Lynn Turner, CPA
Lynn E. Turner is a managing director focusing on forensic accounting at LitiNomics. With more than 30 years of business, regulatory, corporate board, and academic experience, Mr. Turner is a noted expert on financial reporting requirements, corporate governance standards, and economic risk. At LitiNomics, Mr. Turner focuses on complex investigations regarding financial reporting and misappropriation of assets as well as various aspects of corporate governance, securities litigation, accountant liability, and technical accounting matters. He has testified on numerous occasions before Congress and served as an arbiter.
Having worked at the Securities and Exchange Commission as well as being a member of boards of public companies, Mr. Turner has a unique perspective on financial reporting, auditing, and corporate governance issues. Mr. Turner has served on boards of public companies including chairing their audit committees, as a trustee of a mutual fund, and currently serves as a trustee of a $40 billion pension fund. He has held positions as a professor of accounting, a partner in a major international auditing firm, the managing director of a research firm, and a chief financial officer. In 2007, Treasury Secretary Paulson appointed him to the Treasury Committee on the Auditing Profession. Mr. Turner was also actively involved in the legislative process leading up to passage of the Sarbanes-Oxley Act.
Mr. Turner served as the Chief Accountant of the Securities and Exchange Commission (SEC) from July 1998 to August 2001. As chief accountant, Mr. Turner was the principal advisor to the SEC chairman and commission on auditing and financial reporting and corporate governance matters. The issues on which Mr. Turner advised include the oversight and development of U.S. auditing, accounting, and disclosure standards, as well as matters affecting audit committees of public companies. Mr. Turner was one of the principal authors of the SEC Staff Accounting Bulletin No. 99 - Materiality. He was also actively involved with the SEC’s rulemaking with respect to disclosures by foreign issuers. In his capacity as the chief accountant of the SEC, Mr. Turner has also worked regularly with Congress, various federal and state government agencies, and international regulators.
Prior to the SEC, he spent 20 years with Coopers & Lybrand (now PricewaterhouseCoopers), where he was a national SEC review partner and head of its national high technology audit practice.