You are an associate at ABC LLP, a forensic accounting firm. Your company is retained by...

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Accounting

You are an associate at ABC LLP, a forensic accounting firm.Your company is retained by the Law Firm that is representing aclient. The client, the former CFO of the Public Company, is beinginvestigated by the SEC and FBI for running a large accountingfraud scheme and funneling money to his own account after allegedlyfalsely invoicing sales during 2013 and 2014. The Auditing Firm,which was recently terminated, audited the Public Company andissued opinion letters in connection with the Public Company’s 2013and 2014 annual reports.
You are just getting up to speed on the case, but the ABCPartner asked for you to help analyze the issue in connection withthe Law Firm.
Assume that the ABC Partner asks if you are willing to testifyabout your work in a hearing concerning the CFO, but that the ABCpartner is unsure about the laws governing your possibletestimony:
1. Identify the types of testimony you might be able to provideby referencing relevant laws on point (and describe theadmissibility of such testimony).

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4.2 Ratings (470 Votes)

The accountants have the responsibility to uphold the dignity and honesty of accounting profession Thus an accountant though is allowed to testify in case for or against his clients See Answer

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You are an associate at ABC LLP, a forensic accounting firm.Your company is retained by the Law Firm that is representing aclient. The client, the former CFO of the Public Company, is beinginvestigated by the SEC and FBI for running a large accountingfraud scheme and funneling money to his own account after allegedlyfalsely invoicing sales during 2013 and 2014. The Auditing Firm,which was recently terminated, audited the Public Company andissued opinion letters in connection with the Public Company’s 2013and 2014 annual reports.You are just getting up to speed on the case, but the ABCPartner asked for you to help analyze the issue in connection withthe Law Firm.Assume that the ABC Partner asks if you are willing to testifyabout your work in a hearing concerning the CFO, but that the ABCpartner is unsure about the laws governing your possibletestimony:1. Identify the types of testimony you might be able to provideby referencing relevant laws on point (and describe theadmissibility of such testimony).