David Daly

Director
212.497.4168

Mr. Daly is a Director in Houlihan Lokey’s Financial and Valuation Advisory business. His primary responsibilities include providing clients contract compliance, forensic accounting, investigative, post-acquisition purchase price dispute, and commercial litigation services. Mr. Daly is based in the firm’s New York office.

A seasoned forensic accountant, Mr. Daly brings over three decades of accounting, auditing, and financial consulting expertise to his clients. He specializes in preparing financial analysis, calculating financial damages, and explaining accounting issues to clients facing crisis situations such as litigation, arbitration, mediation, regulatory inquiries, and allegations of financial reporting improprieties and asset misappropriations. In non-crisis situations, Mr. Daly’s clients engage him to investigate the financial reporting his clients received from business partners and determine if such reporting and resultant payments comport with relevant provisions of contracts and license agreements. Mr. Daly, a recorded music and advertising industry subject matter specialist, brings his expertise to diligence procedures, securitizations, and thought leadership pieces.      

In a litigation setting, Mr. Daly renders expert witness testimony or consulting support on such topics as accounting and contract-related financial issues. In an alternative dispute resolution setting, he has served as an independent accounting neutral and often helps clients and their counsel prepare post-acquisition purchase price dispute submissions for consideration by accounting neutrals. As a forensic accountant and financial investigator, Mr. Daly has led high-profile internal investigations for such clients as WorldCom and Bally Total Fitness as well as many internal financial investigations that did not cross the headlines.

Mr. Daly’s contract compliance activities (also commonly known as “royalty audits”) test that licensees have delivered the agreed services required and correctly calculated and paid clients the fees or royalties due to them.    

Over his career, Mr. Daly has successfully completed engagements for clients in many diverse industries, including recorded music, filmed entertainment, live entertainment, advertising, financial information, publishing, healthcare, consumer products, real estate, insurance, telecommunications, higher education, online learning, and construction.

Mr. Daly graduated from Villanova University with a B.S. in Accountancy. He holds a New York State Certified Public Accountant (CPA) license and earned both the Certified in Financial Forensics (CFF) credential from the American Institute of Certified Public Accountants (AICPA) and the Certified Fraud Examiner (CFE) designation from the Association of Certified Fraud Examiners. Mr. Daly is a member of the AICPA and the New York State Society of Certified Public Accountants (NYSSCPA), for which he sits on the NYSSCPA’s Professional Ethics Committee. 

 

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