Forensic accounting experts are also hired by defendants in fraud cases.
Some accounting experts ask if such relationships can lead to conflicts of interest.
But according to other accounting experts, the dispute underscores how outmoded the current independence standards are.
That person, who will be a lawyer with expertise in insurance, will put together a team of legal and forensic accounting experts.
The rating agency's accounting experts will gather their information largely by talking to management about company financial filings.
Over the last several years, independent accounting experts have attacked the Big Five as being too close to their large corporate clients.
Calling on an accounting expert, ey showed that at no time did public funds flow to the project.
Mr. Sorkin declined to identify the accounting experts, but said he would do so "in due course."
It "found serious flaws with more than half of the audits," said one accounting expert familiar with the report.
Jack Ciesielski, an accounting expert, also has some advice for investors about the rampant funny numbers out there.