Forensic & Valuation Services Conference 2019

Nov 4, 2019 ‐ Nov 6, 2019


Come to Las Vegas this November for timely updates, cutting-edge information on new technology, and quality networking with other forensic accounting and valuation professionals. You’ll head back to the office with your finger on the pulse of change and an optimized strategy for the future.

The accounting profession is constantly evolving, and our conference is no different. This year our agenda was carefully crafted to provide learning geared towards your career stage. Our committee of thought leaders created each session with a specific audience in mind to ensure that everyone receives the customized learning they need to push their career, and the profession, forward.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 


Sessions

Forensic Accounting Experts in Corporate Investigations

Nov 4, 2019 4:00pm ‐ Nov 4, 2019 5:15pm

Identification: FVC1910

Operation Minutes : 75

A panel comprised of experienced practitioners discuss practical issues and potential pitfalls that arise in the context of internal investigations. The panel will offer insights on lessons learned in prior investigations and also discuss several investigations that suffered from serious missteps. This session will review the forensic accountants role in internal corporate investigations. It will explore how the forensic accountant works with In-House and Outside Counsel in these type of engagements. There will be an Outside Counsel and In-House Counsel co-presenting with the forensic accountant to ensure a view from the various perspectives of the scope, duties, and various tasks the forensic accountant my be asked to due by counsel. In addition, there will be a discussion of the legal framework and limitations that the forensic accountant needs to be aware of when assisting in internal corporate investigations.

Learning Objectives:
  • Distinguish the various roles and duties forensic accountants can perform in an internal corporate investigation.
  • Analyze real life case examples where the FLVS professional assisted in internal corporate investigations.
  • Apply the risks factors and legal framework in which the FLVS professional must work.
Speaker(s):
Standard: $49.00

Cautionary Tales of Valuation Adjustments & Potential Forensic Implications in Legal Proceedings

Nov 4, 2019 4:00pm ‐ Nov 4, 2019 5:15pm

Identification: FVC1911

Operation Minutes : 75

Valuations of a closely held business in the context of litigation such as in a contentious divorce, shareholder dispute, damages matter or other litigated corporate matter can be multifaceted and may require additional forensic investigative scrutiny. As such, it is important to consider the potential forensic implications of valuation adjustments as they may lead to other analyses. For example, in a divorce business appraisal, a valuation adjustment for discretionary (personal) expenses may, in turn, provide an implied “true income” and pay ability of a spouse. In a dissenting shareholder matter, a valuation adjustment to true-up margins for variations in expenses not consistent with the industry/peers may insinuate dissipation of business assets and require further forensic investigations. These are but two examples - this session will address other examples you will likely face.

Learning Objectives:
  • Evaluate financial statement adjustments and corresponding implications.
  • Interpret the need for forensic services as a result of valuation adjustments, such as tracing services, income determination, and other analyses.
Speaker(s):
Standard: $49.00

Neutralizing Damages for Tax Consequences

Nov 4, 2019 4:00pm ‐ Nov 4, 2019 5:15pm

Identification: FVC1912

Operation Minutes : 75

Courts have accepted the increase or “gross-up” of damages claims to account for an increase in taxes owed on a lump-sum award versus the taxes that would have been owed but-for the alleged wrongful act. The presentation will touch on supportive case law and methods for quantifying such impacts.

Learning Objectives:
  • Understand the types of damages claims that may necessitate consideration of tax neutralization damages.
  • Learn approaches to quantifying tax neutralization damages.
Speaker(s):
Standard: $49.00

Transaction Structures and Impact on Value

Nov 4, 2019 4:00pm ‐ Nov 4, 2019 5:15pm

Identification: FVC1913

Operation Minutes : 75

Structuring a business sale transaction can affect the cash flow from a potential sale as well as the taxes that would be paid on a sale. The structure ultimately affects the value a buyer is willing to pay or a seller is willing to accept for a transaction. In this presentation you will learn about how the structure of a transaction could affect the ultimate cash flow a seller receives and impacts the price the parties negotiate.

Learning Objectives:
  • Differentiate between transaction structures
  • Determine how transaction structure can impact value
Speaker(s):
Standard: $49.00

Financial Statement Analysis: Forecasting & Macroeconomics

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1914

Operation Minutes : 50

In measuring economic damages, or in assessing business value, the economic environment within which a business operates is commonly a key factor. As economic conditions change, so too may expectations of a business’s future financial performance. This course will introduce core macroeconomic principals and resources to consider in assessing, or defending, the reasonableness of your projections.

Learning Objectives:
  • Identify and explain economic cycles and their commonly associated business conditions;
  • Describe the impact of monetary and fiscal policy on business lifecycles and cost of capital;
  • Evaluate and differentiate the impact of national versus local economic conditions on a business.
Speaker(s):
Standard: $49.00

International Investigation: Blurred Lines - Investigating Fraud Across Borders

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1915

Operation Minutes : 50

The purpose of this session is to provide insights into conducting international investigations from both a legal and accounting perspective. The session will explore challenges and solutions faced while performing investigation across borders.

Learning Objectives:
  • Identify what to do first in the preliminary phase of investigating fraud internationally
  • Mobilize resources in other jurisdictions
  • Vet 3rd party vendors
  • Determine how to recover assets in other jurisdictions and the available legal remedies internationally
Speaker(s):
Standard: $49.00

Communicating Complex Financial Topics

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1916

Operation Minutes : 50

As financial analysts and experts we are often required to explain complex financial topics to the layperson; whether a judge, a jury, or even our client. This session will provide helpful techniques to improve your ability to communicate effectively and persuasively with an audience that may not share your unique knowledge and experience with a complex topic. Specific techniques covered will include effective use of visual communication tools.

Learning Objectives:
  • Identify your audience and their pre-existing knowledge.
  • Choose visual presentation methods suitable to your audience and your data.
  • Differentiate between core and unnecessary information.
Speaker(s):
Standard: $49.00

Forensic Accounting & Fraud Investigations 2030

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1917

Operation Minutes : 50

We will discuss technology changes that will impact the profession over the next 5 to 10 years.

Learning Objectives:
  • Participants will be able to identify new and emerging technologies that will likely impact the accounting profession.
  • Participants will gain a basic understanding of new technologies.
Speaker(s):
Standard: $49.00

Personal Goodwill - What is Important and What is New

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1918

Operation Minutes : 50

Personal goodwill continues to be a popular topic for business valuation professionals. While it is primarily used in divorce situations, it has other implications such as tax transactions. This presentation will delve into the three components of goodwill as well as discuss related topics. Case law in this area continues to expand and will also be discussed in the presentation.

Learning Objectives:
  • The participant will learn the definitions of goodwill
  • Recall the three components of goodwill and how they are applied in practice
  • Recognize methods of allocation goodwill among its components
  • Recall important case law in the area of goodwill and its components, including new cases
Speaker(s):
Standard: $49.00

SSFS 1 - The New Forensic Standards (Repeated in Session 39)

Nov 4, 2019 5:25pm ‐ Nov 4, 2019 6:15pm

Identification: FVC1919

Operation Minutes : 50

The session will provide a deeper dive into the new SSFS 1 set to roll out in 2020. Speakers will provide practitioners with the tools to know when to apply SSFS 1, how to deal with cross examination and deposition questions regarding the requirements of SSFS 1, how to testify in a fraud case under SSFS 1, and discuss some of the common questions and FAQs about SSFS 1 during the exposure period.

Learning Objectives:
  • Apply SSFS 1
  • Recall SSFS 1 deposition & cross examination implications
  • Testify in a fraud case under SSFS 1
Speaker(s):
Standard: $49.00
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