Stephanie Fauerbach is a Managing Director in the FTI Consulting Forensic & Litigation Consulting segment and is based in San Francisco. She joined FTI Consulting after nine years of experience in public accounting with a Big 4 accounting firm, KPMG.
Ms. Fauerbach has provided client service to a full range of companies, ranging from small privately held to large publicly traded companies. Her client portfolio encompassed pre-revenue development stage companies to companies with annual revenues in excess of $1 billion and her client base has included a variety of industries including manufacturing, logistics, and software as a service. Her concentration was in the technology industry.
Ms. Fauerbach has significant experience in planning, performing and reviewing audit engagements to ensure compliance with applicable regulatory guidance, including GAAS and GAAP. In addition, she has an understanding of complex accounting issues such as revenue recognition, share based payments, impairment of long-lived assets, debt, equity, purchase accounting and various other technical accounting matters. Ms. Fauerbach has considerable know-how as it relates to the evaluation of the design and operating effectiveness of controls to ensure compliance with Sarbanes Oxley, as well as providing recommendations to clients to enhance their accounting policies and internal control environment. In addition, she has significant experience assisting in the creation of and reviewing financial statements. As it relates to public filings, she has experience with 10-K, 10-Q, S-1 (IPO) and S-3 filings.
Ms. Fauerbach uses her experience in accounting and finance to manage dispute consulting and forensic investigatory engagements related to complex financial and accounting litigation matters, as well as business interruption matters. Example projects include:
Provided litigation services in an auditor malpractice case. Efforts included the analysis of auditor workpapers and company documents; GAAS/GAAP research; and preparation of analyses to assist counsel and the company in understanding GAAS/GAAP relevant to questioned transactions, as well as developing appropriate positions for the case. Areas of review included going concern, related party transactions, derivatives, as well as other areas.
Performed a forensic accounting investigation for a software company focusing on issues related to revenue recognition and round-trip transactions initiated due to whistleblower SEC subpoena. Efforts included analysis of transactional accounting records, data analysis, reviews of electronic correspondence and other recovered documents, interviews of employees, and preparation of analysis of presentation to the SEC.
Prepared a multi-million dollar property and business interruption claim for an international semi-conductor manufacturer related to a flood in Thailand which damaged manufacturing equipment and inventory.
Assisted in drafting affirmative and rebuttal expert reports, including analysis of business interruption loss due to Hurricane Katrina. Prepared expert for deposition and arbitration testimony.