Deirdre Flaherty, a co-founder of StoneTurn, has been providing financial consulting advice to clients for more than 20 years.
Over the course of her career, Deirdre has been involved in a variety of forensic accounting matters, including investigations on behalf of Special Committees formed by Boards of Directors, named directors and officers, and / or senior management. These investigations have included analysis around the interpretation and application of Generally Accepted Accounting Principles (“GAAP”) in areas such as revenue recognition, the accounting for promotional marketing allowances, the adequacy of various reserves, inventory manipulations and various other reporting issues.
In addition, Deirdre has participated in a variety of complex financial litigation matters, including analyses pertaining to breach of contract disputes, purchase price disputes, business interruption claims, and investigations of collateral borrowing base irregularities and employee defalcations. She has also participated in several engagements to evaluate and enhance the internal controls structure of entities in line with requirements of Section 404 of the Sarbanes-Oxley Act (“SOX”).
Deirdre has participated in audits of companies across a variety of industries, including high-tech, manufacturing, computer software and hardware, real estate, distribution and financial services.
Prior to co-founding StoneTurn, Deirdre was with Deloitte, where she spent significant time working on behalf of the firm’s National Office to incorporate forensic accounting methodologies into the audit approach in response to Statement on Auditing Standards No. 99, Consideration of Fraud (“SAS 99”) and Sarbanes-Oxley.