Karen Engstrom
Managing Director
Quick facts
20 years of experience consulting on a wide range of damages, valuation and investigative issues
Provider of expert testimony, damage assessments, valuation analysis and other consulting services
CPA, Accredited in Business Valuation (ABV), and Certified Fraud Examiner (CFE)
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Karen Engstrom is a Managing Director with Alvarez & Marsal Disputes and Investigations in Phoenix.

Ms. Engstrom is an experienced consulting and testifying expert, specializing in accounting, dispute and forensic analysis, bankruptcy litigation, valuation, and other litigation services. Her primary areas of concentration are damage assessments, expert witness reports, and business valuations in the context of complex disputes, forensic accounting, and fraud-related matters.

With 20 years of dispute and forensic experience, Ms. Engstrom has provided dispute advisory services in commercial litigation and bankruptcy proceedings involving valuation matters, post-acquisition disputes, lost profits and loss of business value, breach of contract disputes, employment discrimination, fraudulent transfers, professional malpractice, and a variety of other commercial damages.  Ms. Engstrom has also provided forensic and investigative services and has conducted various types of compliance audits. 

Ms. Engstrom has worked with clients across a wide range of industries, including construction, real estate, healthcare, financial services, gaming, government, multi-level marketing, private equity, professional services, retail, technology, and transportation.

Prior to joining A&M, she served as a director with a publicly-traded litigation consulting firm. Previously, she was with the forensic and dispute practices of both 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), a Certified Fraud Examiner (CFE), and a member of the American Institute of Certified Public Accountants (AICPA), the Arizona Society of Certified Public Accountants (ASCPA) and the Association of Certified Fraud Examiners (ACFE).