- about Giovanni
- in-depth expertise
- examples of engagements
Giovanni Foti is a partner at Accuracy. He has over 25 years of professional experience in audit and financial consulting and is specialised in Fraud Investigation & Dispute Services.
Giovanni focuses on fraud investigations, forensic accounting and compliance risk management. As a Certified Chartered Accountant (Dottore Commercialista), he has performed valuations and financial analysis, appraisals and fairness opinions.
Before setting up Accuracy’s Italian office, Giovanni worked as an Executive Director in the Fraud Investigation & Dispute practice of Ernst & Young, focusing on fraud investigations, litigation, arbitration, expert witness, forensic accounting and compliance risk management. Prior to joining the Fraud Investigation & Dispute Services, he gained extensive experience as an auditor in Arthur Andersen.
Giovanni is also a Certified Chartered Accountant and Certified Public Accountant (CPA).
Giovanni speaks Italian and English.
Qualifications
- Graduated in Economics – Cattolica Sacro Cuore, Milan
- Certified Public Account
- Dottore Commercialista (Certified Chartered Account)
Giovanni has been involved in analysis and computation of accrued damages and forgone profit in litigation and arbitration cases as well as analysis and validation of the gross margin of carve-outs in sell-side, litigation and criminal proceeding situations.
Giovanni has been recognised as an Italian representative for “Corporate Fraud & Corruption” in the Financier Worldwide – Corporate Finance Intelligence Annual Review 2017
Fraud, Litigation & Arbitration
- Quantum/Delay analysis for two Italian train manufacturers (prelitigation/litigation)
- Financial valuation of losses resulting from a delay to delivery and of warranties and penalties of long-term contract.
- Quantification of profit damages and loss in a dispute over delays to completion of a long-term construction contract
- Quantification of damages and causalities resulting from a fraud by ex-Directors of Banca Marche, admitted to extraordinary administration proceeding by “Ministero Economia e Finanze”
- Technical scrutiny of events relating to sanctioning proceedings notified by Banca d’Italia to an Italian financial services company
- Fraud investigation, gap analysis and stress test of 231 model of banks and corporates
- Mapping/design/implementation of procedures to manage/monitor a long-term contract order
- Support to licensors in licensing management projects (anticounterfeiting/“grey market”)
- Expert advisor engaged by Special Manager appointed by Italian Economy Minister in bankruptcy procedure of a large company
- Conducted investigation for a government agency to verify the reliability of cost statements by a hospital for governmental contributions
Valuation
- Valuation of the carve-out of a French energy multinational group and expert appraisal for the contribution-in-kind of the business to a new company
- Valuation of a carve-out business of a French multinational operating in rail transport markets and expert appraisal for the contribution-in-kind of the business of train maintenance.
- Appraisal valuation of the fair value of certain assets in the course of purchase price allocation for the acquisition of a target in the pharmaceutical business
- Valuation of the fair value of the intangible asset Commercial Licenses related to a Retail Park located in Italy
- Expert appraisal valuation for a listed company related to the contribution in kind of a business unit in Newco according to Italian law (art. 2465 Civil Code)
- Expert appraisal valuation for a listed company related to the contribution in kind of a business unit in Newco according to Italian law (art. 2465 Civil Code)
- Determined fair value of assets in the context of the PPA in accordance with IFRS3 for the acquisition of a company operating in the pharma industry