Evidentia was engaged by counsel representing the buyer of a business to determine if the seller’s financial statements were prepared in accordance with Generally Accepted Accounting Principles.  These financial statements were part of the seller’s disclosure statement in connection with the purchase agreement.  Evidentia’s investigation revealed that the seller lacked proper internal controls surrounding its fixed assets.  While fixed assets constituted 60% of the seller’s total assets, 30% of the fixed assets, mostly equipment parts, did not exist at the balance sheet date.