The AICPA's Statement on Standards for Valuation Services (SSVS) and the International Valuation Standards (IVS) -  a discussion intended to provide the conceptual framework of how to prepare an IVS compliant valuation for valuation analysts who are more accustom to preparing valuations in accordance with SSVS.

This forum will focus on our proposed five-year FVS Strategic Plan. We will begin by taking a quick look at the top accomplishments in 2022 and then look forward to how we can continue to build a successful community and brand. Attendees will be encouraged to participate by suggesting topics and initiatives that align with our Strategic Goals to best serve the needs of our members.

This session is relevant to forensic accountants that prepare income stream analyses for family matters. Without a forensic analysis, the courts and mediators will rely only on available documentation such as income tax returns – but what if the lifestyle indicates that the income far exceeds what is reported to the revenue authorities? Using my experience gained in the 28 plus years I worked at Canada Revenue Agency as an auditor and criminal investigator, I will go through techniques to identify, quantify and present ‘real’ income for purposes of determining support entitlements in family litigation.

This session will cover common types of financial statement manipulation across various accounts (i.e., revenue, expenses). Participants will learn about red flags associated with prevalent fraud schemes and techniques for investigating potential financial statement fraud. Session will also cover auditors' responsibilities related to fraud detection, trends in auditor malpractice litigation, and discuss case studies.

In a turbulent economy with transactional values and volume down from 2021 peaks, private equity and venture capital sponsors have had many concerns- and opportunities.

PE and VC valuation expert and M&A advisor Justin Kuczmarski, CPA/ABV/CFF/CEIV will cover advanced valuation topics and delve into investment manager trends and concerns.

The goal is to update intermediate and advanced practitioners across advanced techniques, applications, and broader market intelligence.

In our industry, planning ahead has arguably never been more challenging. The past may hold some answers, but emerging trends pose new and unique questions. To help you and your colleagues create a confident future, experienced accounting leader Brad Preber will share the insights he has developed throughout his 40-year career. In sharing his story, Brad will reflect on where we’ve been, where we’re going, and the lessons that will get us where we need to be. Preber is the recently retired CEO of Grant Thornton LLP -- and a frequent and highly-rated speaker for the AICPA.

This presentation will provide an introductory overview of common approaches for calculating damages in different types of intellectual property disputes. Topics will include foundational case law and key considerations in the calculation of damages in the form of lost profits, reasonable royalty, and disgorgement of profits in disputes involving patents and other types of intellectual property.

Focus on wrongful termination, discrimination, damages cases

With the increase in Cyber related insurance claims, the need for forensic accountants to assist with claims preparation has grown (significantly). This session will review the role of a forensic accountant, what is covered in different policy forms and how cyber Business Interruption claims are measured along with other helpful information when preparing and reviewing claims.

This presentation discusses the unique challenges of valuing carried interest in private equity and venture capital funds. We will review the most common types of distribution waterfalls. We will then present a case study of how to build a discounted cash flow model using a basic fund structure of 2/20 with a European waterfall and an estimated fund life of 10 years. We will discuss how to develop model assumptions from key terms in a fund's legal agreements (PPM and operating agreement) using a top-down methodology. We will illustrate an example of an option pricing model as applied to carried interest valuation. We will present an example of Monte Carlo simulation, and highlight its key assumptions. Finally, we will provide our perspective on how to select a suitable valuation approach for carried interest, after considering data availability, characteristics of expected cash flows, and risk features of the underlying funds.