Patricia Woodbury is a Managing Director in the Forensic Accounting & Advisory Services practice within the Forensic & Litigation Consulting segment at FTI Consulting and is based in Washington, DC. She is a CPA, CFE and CFF.
Pat has more than 35 years of experience gained through consulting and at the Public Company Accounting Oversight Board (PCAOB), the U.S. Securities and Exchange Commission (SEC), in corporate financial management and public accounting. She provides expert, advisory consulting and investigative services related to technical accounting, auditing, financial reporting, professional responsibility, FCPA and other SEC related issues.
Pat’s experience includes assisting companies with the analysis, accounting and disclosure for various complex transactions including financing, acquisitions and divestitures across a variety of industries such as manufacturing, pharmaceutical, energy, technology, leisure and financial services. She has assisted companies with the restatement of financial information as a result of accounting errors, in responding to comments raised by the SEC’s Division of Corporation Finance and other communications with the SEC. She has advised companies on accounting issues such as revenue recognition, asset impairment, inventory, financial instruments, allowance for loan losses and the issuance of debt and equity instruments. In addition, she has provided assistance to public and pre-IPO companies with SEC filings, including “pre-reviews” prior to filing and advised registered accounting firms in their interactions with the PCAOB.
Pat’s experience also includes financial fraud investigations, forensic accounting, FCPA investigations, compliance reviews and other litigation support. She has provided expert opinions related to internal control over financial reporting, SEC reporting and the responsibilities of auditors.
Pat was an Associate Director in the Division of Enforcement and Investigations at the PCAOB. During her tenure there, she was responsible for a number of investigations to determine if violations of the Sarbanes-Oxley Act, the rules of the PCAOB or the provisions of the federal securities laws relating to the preparation and issuance of audit reports had occurred.
Earlier in her career Pat spent nine years at the SEC in the Division of Corporation Finance, the last six of which she spent as an Assistant Chief Accountant. During that time, she supervised a team of accountants in the review of registrant financial reporting and guided the resolution of technically difficult accounting and disclosure issues for companies in various industries including financial institutions, retail, health care, real estate, mining, chemical, utility and other consumer related product industries. Subsequent to the SEC, she gained experience in corporate financial management, first at a public company in the nuclear fuel industry and later at a pre-IPO high-technology company.
Pat holds a B.B.A with a concentration in Accounting from the University of Michigan.