Dispute Resolution

Chess Consulting provides expert testimony and consulting to assist companies and their legal counsel with disputes involving accounting, damages, and regulatory compliance matters. We provide clients with expert accounting, financial, and compliance capabilities to assist with disputes and litigation in a variety of areas.

 

Areas of expertise on dispute resolution matters include, but are not limited to:

  • Accounting Malpractice
  • Bid Protests
  • Business Valuation
  • Commercial Damages
  • Damage Analysis
  • Forensic Accounting
  • Government Contracting
  • Insurance Claims
  • Intellectual Property
  • Labor and Employment
  • Purchase/Sale Transactions

Related Content

Recent Updates to the Service Contract Labor Standards and Davis-Bacon Act

The U.S. federal government mandates certain wage standards for companies performing on government contracts. Two of the most significant pieces of legislation in this realm are the Service Contract Labor Standards (SCLS), formerly the Service Contract Act, and the Davis-Bacon Act (DBA). While both acts aim to ensure fair wages for workers, they cater to different sectors. The SCLS focuses on service employees in contracts with the federal government, whereas the DBA is specific to federal construction contracts. Given the complexities of these acts and the recent updates, understanding their intricacies is crucial for contractors to ensure they are meeting the pay requirements therein.

ASBCA Claim Decision

On May 4, 2024, the Armed Services Board of Contract Appeals (“ASBCA”) awarded nearly $4.9 million in damages plus Contract Disputes Act interest to Konecranes Nuclear Equipment Services, LLC (“Konecranes”) due to a breach of contract by the Navy. The breach of contract stems from the Navy’s unjust refusal of a delivery of cranes that met contractual requirements.

Internal Audit and Government Contract Compliance: Working Together to Gain Efficiencies and Increase Effectiveness

Over the years in working with varying clients and meeting Government Contract Compliance (“Compliance”) and Internal Audit (“IA”) leadership, we continue to find that in many cases these functions/organizations rarely communicate and seem to be fairly siloed with minimal coordination in achieving their missions. This can happen for any number of reasons; including for example, the additional time required for Compliance to coordinate and support IA assessments, the potential view that IA’s role and experience focus on financial statement reporting controls and wouldn’t be particularly helpful to Compliance, or fear of increased scrutiny resulting in unnecessary and unwanted attention from executive management. Although it is understandable that certain Compliance leaders are hesitant to work with IA, there is good reason for Compliance to consider increasing their coordination with them.

Financial Reporting Update: May 2024

Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, AICPA and PCAOB.