MCA Financial Group was retained by counsel to the board of a large Native Corporation to conduct a sensitive and complex internal investigation into allegations of financial misconduct at the executive level. The client is a major regional player across the U.S. and internationally, with over one million acres of land under management.
The board faced serious concerns following allegations that members of the executive team directed the misrepresentation of certain accounting information including the alteration of accounting records. MCA was brought in to independently assess potential violations of accounting principles and evaluate the financial implications of these claims.
Our team conducted a thorough review of financial records, board materials, and internal communications. We assessed the materiality of disputed accounting, performed in-depth accounting research, and applied both GAAP and specialized regulatory frameworks governing the native corporations to determine proper accounting treatment.
This engagement posed unique challenges. Accounting standards specific to native corporations —rooted in federal statute—differ from GAAP and required research, knowledge and careful interpretation. Additionally, conflicting accounts and delayed disclosures required MCA to maintain agility while ensuring analytical rigor.
To support long-term governance improvements, MCA provided the board with actionable findings, developed best practices to reduce risk of recurrence, and proposed enhancements to internal financial review processes and external audit protocols.
This matter exemplifies MCA’s commitment to independence, precision, and trusted advisory in high-stakes corporate investigations.