Thumbnail for 2024 AICPA & CIMA Forensic & Valuation Services Conference

2024 AICPA & CIMA Forensic & Valuation Services Conference



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This includes sessions from the conference: 2024 AICPA & CIMA Forensic & Valuation Services Conference

Sessions Included:

Let’s Have a Chat: Applying ChatGPT and Other Large Language Models to the Practice of Forensic Accounting (Oct 29, 2024 10:55 AM)

Macroeconomic Update 2024 - Cost of Capital & Valuation Impact (Oct 28, 2024 09:50 AM)

Considering Alternative Causes of Loss in Lost Profits Calculations (Oct 28, 2024 09:50 AM)

Valuation Case Law Update (Oct 29, 2024 10:55 AM)

Valuation of Startup Companies (Oct 28, 2024 09:50 AM)

Proving Solvency (Oct 28, 2024 09:50 AM)

Lost Profits (and Other Damages) in Trademark Cases (A Case Study) (Oct 28, 2024 11:15 AM)

Congratulations. You’re the Post M&A Accounting Neutral. How Will You Rule? (Oct 28, 2024 11:15 AM)

You Prepare Them, So What’s It’s Like to Review IRC 409A or ASC 718 Valuations? An Auditor and Valuation Reviewer’s Perspective to Help You and Your Clients (Oct 28, 2024 11:15 AM)

Introduction to Shareholder Disputes (Oct 28, 2024 11:15 AM)

Fraud Hot Topics (Oct 28, 2024 01:30 PM)

Litigation Talk Series - Decoding the Courtroom: Perspectives on Expert Testimony from Lawyers and Judges (Oct 28, 2024 01:30 PM)

All in the Family—Related Party Companies in Divorce (Oct 28, 2024 01:30 PM)

Advanced Topics in ESOP Valuations (Oct 28, 2024 01:30 PM)

Don’t be Blindsided by Frauds That Lie Just Beneath the Surface… Consider Applying Alternative Approaches To Your Fraud Investigations (Oct 28, 2024 03:10 PM)

Litigation Talk Series - Demystifying Daubert (Oct 28, 2024 03:10 PM)

Techniques Utilizing AI for Valuation of Private Companies (Oct 28, 2024 03:10 PM)

Transforming the Next Generation of Accounting, Forensic and Valuation Professionals (Oct 28, 2024 03:10 PM)

FVS Forum, followed by the Awards Presentation (Standing Ovation and Volunteer of the Year) (Oct 29, 2024 09:00 AM)

Unlocking Trust & Estate Litigation: Litigators' Perspective (Oct 29, 2024 01:10 PM)

Discount Rates in Lost Profits Damages (Oct 29, 2024 01:10 PM)

Using Monte Carlo in Valuations Effectively (Oct 29, 2024 01:10 PM)

A Deep Dive into Cecil v. Commissioner – Shedding Light on the Selection of Valuation Approaches and Tax Affecting S Corporations (Oct 29, 2024 01:10 PM)

Fraud Trends in Enforcement Actions (Oct 29, 2024 02:10 PM)

Tax Affecting – The Debate Continues (Oct 29, 2024 02:10 PM)

The Role of Market Data in the Valuation of Real Estate Holding Entities (Oct 29, 2024 02:10 PM)

The Role of a Forensic Accountant in a Class Action Dispute (Oct 29, 2024 03:50 PM)

BV Subsequent Events/What is Known and Knowable? (Oct 29, 2024 03:50 PM)

BVFLS 3.0: Harnessing AI to Transform Your Practice (Oct 29, 2024 03:50 PM)

Navigating Financial Expert Witness Services in Family Law: An Introductory Guide (Oct 29, 2024 03:50 PM)

Piercing the Corporate Veil: The Accountant's Role in Alter Ego Claims (Oct 30, 2024 08:00 AM)

Source Documents—Real or Fake? (Oct 30, 2024 08:00 AM)

Valuation Performance Framework Update (Oct 30, 2024 08:00 AM)

Valuing a Cash Business (Gasp!) (Oct 30, 2024 08:00 AM)

Mastering the Evidence: The Crucial Role of Data Management for Expert Witnesses (Oct 30, 2024 09:00 AM)

Determining the Appropriate Discount Rate for Valuing Intangible Assets in a PPA (Oct 30, 2024 09:00 AM)

How to Treat “Right of Use” Assets in Valuations (Oct 30, 2024 10:15 AM)

Can Virtual Mentors Revive Our Pipeline? (Oct 30, 2024 09:00 AM)

Anatomy of an Expert Report (Oct 30, 2024 10:15 AM)

Market Approach - Using General Market Multiples and Adjusting For Company Characteristics (Oct 30, 2024 09:00 AM)

Financial Valuation Applications and Models Text - New 5th Edition (Oct 30, 2024 10:15 AM)

Avoiding Bias and Remaining Objective As An Expert Witness – Professional Judgment and Decision Making (Oct 30, 2024 10:15 AM)

Lost Earnings: Quantifying Damages in Wrongful Termination, Personal Injury, and Wrongful Death Matters (Oct 30, 2024 11:15 AM)

Introduction to Lost Profits Methodologies (Oct 30, 2024 11:15 AM)

Estate Planning With The Anticipated Change in 2025 (Oct 30, 2024 11:15 AM)

Ethical Vigilance: Recognizing Red Flags and Equipping Staff with Professional Integrity in Client Interactions (Oct 30, 2024 11:15 AM)

$459
Standard Price
  • Thumbnail for Considering Alternative Causes of Loss in Lost Profits Calculations
    Identification
    FVC2402
    Date
    October 28, 2024

    This session will address the consideration of alternative causes of loss in evaluating lost profits damages. Specifically, it will incorporate relevant legal considerations and damages issues that may arise.

    Objectives

    • Distinguish relevant legal issues concerning consideration of alternative causes of loss when bringing or responding to a lost profits claim.
    • Identify potential damages considerations that may arise in preparing or reviewing lost profits claims where evaluation of alternative causes of loss is a relevant consideration.

    Speakers

    Speaker Image for Stuart Miller
    Director, Berkeley Research Group
    Speaker Image for Liz Ryan
    Partner, Gibson Dunn & Crutcher LLP
    $49
    Standard Price
  • Thumbnail for Macroeconomic Update 2024 - Cost of Capital & Valuation Impact
    Identification
    FVC2403
    Date
    October 28, 2024

    In 2022, major central banks embarked on one of the fastest rate hiking cycles in history in their attempt to control a surge in inflation. Inflation has been coming down rapidly in the U.S. and elsewhere, but has yet to reach the 2.0% central bank target. Market participants are now expecting the U.S. economy will achieve a soft landing, but are split on when will the Fed cut short-term policy rates to a more neutral level. Political uncertainty will also be high, as we approach U.S. Presidential elections. Depending on election promises, a significant increase in the U.S. debt load could place upward pressure on long-term interest rates. Join Carla Nunes and James Harrington (both in Kroll) as they deliver a global economic and financial market update and discuss the related impact on cost of capital assumptions and valuation analyses.

    Objectives

    • Analyze the impact of the COVID-19 pandemic and subsequent monetary and fiscal policies and their lasting effect on valuation analyses.
    • Determine the adjustments that may be needed to projected growth in cash flows (e.g., long-term growth rates).
    • Identify cost of capital inputs in the current environment (e.g., cost of debt, risk-free rate, equity risk premium).

    Speakers

    Speaker Image for James Harrington
    Director, Kroll
    Speaker Image for Carla Nunes
    Carla S. Nunes, CFA, ABV
    Managing Director, Kroll
    $49
    Standard Price
  • Thumbnail for Valuation of Startup Companies
    Identification
    FVC2404
    Date
    October 28, 2024

    This session will explore various perspectives and uses for valuation of start up companies. Participants will overview the lifecycle of an early-stage business. Corresponding to each phase of a company’s development, the session will detail the valuation methodologies available as well as the key inputs and assumptions.

    Objectives

    • Identify the stages of development for start-up companies.
    • Identify the valuation methods available at each stage of development.
    • Analyze recent funding rounds and market changes to benchmark calibration.

    Speakers

    Speaker Image for Ross McSwain
    Ross McSwain, ASA, ABV
    Senior Manager - Advisory Services, Grant Thornton
    Speaker Image for Charles Gallman
    Charles W. Gallman, CFA, CPA/ABV
    Managing Director - Advisory Services, Grant Thornton LLP
    $49
    Standard Price
  • Thumbnail for Proving Solvency
    Identification
    FVC2405
    Date
    October 28, 2024

    The session will focus on the evaluation of a targets solvency.  The session will discuss the three accepted methods, as well as alternatives and special considerations involved in the assessment.

    Objectives

    • Identify the methods of demonstrating insolvency/solvency.
    • Compare the mechanics and considerations of the three methods.

    Speakers

    Speaker Image for Kenneth DeGraw
    Kenneth DeGraw, CPA CFF CFE CFP
    Partner, WithumSmith+Brown, PC
    Speaker Image for Dean Driskell
    Dean Driskell, CPA, ABV, CFF, CFE, MBA
    Executive Vice President, JS Held
    $49
    Standard Price
  • Thumbnail for Lost Profits (and Other Damages) in Trademark Cases (A Case Study)
    Identification
    FVC2406
    Date
    October 28, 2024

    This session will offer an overview of lost profits and other damages in trademark cases and a detailed case study.  The session will cover the basics of business valuation, setting the foundation for intellectual property (IP) valuations.  The case study focuses on the loss of phantom equity in a trademark case.

    Objectives

    • Identify business valuation principles as a foundation for IP valuations.
    • Distinguish IP and intangible asset valuations under the cost approach and income approach-relief from royalty method; the excess earnings method; and the differential method.
    • Recognize loss of phantom equity in a trademark case.

    Speaker

    Speaker Image for Benjamin Thomas
    Senior Director, Alvarez & Marsal Valuation Services, LLC
    $49
    Standard Price
  • Thumbnail for Congratulations. You’re the Post M&A Accounting Neutral.  How Will You Rule?
    Identification
    FVC2407
    Date
    October 28, 2024

    Accounting neutrals (sometimes described as “accounting arbitrators”) play a pivotal role in resolving post-closing M&A disputes via a form of extrajudicial alternative dispute resolution. Participants in this session will explore the different services and various issues that may be addressed by an accounting neutral — and be introduced to key “how to” considerations for a CPA who is appointed to this role. 

    In this session, we will cover the following topics:

    • Considerations for being engaged as an accounting neutral
    • Common causes of M&A related disputes
    • Addressing common non-accounting disputes (discovery issues, timeliness issues, etc.)
    • The dispute resolution process
    • Common pitfalls

    Objectives

    • Identify the types of services an accounting neutral provides and may not provide.
    • Identify the common accounting and non-accounting issues that give rise to disputes.
    • Identify common pitfalls of being an accounting neutral and learn how to avoid them.

    Speakers

    Speaker Image for James Agar
    James J. Agar, CPA, CFF, CFE, CIRA
    Managing Director, EisnerAmper (Eisner Advisory Group LLC)
    Speaker Image for Frank Dery
    Frank L. Dery, CPA, CFF, CFE
    Managing Director, BERKELEY RESEARCH GROUP, LLC
    $49
    Standard Price
  • Thumbnail for You Prepare Them, So What’s It’s Like to Review IRC 409A or ASC 718 Valuations? An Auditor and Valuation Reviewer’s Perspective to Help You and Your Clients
    Identification
    FVC2408
    Date
    October 28, 2024

    One of the most common types of valuation is for IRC 409A or ASC 718 purposes, typically of common stock for option granting purposes. While there have been many presentations about the technical merits of preparing these valuations, the goal of this session is to present the reviewer's perspective at top public accounting firms. This can help you prepare and appreciate audit reviews and ensure your documentation facilitates the review process.

    Objectives

    • Distinguish fair value measurements and working with specialist auditing standards.
    • Identify common review perspectives of internal valuation specialists in the audit review process.

    Speakers

    Speaker Image for Jason Woon
    Jason Woon, CPA/ABV
    Partner, Armanino
    Speaker Image for Michael Dragiev
    Michael Dragiev, CPA, CIA
    Chief Auditor, Armanino
    Speaker Image for Greg Russ
    Greg Russ, ABV, ASA
    Director, Forvis Mazars, LLP
    $49
    Standard Price
  • Thumbnail for Introduction to Shareholder Disputes
    Identification
    FVC2409
    Date
    October 28, 2024

    Shareholder dispute engagements entail both forensic and valuation components. This session will provide a foundation for basic knowledge, from both legal context and real case applications, so that FVS professionals can properly plan and perform the forensic and valuation analyses in which the cases entail.

    Objectives

    • Identify common issues that arise in disputes among owners/shareholders/partners.
    • Recognize how to plan and perform procedures related to common areas of disagreement amongst owners/shareholders/partners.

    Speakers

    Speaker Image for Nicole Lyons
    Nicole D. Lyons, CPA/CFF, CVA
    Partner, WithumSmith+Brown, PC
    Speaker Image for Christopher Nadeau
    Christopher Nadeau, CPA, CVA, CMA
    Manager, WithumSmith+Brown
    $49
    Standard Price
  • Thumbnail for Fraud Hot Topics
    Identification
    FVC2410
    Date
    October 28, 2024

    As fraud schemes evolve and regulatory pressure intensifies, forensic professionals must stay ahead of the curve. Join forensic specialists Jonathan T. Marks, Howard Silverstone, and Fred Kohm as they dissect the most pressing fraud hot topics that have defined 2024. This session is designed to give attendees practical tools and insights to tackle these challenges head-on, safeguard their organizations, and navigate the shifting regulatory landscape.

    Key Topics Covered:

    • Rise in Financial Statement Fraud- Explore common fraud schemes (e.g., revenue recognition and expense understatement), examine case studies, and discover best practices for internal audits and controls to prevent these activities.
    • Regulatory Actions and Penalties- Gain insights into these significant regulatory actions, learn the key components of an effective compliance program, and explore strategies to strengthen internal audits and governance practices to mitigate risks.
    • Inadequate Internal Controls- Understand the most common internal control deficiencies, explore case studies of fraud due to inadequate controls, and discover practical steps to improve control environments, including automation and regular assessments.
    • Global Regulatory Initiatives- Stay updated on the latest global regulatory requirements, learn how to manage cross-border risks, and understand the role of international cooperation in combatting financial crime.

    Objectives

    • Identify the latest trends and regulatory actions affecting financial fraud.
    • Analyze recent SEC and DOJ enforcement cases, with insights into compliance and governance improvements.
    • Recognize practical tools for strengthening internal controls and mitigating fraud risks.
    • Identify and equip yourself with knowledge on global regulatory initiatives and cross-border compliance challenges.

    Speakers

    Speaker Image for Howard Silverstone
    Howard Silverstone, MBE, CPA, CFF
    Executive Vice President, JS Held
    Speaker Image for Jonathan Marks
    Jonathan T. Marks, CPA, CFF, CITP, CGMA, CFE, & PI
    Partner - Forensic & Investigation Services, BDO
    Speaker Image for Frederick Kohm
    Partner, Grant Thornton Advisors LLC
    $49
    Standard Price
  • Thumbnail for Litigation Talk Series - Decoding the Courtroom: Perspectives on Expert Testimony from Lawyers and Judges
    Identification
    FVC2411
    Date
    October 28, 2024

    This session will be a discussion with a seasoned trial attorney and financial experts who will share their insights, guidance and expertise about best practices and tactics on the working relationship between lawyers and experts. Learn how attorneys and experts can work together to prepare for any situation, from client engagement, report preparation/delivery, deposition and trial. Discuss what lawyers look for in working with financial experts, and understand what the court's view of the expert role is and how that may differ from the lawyers and client's viewpoint.

    Objectives

    • Differentiate the attorney’s role and the financial expert’s role.
    • Identify the range of matters on which accountants are asked to provide expert witness testimony.
    • Identify how to prepare for expert witness testimony in depositions and trial, including direct and cross examination.
    • Recognize other issues that expert witnesses should consider when dealing with engagement differences with counsel and client.

    Speakers

    Speaker Image for Hubert Klein
    Hubert Klein, CPA, ABV, CFF, CGMA, CVA, CFE
    Partner, Eisner Advisory Group, LLC
    Speaker Image for Brian Oates
    Partner, Jackson Walker LLP
    Speaker Image for Tami Clemenza
    Tami Clemenza, CPA, CFF, MST
    Partner, Eisner Advisory Group LLC
    $49
    Standard Price
  • Thumbnail for All in the Family—Related Party Companies in Divorce
    Identification
    FVC2412
    Date
    October 28, 2024

    Karolina Calhoun and Kevin Segler will cover all things related party in divorce valuation, including entity structure issues, multilayering with discounts, and tracing marital versus separate asset ownership with complex multi-entity ownerships. We will also discuss related parties in the business and said impact on ownership, valuation, and division—including the consideration of classes of stock in division, such as GP versus LP or voting versus nonvoting.


    Objectives

    • Assess the complexities of related party issues in a marital dissolution.
    • Interpret examples of multi-layered entity ownership and potential issues.
    • Evaluate the impacts from these situations on property division and other considerations.

    Speakers

    Speaker Image for Karolina Calhoun
    Karolina Calhoun, CPA, ABV, CFF
    Senior Vice President, Mercer Capital
    Speaker Image for Kevin Segler
    Shareholder, KoonsFuller, P.C.
    $49
    Standard Price
  • Thumbnail for Advanced Topics in ESOP Valuations
    Identification
    FVC2413
    Date
    October 28, 2024

    Valuation advisors play a vital role throughout the lifecycle of an employee stock ownership plan (ESOP). During the formation process, valuation advisors work with a trustee team, including legal counsel, to develop an appraisal of the subject company, negotiate the terms of the transaction, and issue a fairness opinion. Once established, valuation advisors complete an annual appraisal to set the share price for plan administration and redemptions in the normal course of business. At each step of the lifecycle, valuation advisors are required to consider ESOP specific regulations promulgated by the U.S. Department of Labor, the fiduciary duty of the trustee, and the impact of a leveraged buyout on the future cash flows of the subject company. 

    This session will discuss what valuation experts should expect and consider when evaluating ESOP Transactions such as:

    • The role of valuation services at each step of the ESOP lifecycle.
    • Common reasons for the dissolution of an ESOP and the implications for both sellers and buyers.
    • The roles of each member of a “trustee team.”
    • Common pitfalls or sticking points during the negotiation process.
    • Common adjustments to consider when valuing ESOPs (e.g., officer’s compensation).

    Objectives

    • Differentiate between a valuation for an ESOP formation transaction and a typical business valuation.
    • Identify what constitutes a well-rounded fairness opinion that protects both the trustee and valuation advisor.
    • Distinguish important considerations when completing annual appraisals once the ESOP is established.
    • Identify how valuation advisors can most effectively work with trustees and legal counsel.

    Speakers

    Speaker Image for Laurie-Leigh White
    Laurie-Leigh White, CPA/ABV, ASA
    Partner, The BVA Group
    Speaker Image for Sam Makin
    Vice President, BVA Group
    Speaker Image for Todd Omer
    Trustee, Legacy Fiduciary Services, LLC
    Speaker Image for Benny Valek
    ESOP Attorney, Law Office of Benny R. Valek
    $49
    Standard Price
  • Thumbnail for Don’t be Blindsided by Frauds That Lie Just Beneath the Surface… Consider Applying Alternative Approaches To Your Fraud Investigations
    Identification
    FVC2414
    Date
    October 28, 2024

    Forensic accountants are problem solvers by nature, so when presented with a case where the facts don’t add up, what should be done? We must think “outside the box”! There are several ways fraudulent activity occurs depending on the scenario. When it is not a straightforward financial statement fraud, it is imperative that we figure out alternative approaches to identify the fraud and quantify the related damages. Currently, a plethora of tools are available for us online to use in fraud investigations that typically one would not think of using for non-financial data analysis, such as mapping software or industry trends. Evaluating and analyzing non-financial data to get greater insights into the data is key. Applying data analytics to correlate this information with the accounting records enables us to determine the legitimacy of the related revenues and/or expenses. This may be a game changer and provide the edge that is needed to figure out the fraudulent activity.

    Objectives

    • Apply creative thinking and alternative approaches to determine complex frauds when the financials look legitimate.
    • Identify how to substantiate the use of the alternative approaches when presenting the findings.

    Speaker

    Speaker Image for Robin Cramer
    Robin A. Cramer, CPA/CFF, CFE
    Partner, RSZ Forensic Associates
    $49
    Standard Price
  • Thumbnail for Litigation Talk Series - Demystifying Daubert
    Identification
    FVC2415
    Date
    October 28, 2024

    Daubert challenges represent a pivotal aspect of the legal and expert witness landscape, shaping the admissibility of expert testimony in courts. In this presentation, we delve into the nuanced realm of Daubert challenges, drawing insights and lessons from recent cases involving expert exclusions. By examining recent case examples and distilling lessons learned, this presentation aims to demystify Daubert challenges and empower experts with the knowledge and strategies needed to navigate this complex terrain effectively.

    Objectives

    • Distinguish criteria courts consider in determining the admissibility of expert evidence, including methodology, peer review, and error rates.
    • Analyze recent court rulings where expert testimony was challenged and excluded, highlighting key reasons for exclusion.
    • Analyze strategies employed by attorneys and the responses of expert witnesses in these cases.
    • Identify common themes and pitfalls observed in recent expert exclusion cases, offering insights into recurring challenges faced by legal practitioners.

    Speakers

    Speaker Image for Kenneth Rugeti
    Kenneth Rugeti, CPA, ABV, CFF
    Senior Managing Director, FTI Consulting
    Speaker Image for Vincent Biemans
    Vincent Biemans, CPA, CFA, CFE, ABV, CGMA
    Managing Director, Berkeley Research Group
    Speaker Image for James Bookhout
    Partner, Katten Muchin Rosenman LLP
    $49
    Standard Price
  • Thumbnail for Techniques Utilizing AI for Valuation of Private Companies
    Identification
    FVC2416
    Date
    October 28, 2024

    This presentation will cover advanced techniques related to the valuation of private assets, specifically equity in private companies that are venture capital- or private equity-backed. It will describe several strategies to price illiquid assets when no recent observable transaction prices are available. 

    Topics covered include the following:

    • Business use cases for utilizing technology in the valuation of private assets
    • Data strategy for pricing of private company valuations
    • Using AI technology to enhance traditional methodologies to provide real-time private company valuations
    • Overcoming current limitations to the use of AI
    • Creating an audit trail
    • Use of attribution of factors that influence the change in value
    • Confidence intervals in AI-generated valuations

    Objectives

    • Identify appropriate strategies for valuing illiquid assets.
    • Identify relevant technologies and data strategies when valuing private companies.
    • Determine when AI may assist with the valuation process.

    Speakers

    Speaker Image for Cristina Chen-Oster
    Founder and CEO, M2M Capital
    Speaker Image for Ronnie Shah
    Ronnie R. Shah, Ph.D., CFA
    Co-Founder and Chief Data and Analytics Strategist, M2M Capital
    $49
    Standard Price

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