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Stock and Content Losses
Floods, fires, roof collapses, theft and other unforeseen occurrences often result in stock & contents losses. When organizations around the world need to place a value on materials that are damaged or no longer exist, they hire MDD.
As the world’s premier forensic accounting firm, we help our clients determine the proper value of raw material, work-in-progress and finished goods that were lost or damaged as a result of an unexpected event.
SERVICES
In cases of destroyed and out-of-sight inventory, our experts analyze the financial records to verify their existence and value. Our skilled professionals can also perform tests for obsolete and slow-moving inventory.
We provide these services to help determine the value of stock and contents matters:
- Conduct test counts on a statistical basis to verify inventory accuracy
- Perform price tests on sample items to determine original or replacement cost
- Examine observed physical inventory prior to the loss
- Conduct a roll-forward analysis of all inventory transactions up to the date of loss and up to the date of the post-loss inventory
- Perform cut-off tests at pre-loss and loss dates to determine inventory received and dispersed
- Oversee and perform count of remaining inventory
- Validate original purchase dates and replacement dates
- Verify ownership
- Expert and consulting witness testimony
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
Property Damage and Derechos
On 29th June 2023, a rare type of storm called a "derecho" swept across the Midwest region of the United States, mostly impacting the states of Missouri, Illinois and Iowa. The derecho began as a rotating supercell thunderstorm that spawned...
Claim Considerations Related to the Beirut Port Explosion – Part 2
On 17 October 2019 large numbers of protesters began appearing in Martyrs Square, Nejmeh Square, and Hamra Street, as well as many other areas of Beirut and throughout Lebanon. The reasons for the protests are wide reaching from a social,...
Business Interruption Loss – The Interaction between Inventory Losses and Business Interruption Claims
This article explores the areas of overlap between insurance coverage for inventory loss and business interruption. In the event of physical damage to inventory, different policies provide different valuations, including: replacement cost, actual cash value, historical cost or selling price. ...
The Forensic Accountant’s Role in a Large Loss
No matter how well a risk management team has planned for it, actually dealing with a catastrophe can be a distracting and stressful financial challenge. The adjuster's ability to manage his resources and work through the complex claim issues that...
