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Piercing the Corporate Veil – From a Forensic Accounting Perspective

February 16, 2017

Duquesne Club - Walnut Room
325 6th Avenue
Pittsburgh, PA  15222
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Mindy Millanti
(412) 315-2281
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  • Summary
  • Agenda
  • Presenters
Please join BDO Consulting for a complimentary breakfast seminar featuring continuing legal education.  

Whether related to an alleged constructive fraud, a bankruptcy issue, or relative to some other legal matter, an attempt to pierce the corporate veil can be an important element of a legal claim.  While the action itself depends on the legal theory, demonstration of the underlying facts and circumstances can depend heavily on the financial and corporate transactions between or among entities.  In these matters forensic accountants can determine the veracity of claims through the application of appropriate methodologies and procedures.

This session will cover the primary theories and factors considered relative to a piercing action and the manner in which business valuation analysts and forensic accountants analyze:
  • Capitalization
  • Commingling of Assets and Operations
  • Respect of Corporate Formalities and Corporate Relationships
  • Nature of Transactional Relationships (Arm’s Length)
  • External Representation of members
  • Concentrations of assets or liabilities
  • Treatment of entities by controlling owners
8:00 AM to 8:30 AM – Registration

8:30 AM to 10:00 AM – Seminar
Brandon-Otis.jpg Brandon J. Otis, CPA/CFF/ABV, CFE, CVA
Managing Director, BDO Consulting

Brandon Otis is a Managing Director in BDO Consulting’s Pittsburgh office.  He is a Certified Public Accountant and has been awarded the Certified in Financial Forensics and Accredited in Business Valuation designations by the American Institute of Certified Public Accountants.  Brandon has also obtained the Certified Fraud Examiner designation from the Association of Certified Fraud Examiners and the Certified Valuation Analyst designation from the National Association of Certified Valuation Analysts.

Brandon has spent his career focusing on specialized and distinct business consulting matters.  He has testified in federal and state court matters and is a frequent speaker on valuation, forensic accounting, and financial management related topics.  With significant experience in a wide variety of industries, including oil and gas, insurance, manufacturing and distribution, professional services, medical practices and construction contractors, Brandon’s clients have ranged from Fortune 500 firms and some of the nation’s largest professional practice firms, to individuals and sole proprietorships.
   
Ben-Fortna.jpg Benjamin Fortna, CPA/ABV,CVA, CFE
Litigation Manager, BDO Consulting

Ben Fortna is a Manager in the Pittsburgh Office of BDO Consulting. He is a Certified Public Accountant and has been awarded the Accredited in Business Valuation designation by the American Institute of Public Accountants. Ben has also obtained the Certified Valuation Analyst designation from the National Association of Certified Valuators and Analysts and the Certified Fraud Examiner designation from the Association of Certified Fraud Examiners.

Mr. Fortna has significant experience providing financial and forensic analysis, business valuations, and litigation support to a wide variety of industries including: oil and gas, insurance, manufacturing and distribution, professional services, medical practices and construction.