Elaine Harwood is an expert in financial accounting, reporting and auditing, who is well known for her considerable experience regarding high-profile securities class actions.
Elaine Harwood heads Cornerstone Research’s accounting practice. She consults to clients on securities litigation, complex enforcement matters related to the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB), and corporate investigations
Dr Harwood is an expert on financial accounting, financial reporting and auditing. She has served for more than 15 years as a consultant and expert on a wide range of liability and damages issues.
Dr Harwood has worked with clients and experts in prominent securities class actions. Her experience includes analysis of loss causation and damages in disclosure cases for clients in a wide range of industries, including financial institutions, consumer products, communications, technology, and energy.
Her expertise includes all phases of SEC and PCAOB enforcement activity, from informal investigations through to trial or administrative hearings. Dr Harwood has addressed allegations related to adequacy of disclosures, financial reporting fraud, appropriateness of audit procedures, and alleged FCPA violations. She is an authority on several US accounting standards and principals (as well as governmental accounting standards and IFRS).
Dr Harwood has co-authored several articles and publications, including Cornerstone Research’s annual report on accounting class action filings and settlements. She speaks widely to legal and trade audiences on trends and new developments in litigation and regulatory enforcement. She is a member of the advisory council of the SEC and the Financial Reporting Institute at the University of Southern California.
Before joining Cornerstone Research, Dr Harwood was a professor at Boston College. She is a certified public accountant (CPA), is certified in financial forensics (CFF) by the AICPA, and has a PhD in business administration with a concentration in accounting.