Karen Engstrom

Managing Director
25+ years of experience in forensic accounting, economic damages, and business valuation
Testifying expert on matters in federal court, state court, and in both domestic and international arbitration
CPA, ABV, and CFE
Phoenix
@alvarezmarsal
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Karen Engstrom is a Managing Director with Alvarez & Marsal Disputes and Investigations in Phoenix. She is an experienced consulting and testifying expert in forensic accounting, economic damages, business valuation, and solvency.

With more than 25 years of experience, Ms. Engstrom has provided affirmative and rebuttal expert testimony in trial, deposition, arbitration, and mediation, regarding calculations of lost profits, lost business value, and lost earnings, as well as business valuation, retrospective solvency analyses, and forensic accounting matters.

Ms. Engstrom has prepared expert reports and advised independent parties and boards on a variety of accounting, damages, and valuation issues in commercial litigation and bankruptcy-related matters, including claims related to breach of contract, fraudulent conveyance, accounting malpractice, fraudulent financial reporting, breach of restrictive covenant agreements, unfair competition, post-acquisition disputes, trademark infringement, and wrongful termination. She has also performed fraud investigations and compliance audits.

Ms. Engstrom has worked with clients in various industries, including aerospace, automotive, casino/gaming, chemicals, commodities, construction, consumer products, financial services, government, healthcare, intellectual property, manufacturing, network marketing, private equity, professional services, real estate, retail, technology, and transportation.

Prior to joining A&M, Ms. Engstrom was with the Forensic and Disputes practices of FTI Consulting, KPMG, and Arthur Andersen.

Ms. Engstrom earned a bachelor’s degree in accounting from the University of Arizona. She is a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), and a Certified Fraud Examiner (CFE), as well as a member of the American Institute of Certified Public Accountants (AICPA), the Arizona Society of CPAs (ASCPA), the Association of Certified Fraud Examiners (ACFE), the Association of Insolvency & Restructuring Advisors (AIRA), and the International Women’s Insolvency & Restructuring Confederation (IWIRC).

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