Senior Managing Director, Ankura Consulting Group
Steven Richards is a Senior Managing Director at Ankura in the Washington, DC office. He has over 20 years of experience involving internal and forensic accounting investigations and analysis, issues surrounding Generally Accepted Accounting Principles, Public Company Accounting Oversight Board rules and standards, and independence matters. He has extensive litigation consulting, complex data analysis, forensic accounting, and auditing expertise. Steven has assisted in a variety of investigations, working with both internal and outside counsel in representing boards of directors, special committees, and senior management. These complex investigations have involved financial restatements, Section 10A examinations, and whistleblower allegations regarding revenue recognition (including premature revenue recognition practices such as revenue recognition where risk of loss had not passed to the customer, channel stuffing and bill-and-hold transactions), derivative financial instruments, securitizations, vendor allowances, inventory accounting, and other issues around the interpretation and application of GAAP and PCAOB standards.