2021 AICPA & CIMA Forensic & Valuation Services Conference

Nov 8, 2021 ‐ Nov 10, 2021



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. 

Packages Display Packages

This includes sessions from the conference: 2021 AICPA & CIMA Forensic & Valuation Services Conference

Sessions Included:

Advanced Issues in Personal Injury and Wrongful Death Matters (Nov 09, 2021 02:50 PM)

Casinos and Online Gaming: Money Laundering Risks and Countermeasures (Nov 09, 2021 01:10 PM)

Active vs. Passive Appreciation: Overview and Examples (Nov 08, 2021 01:45 PM)

Virtual Testimony--- How to Testify in Today's Courtroom (Nov 10, 2021 08:40 AM)

Hot Seat - Intro to Testifying at Deposition & Trial (Nov 09, 2021 01:10 PM)

How to Make Sense of a "Noisy" Prior Year(s) (Nov 08, 2021 11:30 AM)

The Inclusion Imperative: Talking Talent (Nov 08, 2021 11:30 AM)

Annual Damages Case Law Update (Nov 08, 2021 03:25 PM)

Elder Fraud Including Fraud Committed Against their Estates (Nov 10, 2021 07:00 AM)

Career & Business Development in Times of Disruption (Nov 08, 2021 01:45 PM)

The Business Valuator "Hired Gun": The Rogue, the Bad, and the Ugly (Nov 10, 2021 07:00 AM)

Estate Planning - Advising Clients in an Uncertain Environment (Nov 10, 2021 08:40 AM)

Shareholder Oppression: Advising Clients on Shareholder Disputes (Nov 08, 2021 01:45 PM)

Tricky Valuation Issues (Nov 09, 2021 02:50 PM)

Intro to Damages: The Intersect of Law and Financial Analyses (Nov 08, 2021 09:50 AM)

The Valuation Conclusion Synthesis of Multiple Methods: The Why & How of Using Multiple Methods (Nov 08, 2021 09:50 AM)

Expert Hot Tubbing - How Experts Can “Soak Up” the Experience to Their Advantage (A Case Study) (Nov 08, 2021 09:50 AM)

Key Valuation Issues in Matrimonial Litigation (Nov 08, 2021 09:50 AM)

Clearing the Fog from Financial Forecasts (Nov 08, 2021 11:30 AM)

Use of Cash - Identification of Unreported Income (Nov 09, 2021 11:20 AM)

Emergence from Bankruptcy through Fresh-Start Reporting (Nov 08, 2021 11:30 AM)

Issues in Valuing Small Businesses (Nov 09, 2021 11:20 AM)

Being Right Isn't Always Enough: Strategies for Presenting Persuasive Expert Trial Testimony in Complex Damages Cases (Nov 08, 2021 01:45 PM)

Healthcare and Valuation: Current Trends and Implications to the Industry (Nov 08, 2021 01:45 PM)

Not All Working Capital is Created Equal (Nov 08, 2021 03:25 PM)

Fraud Risk Assessments (Nov 08, 2021 03:25 PM)

COVID-19 and the Path to Recovery — Lessons Learned About Cost of Capital (Nov 08, 2021 03:25 PM)

Don’t miss the Bar: Standards and Ethics (Nov 08, 2021 03:25 PM)

Prejudgment Interest (Nov 09, 2021 11:20 AM)

Attorney's Perspectives: Good v. Great Expert Witness Testimony (Nov 09, 2021 11:20 AM)

Valuation implications related to Special Purpose Acquisition Companies (SPACs) - Non-traditional Public Offerings (Nov 09, 2021 11:20 AM)

Costs Matter! - Deeper Dive (Nov 09, 2021 01:10 PM)

Private Equity Secondaries and Co-Investment: Where Private Equity and Venture Capital is Moving and How Valuators Can Add-Value (Nov 09, 2021 01:10 PM)

Report Writing for Forensic Engagements (Nov 09, 2021 02:50 PM)

Designing and Conducting Internal Investigations: The Role of Outside Counsel and Forensic Experts (Nov 09, 2021 02:50 PM)

Power Excel - Power Applications for the Forensic Accountant (Nov 08, 2021 11:30 AM)

Business Impacts of Data Breaches (Nov 10, 2021 07:00 AM)

Valuation & ESG (Nov 10, 2021 07:00 AM)

Can Lost Profits Exceed the Value of the Business? (Nov 10, 2021 08:40 AM)

Valuing Digital Assets / Cryptocurrencies (Nov 10, 2021 08:40 AM)

Pandemic Fueled Prosecutions: The Rise of White Collar Criminal and Regulatory Enforcement on Main Street USA (Nov 10, 2021 08:40 AM)

Lease Valuation Issues in Business Combination and Impairment Testing (Nov 10, 2021 10:10 AM)

Government Benefits Related Fraud (Nov 10, 2021 10:10 AM)

Complex Support and Property Division Dissolution Issues: Considerations of Alternative Asset Management, Equity and Deferred Compensation (Nov 10, 2021 10:10 AM)

Valuation Considerations of Distressed Companies and Bankruptcy Considerations (Nov 10, 2021 11:40 AM)

Construction Claims – Damages Calculations and Analysis (Nov 10, 2021 11:40 AM)

409A Valuations and Other Complex Securities Valuations (Nov 10, 2021 11:40 AM)

Interpreting and Using Market Multiples in a Valuation (Nov 09, 2021 01:10 PM)

Marketability Discounts - Current Trends and Techniques (Nov 10, 2021 10:10 AM)

FVC OQP Discussion (Nov 09, 2021 09:15 AM)

FVC OQP Discussion 2 (Nov 09, 2021 10:55 AM)

Standard: $459.00

Sessions

Intro to Damages: The Intersect of Law and Financial Analyses

Nov 8, 2021 9:50am ‐ Nov 8, 2021 11:05am

Identification: FVC2102

Session covers legal and financial aspects of damages. The session will provide a primer on understanding commercial damages from a legal perspective, including types of damages and remedies. The session will review the role financial professionals play in quantification of damages, including professional standards, methods and analyses.

Learning Objectives:
  • Identify types of damages and remedies in litigation
  • Evaluate professional standards applicable to financial professionals performing damage assessment engagements
  • Identify components of lost profits damages measurements, including elements, methodology and financial analyses
  • Recognize other types of damages measurements
Speaker(s):
Standard: $49.00

The Valuation Conclusion Synthesis of Multiple Methods: The Why & How of Using Multiple Methods

Nov 8, 2021 9:50am ‐ Nov 8, 2021 11:05am

Identification: FVC2103

There are three approaches to value: Income, Cost, Market approach and each approach looks at a business in different, but important ways. If you are doing the valuation and the approaches all come up with very different values, reconciling the approaches can be an important task in arriving at a reliable and supportable fair market value. This sessions will delve into ways to reconcile the approaches to arrive at values that corroborate each other.

Learning Objectives:
  • Outline the 3 approaches and the important assumptions that are used in the approaches
  • Discuss how the assumptions in each of the methods correlate to other assumptions in the other methods
  • Discuss ways to adjust assumptions made to better correlate each of the approaches
  • Walk through valuation examples that initially start being far apart and to correlate and arrive at a better supported valuation conclusion
Speaker(s):
  • Lisa Cribben, CPA, ABV, ASA, CMA, Partner, Valuation and Transaction Services, Wipfli LLP
  • Natalya S. Abdrasilova, CPA/ABV, MAFF, CVA, Director of Valuation & Litigation Services, Boyle, Deveny, & Meyer PC
Standard: $49.00

Expert Hot Tubbing - How Experts Can “Soak Up” the Experience to Their Advantage (A Case Study)

Nov 8, 2021 9:50am ‐ Nov 8, 2021 11:05am

Identification: FVC2105

The strategy of expert hot-tubbing has been used in a mediation, arbitration and pre-trial settings to assist counsel and the trier of fact in exploring and understanding complex expert analysis and opinions. This course will walk through a case study of an arbitration where the experts testified during a hot-tubbing session with the ability to openly question each other and discuss complex accounting issues, assumptions, and opinions to better-educate both Counsel and the Triers of Fact – in this case, an arbitration panel of attorneys and a judge.

Learning Objectives:
  • • Learn about different expert hot-tubbing strategies
  • • Explore both the advantages and risks of expert hot-tubbing
  • • Tips on the do’s and don’ts during expert hot-tubbing
Speaker(s):
Standard: $49.00

Key Valuation Issues in Matrimonial Litigation

Nov 8, 2021 9:50am ‐ Nov 8, 2021 11:05am

Identification: FVC2106

In this panel, Brian Schwartz and Stacy Collins will cover hot tips on a variety of challenging issues in matrimonial litigation. These will include but are not necessarily limited to: 1) Issues for jointly retained experts; 2) Difficulties in discovery; 3) Multiple valuation dates; 4) Effect of COVID on business valuation and income; 5) Reviewing books and records; and 6) Personal versus enterprise goodwill.

Learning Objectives:
  • To discuss strategies for dealing with difficult valuation issues
  • To present both the expert and attorney view on how to handle challenging issues in matrimonial litigation
  • To address the unique challenges in the role of a jointly retained or court appointed expert
Speaker(s):
  • Stacy P. Collins, CPA, ABV, CFF, Managing Director, Financial Research Associates
  • Brian Schwartz, Attorney at Law, Managing Member, Schwartz Vinhal & Lomurro Family Law, LLC
Standard: $49.00

How to Make Sense of a "Noisy" Prior Year(s)

Nov 8, 2021 11:30am ‐ Nov 8, 2021 12:45pm

Identification: FVC2109

Put simply, 2020 was a "noisy" year for many subject companies valued by our industry; however, beyond 2020, our profession evaluates subject companies going through volatile periods as well as industries that benchmark differently than the general economy frequently. These analyses may require extra analyses to assess appropriate estimations of normalized ongoing levels. Determining appropriate adjustments, margins, earnings, sales levels, etc, can provide to be a more rigorous analysis than otherwise in a mature business within a stable industry.

Learning Objectives:
  • Understand why there is not one single formula or rule of thumb for estimation of ongoing levels
  • Evaluate the appropriateness for adjustments in a volatile year and how these analyses must be performed in conjunction with estimating 'ongoing levels'
  • Determine additional valuation considerations to review and assess
Speaker(s):
Standard: $49.00

The Inclusion Imperative: Talking Talent

Nov 8, 2021 11:30am ‐ Nov 8, 2021 12:45pm

Identification: FVC2110

The Inclusion Imperative - We will be joined by Withum's Chief Talent Officer, Theresa Richardson and Director of Inclusion & Diversity, Bill Bradshaw for a fireside chat on all things talent including how to attract, retain and develop top talent. Though candid conversations, Theresa and Bill will share how Withum's efforts has enabled an engaged workforce through inclusion, diversity and equity.  Through these efforts, Withum has become a catalyst for growth and success making the firm a great place to work.

Learning Objectives:
  • You will walk away with a business case around Inclusion and Diversity.
  • As a result of the pandemic, we will share best practices around recruiting, self care and team member engagement.
Speaker(s):
Standard: $49.00

Power Excel - Power Applications for the Forensic Accountant

Nov 8, 2021 11:30am ‐ Nov 8, 2021 12:45pm

Identification: FVC2111

This hands-on session will focus on Excel-based "Power" tools! We will explore Power Query which supercharges Excel's ability to connect, transform, combine, and load data. Additionally, we will explore Power Pivot which allow us to analyze large volumes of data from various sources and quickly present findings through Pivot Tables and Pivot Charts. Participants will have the ability to work through multiple real-world FVS use-cases using financial and non-financial data during the session.

Learning Objectives:
  • Utilize Excel's Power Query tool to create an index of documents received from counsel.
  • Utilize Power Query to un-pivot data tables.
  • Explore Power Query tools to help import, clean, and transform data.
  • Creating the link between external data and Excel's Power Pivot Data Model.
Speaker(s):
Standard: $49.00

Clearing the Fog from Financial Forecasts

Nov 8, 2021 11:30am ‐ Nov 8, 2021 12:45pm

Identification: FVC2107

Quantifying what the future holds for companies is integral in valuation and forensic engagements and has never been more challenging. Economic contraction, expected recovery, political climate, supply chain disruption, and environmental regulations are just some of the factors impacting cash flow forecasts. This session will focus on navigating the uncertainty to prepare defendable cash flow forecasts. We will explore methods for preparing forecasts as well as resources and approaches to support the forecast assumptions. After attending this program, participants will be able to identify factors to consider in preparing forecasts, how to develop and support forecast assumptions, and resources to substantiate assumptions.

Learning Objectives:
  • Identify qualitative and quantitative factors impacting the future cash flow for companies
  • Apply methods for developing and evaluating forecast assumptions
  • Using independent resources to support assumptions
Speaker(s):
Standard: $49.00

Emergence from Bankruptcy through Fresh-Start Reporting

Nov 8, 2021 11:30am ‐ Nov 8, 2021 12:45pm

Identification: FVC2108

Each bankruptcy is unique. And while facts and circumstances may vary from case to case, US GAAP requires the adoption of ASC 852, Reorganizations while an entity is in Chapter 11. “Accounting follows the legal” is a phrase often referenced when applying ASC 852, which is also viewed as a "presentation" standard for financial reporting.

This session is designed to introduce the fundamentals of a Chapter 11 bankruptcy, focusing on reorganizations, and the US GAAP presentation under ASC 852 .... at the bankruptcy petition date, during the bankruptcy, and at emergence. The session will focus on the emergence accounting model discussed within ASC 852, known as Fresh-Start Reporting, and the financial statement presentation impacts of that accounting model.

Learning Objective:
  • Awareness of bankruptcy timelines, key milestones in a reorganization case, and terminology used in the Court and in accounting and reporting
Speaker(s):
Standard: $49.00

Active vs. Passive Appreciation: Overview and Examples

Nov 8, 2021 1:45pm ‐ Nov 8, 2021 3:00pm

Identification: FVC2113

This seminar will present a quantitative approach for estimating active and passive appreciation of an ownership interest in a closely held business for purposes of equitable distribution in divorce. A case study illustrating the method will be presented.

• Review of representative case law and professional treatises

• Analysis of appreciation resulting from passive factors such as market forces and the efforts of third parties

• Analysis of appreciation attributable to the active efforts of the parties

• Case study illustrating the method.

Learning Objectives:
  • To provide participants with an understanding of the relevant case law and principals relating to the treatment of active and passive appreciation
  • To provide participants with a model for quantifying the active and passive components of appreciation
​Speaker - Virtual(s):
Standard: $49.00