This annual conference is the best way to build broad expertise in fraud detection, fraud prevention and business valuation.
CPAs, attorneys, business valuation experts, forensic accountants, appraisers and other financial professionals
Stay current on developments impacting your services. Gain the know how to produce accurate, thorough and meaningful results for clients.
Best Practices: Business Valuation Methods in Litigation (1.5 AA)
James Hitchner, CPA, ABV, CFF, ASA - Financial Valuation Advisors, Inc.
Valuations in litigation can mean greater scrutiny on your work and report. You WILL be attacked. Learn how to defend your analysis and report in this contentious area of business valuation.
CPA Risk Management (1.0 AA)
Matthew Tornincasa and Gary Shendell - Shendell & Pollock
Learn the various forms of risk through real-life examples including engagement letters, practice management and expert witness liability.
What You Need to Know Before an IRS Audit and Tax Court Challenge (1.5 AA)
Bruce Johnson, ASA- MPJ Business Valuations
Learn how audit and Tax Court processes work. You will hear firsthand accounts with case studies including an IRS challenge that involved transfers of minority interests in family limited partnerships and operating companies. Learn how the IRS responded and get tips to avoid IRS scrutiny build a strong appraisal report.
11:45 a.m.-12:15 p.m.
Using Statistics to Quantify Lost Profit Damages - Do it Right! (1.5 AA)
Dr. Michael A. Crain, CPA, ABV, CFA, CFE - Kaufman Rossin
The session will use case study examples to illustrate the many complications and pitfalls that can be encountered when using statistical analysis to quantify lost profit damages, including:
- So what is this but-for analysis all about? Detect trends in data and deviations from trend considering single data series and paired observations
- Hammer, screwdriver, saw: which tool do I use? Focus on model development and variable selection. Learn the different types of models available (eg, simple and multiple regression, time series) and examples of when each might be used
- Are your results statistically significant? Learn the meaning and interpretation of the various regression statistics and coefficients, statistical significance and explanatory power of models.
- Let me ask you again; are your results statistically significant? Heteroskedasticity, serial correlation, and multicollinearity in your model may render your models unreliable. Learn how they impact your models and how to detect and correct them
Crypto currency and Forensics (1.0 SK)
Nidhi Rao, CPA, CFE, CFF and Mansi Mehta, BDO USA LLP
The year 2021 was marked by a phenomenal growth and tremendous interest in the crypto industry. The largest cryptocurrency (Bitcoin) eventually hit a new all-time high around $69,000. There were new crypto applications like non-fungible tokens (NFTs) with sales of these digital assets setting new records at major auction houses. In addition, Bitcoin made strides towards mainstream acceptance with major websites like Expedia and Microsoft accepting the coin as a means of exchange. Crypto regulation was the talk of the Financial Action Task Force (FATF), OFAC and regulators across the globe. We saw law enforcement agencies trace and track ransom crypto payments in order to recover funds. With this uptick of activity, what’s ahead in 2022 for cryptocurrencies? As the popularity and focus on the crypto space continues in 2022, financial crimes will also accelerate in direct proportion to the use of cryptocurrency. Crypto regulations and compliance programs are on the horizon and catching this new breed of crypto-criminals and stopping illicit fund transfers will be a key priority. This will lead to a deeper integration between the crypto and forensics worlds.
Dealing with Divorce (1.5 SK)
Moderator: Henry Rinder, CPA - Smolin, Lupin & Co, LLC
Polina Dostalik, Esq. - Ziegler, Resnick & Epstein
Howard Mankoff, Esz. - Marshall Dennehey
Randy Paulikens, CPA, ABV, CFF, CITP - Friedman LLP
This panel will address the legal and ethical requirements facing CPAs whose clients are getting divorced. The panel will answer questions such as:
- Can you represent parties that are in conflict with each other?
- Do you have the right to charge for your time and effort cooperating with the parties' counsel?
- What do you have to do when a subpoena is served on you?