Valuation Critique? Preparing a Rebuttal Report

March 7, 2016 by Michael Costello

Valuation practitioners usually prepare standard valuation reports for clients. They can also refute reports to convey expert opinions in legal matters. Rebuttal reports are a special subset of valuation reports that valuation experts prepare exclusively for litigation purposes....

Refuting Lost Profits in a Civil Lawsuit

February 8, 2016 by Mike Costello

Profits frequently suffer when a company is a victim of a civil wrongdoing such as breach of contract, negligence or patent infringement. Courts may award monetary damages to make the injured party “whole” again. In most jurisdictions, it’s the...