In recent years, there has been a significant increase in the usage of RWI. This trend is driven by an increase in overall M&A activity and also through buyers’ and sellers’ increased understanding of the benefits that can be derived from RWI. The increase in usage of RWI has naturally led to an increase in the number of the RWI claims being filed, with many larger claims stemming from breaches of financial statement representations.
KPMG Forensic provides consulting and expert services to all parties that may be involved in a RWI claim related to financial statement representations. Our practice consists of substantive specialists with deep experience acting in consulting and testifying roles related to RWI claims. KPMG Forensic acts as consultants and experts to insurers and insureds who are evaluating potential or actual RWI claims.
- Parties involved in RWI
- Types of specific representations and warranties insured
- The underwriting process
- Description of typical representations and warranties
- Recovery of losses
- Resolution of claim
- Role of the practitioner/accountant