This includes sessions from the conference: 2021 AICPA & CIMA Forensic & Valuation Services Conference
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.Speaker(s):
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.
Experienced trial counsel and consultants will share successful strategies that have helped experts in complex damages cases testify more persuasively at trial. This panelists will discuss how experts can present damages as a compelling story and how they can effectively use graphics to help jurors better understand complex damages concepts and calculations.Speaker(s):