Cathy Connolly has more than 20 years of forensic accounting, complex business litigation and audit experience.
She has worked on a variety of accounting-related forensic and litigation matters, including investigations of improper financial reporting and financial statement restatements; internal controls remediation; merger and acquisition litigation disputes and pre-litigation assessments; damages and other analyses for litigation matters involving complex financial and accounting issues; and various special audits and investigations.
Cathy has led and been involved with many accounting and financial disclosure-related matters on behalf of company management and Audit and Special Committees of Boards of Directors on accounting matters, including U.S. Securities and Exchange (“SEC”) investigations, and on matters involving companies in various industries, including high technology, healthcare and medical devices, software, manufacturing, transportation and logistics and client services.
Representative engagements include issues such as improper revenue recognition, reserve manipulation and the interpretation of Generally Accepted Accounting Principles (“GAAP”), alleged violations of Generally Accepted Auditing Standards (“GAAS”), employee and executive fraud and defalcation, related party transactions, and accounting record reconstruction issues. Cathy has also led teams in white collar defense matters.
Prior to joining StoneTurn, Cathy worked in dispute consulting and audit roles at Big Four firms. She is a Certified Public Accountant (licensed in the Commonwealth of Massachusetts) and Certified in Financial Forensics.
Cathy is a Board Member and Treasurer of the Mountain Play Association in San Rafael, CA.
Turn to Catherine
Q: Can you give an example of StoneTurn’s lean and efficient approach?
In urgent and complex investigations and litigation matters, we ensure that the professionals who perform the initial document and e-mail reviews have a significant level of continuity in also being the team that performs the subsequent analyses. This approach provides the necessary background information to those who need it most from the very start. With more experienced professionals participating in the document review phase, the size of the review team is kept lean, since the reviews are conducted more efficiently and are more effectively connected to the work going forward. We have found this lean and efficient approach enables us to be more effective in assisting counsel not only with the accounting analyses, but also in preparing presentations to boards and regulators, as well as depositions.
Q: StoneTurn is known for being collaborative. Describe for us how the firm is able to work so seamlessly with clients and as colleagues.
StoneTurn’s leadership emphasizes a culture that ensures those who are best suited for a given client assignment are involved with that assignment. We incentivize our professionals through collaboration rather than competition. As a result, the professionals with the most relevant experience and skill sets are selected to manage matters from the outset. Not only does this collaborative approach provide clients with a higher quality of work, but the structure also supports effective, high-level collaboration with attorneys and clients’ executive management teams.
Q: What do you believe sets StoneTurn apart?
StoneTurn’s unique ability to present its professionals’ technical strengths in an energetic and enjoyable atmosphere under sometimes stressful and contentious circumstances is what sets the firm apart. Clients appreciate our confidence, expertise and results-oriented approach. In every matter, of course, our focus is on helping clients to solve problems and achieve the best outcomes. While our work is serious, we strive to create a positive working environment in every matter and have even been known to have some fun along the way. This has often led to repeat clients, not just amongst external counsel, but company executives too.