Lessons Learned: Case Studies in Forensic Accounting Risk



August 7, 2018 at 11:00 am EDT | 3:00 pm GMT

This webinar examined case studies of companies that showed financial statement red flags but weren’t placed on the Biggest Concerns list. 

When it comes to idea generation and understanding financial statement risk, CFRA’s Biggest Concerns List is an expertly curated portfolio which seeks to identify manipulative accounting schemes which mask deterioration in a company’s underlying business. CFRA looks at companies that have poor quality of reported financial results, operational metrics and/or corporate governance issues – and while not every company we analyze rises to the level of Biggest Concern, those that do often experience a decline.

During this session, we examined several key case studies, discussed why these companies weren’t placed on the Biggest Concerns list, and identified lessons learned. We concluded with key takeaways to help improve idea generation.


  • Jill Lehman, Senior Analyst
  • Julian Sanguedolce, Vice President, Sales and Account Management