Andrew
Hayes
Partner
Andrew Hayes is a forensic accounting expert with over 30 years’ experience advising on cross-border disputes, regulatory investigations, and financial analysis. With a wealth of experience in investment and capital management across a variety of sectors, he offers expertise in complex accounting issues, financial modeling, and valuation, often supporting clients in high-stakes litigation and disputes, tax controversy, and intercompany pricing matters.
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Before joining FRA, Andrew worked as an investment analyst at Perbak Capital, focusing on identifying and monitoring investments across sectors. Previously, he led Citadel’s Forensic Research team, overseeing accounting and financial reporting analysis on US GAAP, IFRS, SEC, and tax issues. He also served as a Director at Huron Consulting Group, handling disputes, litigation, and investigations.
- Software Company: Led investigation into a short seller’s allegations regarding fraudulent revenue recognition by a former NASDAQ-listed software company in connection with one of the largest US self-disclosures of fraud, with findings presented to the SEC, DOJ and FBI.
- Medical Diagnostics Company: Led an investigation into whistleblower allegations regarding accounting irregularities, kickback schemes, and internal control weaknesses.
- Multinational Pharmaceutical Company: Managed a $6 billion transfer pricing litigation engagement, which included preparing product line profit and loss and financial statements spanning 30 years and assisting in negotiations with the IRS regarding a financial records stipulation agreement.
- Publisher: Prepared an expert report in connection with an income tax dispute involving the structure and characterization of a complex reorganization of a client in the publishing industry, opining on the application of consolidation and equity accounting methods and SEC reporting requirements.
- Truck Manufacturer: Identified accounting irregularities and fraudulent activity at a truck manufacturer and assisted the company with restating its internal financial reports.
- Technology Hardware Company: Investigated shareholder allegations of improper revenue recognition practices at a major internet and networking products manufacturer.
- Retail Company: Performed a solvency analysis of a retail company in connection with a fraudulent conveyance case and provided opinions to counsel regarding various GAAP issues and bond indenture covenants.
- US Utility Companies: Developed a complex pro forma financial model for a group of northeast US electric utilities, analyzing the impact of a proposed restructuring of electric transmission markets and entities.
Biography
Andrew Hayes is a forensic accounting expert with over 30 years’ experience advising on cross-border disputes, regulatory investigations, and financial analysis. With a wealth of experience in investment and capital management across a variety of sectors, he offers expertise in complex accounting issues, financial modeling, and valuation, often supporting clients in high-stakes litigation and disputes, tax controversy, and intercompany pricing matters.
Awards & Recognition
