Cindy Yu has more than 18 years of experience in forensic accounting, fraud investigations, internal audit, and complex business litigation. Specifically, she focuses on internal investigations, fraud prevention, anti-corruption compliance assessments and litigation consulting.
She has provided litigation consulting in purchase price disputes, bankruptcy matters, and in a large variety of civil securities cases such as class actions, derivative actions, and enforcement proceedings initiated by the U.S. Securities and Exchange (“SEC”) and other regulators.
Working with private and public companies across various industries, she has led and conducted investigations on a broad range of matters, including violations of the U.S. Foreign Corrupt Practices Act (“FCPA”), revenue recognition, reserve manipulation, accounting for stock options, the misapplication of Generally Accepted Accounting Principles (“GAAP”), as well as other financial statement misstatements. She has also led and participated in various engagements involving intellectual property damages, financial due diligence and regulatory compliance.
Cindy’s expertise extends across numerous industries, including consumer products, financial services (broker dealers and banks), real estate, accounting, aviation, automotive, pharmaceutical, technology, telecommunication, leasing, energy, entertainment, retail, food and agricultural products, non-profit, construction and manufacturing.
Prior to joining StoneTurn, Cindy served as a Director with Alvarez & Marsal’s Dispute and Investigation practice in San Francisco. Previously, she was with the Forensic Accounting Group of Morrison & Foerster, where she provided litigation consulting and forensic investigative services to attorneys. Before that she worked as a senior forensic accountant for a national accounting firm. Cindy began her career as a financial analyst and an internal auditor with DHL.
Cindy is a Certified Public Accountant (licensed in the state of California). She is also a Certified Fraud Examiner and Certified in Financial Forensics with the American Institute of Certified Public Accountants.
She is fluent in written and spoken Chinese (Mandarin and Cantonese).
Turn to Cindy
Q: Every day, StoneTurn professionals help clients untangle complex problems. Can you give us an example of a great client challenge you faced and how you successfully solved it?
I was a primary investigator in a matter involving a securities broker / dealer with an online auction platform that wanted to determine if FINRA regulations pertaining to fiduciary duties had been violated, and if so, to determine the potential damages. To meet this challenge, I had to gain a thorough understanding of the intricacies of Dutch auctions and understand the complex way that bidding strategies affect auction results, as well as manage voluminous amounts of bidding data. I interviewed key brokers, auction operations staff, compliance staff and the auction database architect. Armed with the information gathered from interviews, document reviews and analyses of auction results, I helped to create simulation models of auction results that demonstrated minimal economic damages to the customers of the client which, in turn, led to the successful settlement of this case in favor of our client.
Q: Can you give an example of StoneTurn’s lean and efficient approach?
Unlike larger firms that have a tendency to over-staff engagements, StoneTurn staffs its engagements in an organic and scalable way to best meet the needs of its clients. For example, in a recent engagement for a software firm involved in a dispute with its business partner, we initially staffed a Partner and a Senior Consultant in the first phase of the project in which we assisted in the discovery process. I joined the team during phase two of the engagement, when expertise in financial statement misstatements was required.
Q: Clients also give StoneTurn high marks for being extremely responsive. Can you tell us about a time when you saw this in action?
We served as consultants in a complex shareholder lawsuit between a private equity firm and a large recycler of refinery and natural gas byproducts. Due to circumstances beyond our control, the preparation period for 70 depositions was reduced from one month to one week. Our team sprang into action by quickly and efficiently analyzing tens of thousands of pages of documents, gathering relevant facts, summarizing key points, and highlighting areas that required more probing during depositions. Our client was not only impressed with our exceptional responsiveness, but also with the stellar quality of our work product despite a challenging deadline.