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 William
H. Black, CPA, PC
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Forensic Accounting
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Incomplete or missing records can stymie the search for information from
financial systems. Without reliable financial data, it can be very difficult to
prove or disprove claims for damages or lost profits. Bill Black has more than 25
years of hands-on experience with management information systems, including
auditing, systems selection and implementation, and records reconstruction
projects. He has assisted courts and counsel in projects like these:Solvency Analysis for Manufacturer in Bankruptcy
- Appointed by the Court to assist Bankruptcy Trustee in evaluating
solvency
- Reconstructed monthly operating information, receipts and
disbursements
- Developed comprehensive analysis showing company was insolvent 2
years before bankruptcy filing
- Our report was used by the Trustee to obtain favorable settlements of a
number of preferential payment claims
- Bankruptcy court judge described our work as "an exemplary use of
resources" in the hearing to confirm payment
Country club ownership dispute
- Identified and analyzed existing financial statements
- Located gaps in information presented
- Reconstructed 25 years of capital investments and disbursements
- Prepared trial notebook highlighting all claims to capital
Law firm reorganization
- Appointed by the Court as a neutral auditor and valuation specialist
- Demonstrated deficiencies in financial statements presented
- Audited receipts and disbursement detail
- Developed detailed financial history from 4 years of transactions
- Generated and tested overhead apportionment methodology
- Presented alternative scenarios for amounts due to owners
Restaurant damages claim
- Reviewed claim for damages from lease termination
- Contrasted claim with financial history
- Developed structured discovery to fill information gaps
- Presented comprehensive rebuttal
State Department of Health and Rehabilitative Services
- Assisted in an information recovery and reconciliation project after an
inadequately planned systems conversion effort lost track of more than
700,000 client transactions and account balances
- Worked with a team to trace requests and payments to documentation
substantiating those transactions
- Successfully reduced unexplained activity by more than 95 percent during
the project
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