Q
Is accounting analysis representation possible?
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Hello, I'm leaving this question because I'd like to know how to respond to a school violence civil lawsuit. My adolescent son got caught up with the wrong crowd and was identified as a school violence perpetrator, and we had a really difficult time. The school violence committee was held... and after a long ordeal, I thought it was all finally over, but now the victim's side is saying they're going to file a civil lawsuit for school violence. Typically, how much in damages do they claim? I'd also like to know how to respond.
accounting analysis
accounting
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作者: 김국일
Yes, accounting analysis representation is possible in the situation you mentioned, and especially specialized analysis related to accounting appraisal or accounting fraud is generally conducted through accounting specialist attorneys collaborating with certified public accountants.
Embezzlement, accounting fraud, stock price manipulation, etc. are subject not only to criminal liability but also to civil damage compensation claims, and to prove these facts, detailed analysis of financial statements, audit reports, footnotes, and disclosure materials is essential.
That is, requesting financial statement analysis for "litigation purposes" is realistically possible, and it is a procedure commonly conducted in many securities-related lawsuits.
Specific litigation related to accounting analysis proceeds as follows.
Material collection and accounting analysis request → Filing of criminal complaint or civil damage compensation lawsuit → Court evidence investigation and appraisal proceedings → Compensation judgment or mediation procedure
Litigation costs vary depending on attorney retainer fees (initial fee + success fee) and accounting appraisal costs, and individual cost burdens may be reduced when proceeding in the form of a class action.
In addition, accounting specialist attorneys can accurately review and analyze the company's financial statements to clarify the facts and play an important role in enhancing accounting transparency and minimizing risks.
Since the actual cost varies depending on the litigation scale, scope of analysis, attorney remuneration standards, etc., we recommend consulting with an accounting specialist attorney to confirm the estimate and strategy in advance.
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