About Brian P. Loughman Brian P. Loughman is a Partner at Floyd Advisory. He has extensive experience advising outside counsel, executive management, and other stakeholders on a wide range of forensic and integrity related matters. Brian’s clients have included Fortune 500 companies, private entities and various law firms. He has managed numerous investigations and remediation efforts for audit committees, management, trustees, and outside counsel. Investigative topics have included accounting fraud and restatement issues; bribery and corruption; trade compliance; and occupational fraud and money laundering. Brian’s experience also includes leading cross-cultural teams investigating and remediating potential corruption violations in Asia, Latin America, Africa, the Middle East, Central and Eastern Europe. Prior to joining Floyd Advisory, Brian was the Global Markets and Americas Leader for Ernst & Young LLP’s Forensic & Integrity Services practice. He was also a member of Ernst & Young LLP’s Americas Assurance Leadership team. He is a Certified Public Account in New York, Certified in Financial Forensics (CFF), and a fellow of the Institute of Chartered Accountants, Ireland. Brian has spoken extensively on topics including investigative and integrity issues, anti-corruption compliance, and other related issues. He is the co-author of “Bribery and Corruption – Navigating the Global Risks.” About Floyd Advisory Floyd Advisory LLC is a consulting firm providing financial and accounting expertise in the areas of accounting advisory, SEC reporting, transaction analysis, business strategy, forensic accounting, fraud investigations, and valuation. Our team has significant experience analyzing accounting transactions and guidance in various settings, including business disputes, board-level investigations, white-collar defense matters, and bankruptcy settings. We have the skills and credentials necessary to gain the respect and confidence of the executive suite, company boards, the courts, regulators, and law enforcement professionals. Contact Brian P. Loughman Partner, Floyd Advisory 1 Penn Plaza, Suite 3310 New York, NY 10119 Tel: +1 646.449.7268 Email: bloughman@floydadvisory.com www.floydadvisory.com Given the potential for regulatory implications, how do you coordinate with regulatory authorities during an accounting investigation? Counsel typically manages the process with the regulators and will inform our approach, but we will often be involved and can bring context to the accounting issues at hand as well as internal control over financial reporting and material weakness or restatement issues (if applicable). In my experience, when dealing with the Securities and Exchange Commission, there will usually be an accounting person assigned alongside the lawyers. We can help build a relationship with that person and provide relevant information if instructed by counsel to do so. Similarly, I have interacted with CPAs from the Federal Bureau of Investigation when engaging with the Department of Justice on certain matters. EXPERT INSIGHT 35
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