ABV/CFF Review Courses

November 2-3, 2019 | Caesars Palace, Las Vegas

Join us early in Las Vegas for the ABV and CFF Review Courses, the only review programs back by the resources and collective expertise of forensic accounting and business valuation professionals associated with the AICPA.

Come for an engaging overview of all topics outlined in the Content Specification Outline (CSO), and afterwards receive a comprehensive workbook that includes over 300 practice questions to assist in exam preparation.

Review course participants have approximately a 20% higher pass rate than those who have not completed the course.

Key Topics Covered in the ABV Exam Review Course

The Review Course covers those topics listed in the ABV Exam CSO, consisting of the following:

  • Foundation of Valuation Theory: This section covers professional standards including Statement on Standards for Valuation Services (VS Section 100), valuation for financial reporting, defining the valuation engagement, sources of economic and industry data, macro-economic and environmental analysis, industry analysis and subject entity analysis.
  • Implementation of Valuation Methods: This section covers the three primary valuation approaches and related hybrid approaches, valuing intellectual property and other intangible assets, valuation adjustments including discounts and premiums, reconciliation of indicated values and the conclusion of value.

Key Topics Covered in the CFF Exam Review Course

The review course covers topics listed in the CFF Exam's Content Specification Outline (CSO), consisting of the following:

  • Professional Responsibilities and Practice Management: As in all engagements, the CPA needs to be cognizant of the professional standards applicable to forensic matters. Non-Authoritative guidance is also available to assist the forensic accountant in various aspects of forensic accounting.
  • Fundamental Forensic Knowledge: The accountant’s understanding of the applicable civil or criminal justice system (or alternative dispute resolution process) is essential to the planning, performance and reporting of a forensic engagement. While not every forensic engagement will result in litigation, consideration must be given to the possibility that each forensic engagement has to be approached from the very beginning as if it will be presented in court.
  • Specialized Forensic Knowledge: Since each forensic accounting engagement is unique with its own facts and objectives, the forensic accountant needs to use appropriate specialized forensic knowledge, tools and procedures during the engagement. A basic knowledge of each of the following areas is helpful and no one practitioner would be expected to know them all but rather would seek expert assistance where necessary. The specialized areas include: bankruptcy, insolvency and reorganization; computer forensic analysis; economic damages calculations; family law; financial statement misrepresentation; fraud prevention, detection and response; and valuation.