Sessions For November 5

05

Monday
8:00AM-11:00AM

101. Hands-on Data Analytics and Visualizations

Instructor: Aditya Yerramilli, Travis Armstrong
Knowledge Level: Basic
Field of Study: Accounting, Computer Software & Applications
CPE Credits: 3.0

This workshop is not available as part of the Online or Flex Pass registration options. This hands-on workshop will focus on Excel-based data analytics and visualizations. Participants will learn and utilize Excel features and formulas commonly used by Forensic Accountants to collect, standardize/clean, analyze, and effectively present data. Additionally, the session will highlight other programs for data analysis and visualization. Participants will work through multiple real-world FVS case studies using financial and non-financial data during the session.

Learning objectives:

  • Learn to use common functions and formulas to efficiently analyze data
  • Learn to use tools to effectively present and visualize data
  • Understand pros and cons of Excel and Google Sheets to compile and analyze data

05

Monday
8:00AM-11:00AM

102. Developing an Effective Business Development Plan for Your FVS Practice

Instructor: Rob Kester, Robert Gray
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 3.0

This workshop is not available as part of the Online or Flex Pass registration options. This presentation is designed to prepare participants to more effectively obtain, service existing clients, and manage engagement situations. It presents business development planning (e.g., marketing and selling) as a process that can be consciously and systematically learned and applied. Proven selling and marketing principles/tips/tools will be discussed in this interactive session with the participants.

After the presentation the course participants will be able to better understand:

  • How to begin the process looking at their existing firm and competition
  • How to utilize a proven business planning model to 'determine where their firm needs to go and when
  • Participate in interactive discussions/role plays with recommendations on how to move forward after the Conference

11:00AM-1:00PM

05

Monday
1:15PM-2:05PM

1. "Is this Pop Warner or the Super Bowl? The Average Joe Principle"

Instructor: Ed Hocholi
Track: Keynote
Knowledge Level: Overview
Field of Study: Personal Development
CPE Credits: 1.0

Ed Hochuli is a Phoenix trial attorney with his own 90 lawyer firm, who has personally tried over 150 civil jury trials. But he is most widely recognized as a Referee in the National Football League, where he has worked for the last 28 years. Ed has refereed two super bowls and 10 championship games, along with over 575 games in the NFL. Having been highly successful at both jobs, one wonders what he views as the keys to his success. How does a football official go from officiating 8 year old's in front of 50 parents, to Refereeing a Super Bowl with 350 million people watching?
By the very definition of the word "Average", most people are either average or below average, but Ed believes that instead, anyone can be highly successful, if they just follow a few simple principles. In this very entertaining and enlightening presentation, Ed sums up the secret to his success in what he calls "The Average Joe Principle". His presentation includes anecdotes and a variety of video clips from his long career in the NFL. It provides his tips and beliefs on the secrets to being successful at whatever job or avocation one takes on.

05

Monday
2:35PM-3:50PM

2. Assessing Data Reliability Issues in Quantifying Damages – a Case Law Review

Instructor: Dave Duffus
Track: Forensic Case Studies
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

This session will evaluate the issue of data reliability in damage analyses through an introduction to reliability/reasonable certainty concepts and a discussion of how the courts have evaluated the issue.

Learning objectives:

  • Orient intermediate practitioners to data reliability concepts in general
  • Provide insight into how the courts have evaluated data reliability issues through an examination of judicial opinions

05

Monday
2:35PM-3:50PM

3. Cybersecurity - Privacy & Protection

Instructor: Jordan Fischer
Track: Emerging Technology
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.5

Data is becoming the fastest growing commodity. Everything we do creates data: driving our car, going for a run, watching TV, reading a book -- these activities are now monitored, quantified, and analyzed. The data collected, how it is collected, how it is used, and how it is stored is dominating the technology industry. But, just as data can be a company's greatest asset, it can quickly become its worst liability. Turn on the news in any given day and a new data breach is making the headlines; and no one is immune. The costs and long-term implications of cybersecurity breaches, unsophisticated technological systems, and weak security are hard to quantify: What is the value of a privacy violation? Has a breached system been secured effectively? Was the data collected by the company done in a transparent and compliant manner? As shown in the Yahoo-Verizon deal, these are a few of the many questions that companies need to start addressing before closing a merger or acquisition.

This presentation will discuss the role that cybersecurity and data privacy need to play in the mergers and acquisitions due diligence process. We will delve into how the stakeholders of a deal can gain an accurate and comprehensive understanding of the target company's data risk profile. Incorporating cyber and data privacy into the due diligence process is more important if the target is a company valued for its data: trade secrets, intellectual property, customer lists, etc. This data is only valuable if it is collected and maintained in a secure and compliant manner. We will outline the top data risks to a company's data security and privacy and the information you should know before structuring the deal. You need to be asking how the target should prepare its data security and technology to its maximum advantage. And, also how to protect the acquiring company to ensure that it is buying an asset, and not a liability.

Learning objectives:

  • The areas of cybersecurity and data privacy that need to be reviewed to gain an accurate and comprehensive understanding of a target company's risk profile
  • Understanding the key data and network infrastructure risks that need to be reviewed prior to providing a valuation for a company
  • Discuss how to review a company's cybersecurity and data privacy to truly understand the assets and liabilities that are part of the deal.

05

Monday
2:35PM-3:50PM

4. C-Suite Fraud - The Higher the Perpetrator's Level of Authority the Greater the Fraud

Instructor: Rohan Sethi
Track: General Forensic
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

The session will discuss the following, amongst other things related to C-Suite Fraud and attendees will learn:

  • What are some of the characteristics of C-Suite executives that set them apart from other employees and may lead them to commit fraud
  • What types of fraud are perpetrated by C-Suite executives and are the types of fraud perpetrated by this group different from fraud committed by other groups within an organization
  • How to go about investigating C-Suite fraud, including the investigative steps to consider, some of the lessons we have learned, and the pitfalls to avoid when investigating C-Suite executives
  • What to consider when developing an anti-fraud regime in an organization

05

Monday
2:35PM-3:50PM

5. To Calculate or Not, That is the Question!

Instructor: James Alerding
Track: General Valuation
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Using the AICPA Calculation Engagements Frequently Asked Questions (FAQs) pronouncement as a basis, this presentation will discuss the origin of the Calculation and its uses within the framework of the SSVS #1 (VS100 & VS9100).

Learning objectives:

  • Learn what the Calculation Engagement means within the framework of the SSVS (VS100)
  • Learn how the Calculation can be used within the SSVS (VS100) Learn whether and how Calculations can be used in litigation and non litigation matters
  • Learn the requirements for a Calculation Engagement under the SSVS (VS100)

05

Monday
2:35PM-3:50PM

6. Techniques for Discovering "Hidden Assets" in the Marital Estate

Instructor: Elaine Leggett, Tom Hilton
Track: Family Law
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

This session will focus on the specialized situation whereby one of the participants in a marital dissolution has undertaken to conceal assets from the other spouse and will examine specialized techniques available to the forensic accountant to identify concealed or 'hidden' assets.

Learning objectives:

  • Increase awareness in the participants of the various roles of the forensic accountant in a marital dissolution proceeding
  • Learn how to identify behavioral patterns that imply or suggest the potential for hidden assets
  • Increase awareness of lifestyle issues, types of assets commonly hidden, and techniques to identify assets commonly hidden by business owners
  • Learn how to identify hidden assets through a review of the personal income tax returns

05

Monday
2:35PM-3:50PM

7. Mock Trial Demo Part I

Instructor: Harmon W. Caldwell, Jr., Laurin Quiat, Neil Beaton, Stacey Udell
Track: Litigation/Expert Witness
Knowledge Level: Basic
Field of Study: Accounting
CPE Credits: 1.5

Expert testimony can cause fear or anxiety in the most seasoned expert. That anxiety is magnified when you don’t have a lot of testifying experience. Our mock trial programs will prepare you for successful expert testimony. Learn to effectively present your prior experiences, including defending your qualifications on direct and cross-examination, effectively communicate your opinions to the trier of fact, and the good, bad and ugly use of demonstratives.

Learning objectives:

  • Learn how to effectively use demonstratives to get your point across
  • Understand how to make your CV say the right things about you
  • Learn to apply techniques to avoid being a victim on cross examination
  • Gain knowledge and skills to help you manage fear and anxiety

05

Monday
2:35PM-3:50PM

8. Impact of Tax Reform on 805/350 Analyses

Instructor: Mark Zyla
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Session Description to Come

05

Monday
2:35PM-3:50PM

9. Cost of Capital Update

Instructor: Jim Harrington
Track: General Valuation
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

We will examine current data for estimating cost of capital including updated evidence equity risk premia and size premia. We will also explore estimating company specific risk.

Learning objectives:

  • Learn about new source of cost of capital data
  • Be better able to support cost of capital estimates

3:50PM-4:00PM

05

Monday
4:00PM-5:15PM

10. Fraudulent Transfers and Solvency

Instructor: Catherine Youngman, Kenneth DeGraw
Track: Forensic Case Studies
Knowledge Level: Basic
Field of Study: Accounting
CPE Credits: 1.5

Case study of a Fraudulent Transfer of associated with a Chapter 7 Debtor. Discovery of the issue, discussion of the law, Discussion of the methods for evaluating solvency, results of the trial.

Learning objectives:

  • Understand the methods for evaluating solvency of a debtor
  • Understand the application of the Fraudulent Transfer laws

05

Monday
4:00PM-5:15PM

11. Big Data: The Untapped Opportunity In Litigation (Repeated in Session 27)

Instructor: Bill Gladden, Linda Hsiao, Whitney Alary
Track: Emerging Technology
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session covers the increasingly massive amounts of data and other information ("big data") available in litigation. This presentation will cover tools and experiences on working with big data. The presenters will discuss several case examples involving big data to demonstrate the following learning objectives.

Learning objectives:

  • Compare and differentiate tools/programs used to analyze big data sets, including SQL, SAS, Access and Excel
  • Apply big data skills to help support your client's liability position
  • Analyze the linkage between liability and economics damages using big data
  • Identify and obtain the right data for your economic damages calculation

05

Monday
4:00PM-5:15PM

12. Business Background Investigations in North America

Instructor: Cynthia Hetherington
Track: General Forensic
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Online due diligence investigations examine the backgrounds of corporate entities and the principals who manage them. Regardless of your investigative ability, learning the critical thinking tactics to research and conduct due diligence analyses will enable you to arm your clients with the intelligence they need to make proactive decisions in life and business. This class will explore the databases, Web sites, and Internet resources required to locate difficult information on companies, their assets, and the people that run them.

Participants will master completing a due diligence report utilizing a wealth of information: public records, legal filings, newspapers, magazines, trade journals, blogs, and open source material. You will utilize the tools and resources needed to find and vet information about companies and their owners. Additionally, we will examine professional fee-based and free tools and resources to understand their functionality and limitations to access all the information that's out there.

Learning objectives:

  • Write reports that emphasize and highlight key findings
  • Identify key resources available to investigators that go unused
  • Find and vet applicant information within keystrokes
  • Implement handy tactics for conducting online fraud investigations.

05

Monday
4:00PM-5:15PM

13. Active Passive Appreciation - Current Update

Instructor: Ashok Abbott, Christopher Mercer, William Dameworth
Track: Family Law
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session covers when and why an active passive analysis is needed, how these analyses are typically done and the importance of working with engaging counsel for jurisdictional nuances.

Learning objectives:

  • Understand the key elements involved in an active passive analysis
  • Update of current practice and understand how active passive analyses are typically done around the country
  • Discussion of jurisdictional nuances.

05

Monday
4:00PM-5:15PM

14. Mock Trial Demo Part II

Instructor: Brad Preber, Harmon W. Caldwell, Jr., Laurin Quiat, Tom Hilton
Track: Litigation/Expert Witness
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Expert testimony can cause fear or anxiety in the most seasoned expert. That anxiety is magnified when you don’t have a lot of testifying experience. Our mock trial programs will prepare you for successful expert testimony. Learn to effectively present your prior experiences, including defending your qualifications on direct and cross-examination, effectively communicate your opinions to the trier of fact, and the good, bad and ugly use of demonstratives.

Learning objectives:

  • Learn how to effectively use demonstratives to get your point across
  • Understand how to make your CV say the right things about you
  • Learn to apply techniques to avoid being a victim on cross examination
  • Gain knowledge and skills to help you manage fear and anxiety

05

Monday
4:00PM-5:15PM

15. Trends in Cross-border valuations

Instructor: Mark Zyla, Raymond Moran
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

The session will cover trends in business worldwide, including regulatory and technical issues encountered in performing business valuations in the Americas; Europe, Middle East and Africa; and Asia/Pacific.

Learning objectives:

  • Understand the need for common international valuation standards
  • Understanding and working with global regulatory issues
  • Unbderstand working with different levels of data availability and transparency
  • Consistency of valuation methodology

05

Monday
4:00PM-5:15PM

16. Session TBD

Instructor: Carol Carden
Track: Catch-All/General
Knowledge Level: None
Field of Study: None
CPE Credits: 1.5

Session TBD.

5:15PM-5:25PM

05

Monday
5:25PM-6:15PM

17. Ponzi Schemes and Coordination in Bankruptcy

Instructor: Douglas A. Kelley, James A. Lodoen, Janine Kovats, Theodore F. Martens
Track: Forensic Case Studies
Knowledge Level: Basic
Field of Study: Accounting
CPE Credits: 1.0

Session will describe the roles and responsibilities of the forensic accountants, Court-Appointed Receiver / Trustee, and bankruptcy counsel with respect to the Thomas J. Petters Ponzi Scheme.

Learning objectives:

  • Formulate procedures to determine the net cash "winners" and "losers" in anticipation of clawback litigation
  • Coordination with the Trustee and counsel to identify and determine other potential recoveries for the benefit of the creditors
  • Effective communication of work product in oral and written form

05

Monday
5:25PM-6:15PM

18. Preparing your Clients for Cyber Attacks

Instructor: Cindy Phillips
Track: Emerging Technology
Knowledge Level: Basic
Field of Study: Accounting, Information Technology
CPE Credits: 1.0

As a trusted business advisor preparing your clients for buy/sell transactions, do you have the tools you need to evaluate cybersecurity risks and unmitigated liabilities? In the fast changing cyber threat world, there are tools and methods you can use to identify cybersecurity risks and prepare a business for sale or valuation.

Learning objectives:

  • Review the Making Available Information Now to Strengthen Trust and Resilience and Enhance Enterprise Technology (MAIN STREET) Cybersecurity Act
  • Review the tools available from the National Institute of Standards and Technology (NIST)
  • Offer an excel spreadsheet you can use to evaluate your own business as well as your clients
  • Provide a tool to evaluate cybersecurity service providers

05

Monday
5:25PM-6:15PM

19. Natural Disasters

Instructor: Robert Glasser
Track: General Forensic
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

When disaster strikes how does a forensic accountant help you prepare and submit a comprehensive loss of income/fidelity/cyber claim to the insurance carrier and how to navigate the claim settlement process.

Learning objectives:

  • Understand the uniqueness and complexities of preparing a loss of profits insurance claim
  • How to avoid the pitfalls in an loss of profits claim causing delay and controversy in the claims process
  • Understand extensions of coverages in a policy to avoid leaving potential claimable amounts on the table

05

Monday
5:25PM-6:15PM

20. Industry Series 1: Healthcare Valuations: The New, the Old, and the Ugly

Instructor: Lisa Cribben, Todd Zigrang
Track: General Valuation
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

With recent healthcare reform initiatives, a major paradigm shift is taking place in the healthcare industry, which not only impacts providers, but also their professional consultants. The passage and implementation of MACRA, as well as the cancellation, revision, and addition of value-based reimbursement (VBR) programs, is driving the future of how healthcare services are reimbursed in the U.S. healthcare delivery system. The historical tools (e.g., vertical integration, participation in the delivery of healthcare through medical directorships and other executive/administrative positions) utilized by providers in an attempt to play in a game (i.e., to be reimbursed for services provided) in which the rules are constantly changing are being challenged by government regulators who are basing their arguments on the concept, termed the Practice Loss Postulate, that the acquisition of a physician practice, which then operates at a 'book financial loss', is dispositive evidence of the hospital's payment of consideration based on the volume and/or value of referrals. Despite this uncertainty of the playing field (that is, the healthcare delivery system), the number of healthcare transactions continue to rise, providing increased opportunities for consultants and appraisers. These transactions must meet both the separate and distinct thresholds of Fair Market Value and Commercial Reasonableness.

It is important that professional advisors understand not only the quantitative factors, e.g., monetary (cash) returns, but also the qualitative factors, e.g., the avoidance of cost and the generation of social benefit, when considering the Commercial Reasonableness of these transactions.

Learning objectives:

  • Identify challenges to providers under current value-based reimbursement programs and initiatives
  • Learn established strategies to be utilized in overcoming these challenges faced by providers
  • Define the Commercial Reasonableness threshold parameters as required by regulators and provide various qualitative and quantitative factors involved in considering the Commercial Reasonableness Analysis of the implementation of these strategies.

05

Monday
5:25PM-6:15PM

21. Dexterity in Damages: Covering All the Angles

Instructor: Jenny Allen, Joseph Leauanae
Track: Litigation/Expert Witness
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0

Evaluate the various specializations that are typically brought to bear in commercial economic damages analyses (economics, accounting, and finance) and assess how an effective economic damages financial expert should incorporate all three of these perspectives. Those with an economics background usually approach economic damages from a "revenues/demand" perspective (such that they are usually retained by plaintiffs), those with an accounting background usually approach economic damages from an "expenses/supply" perspective (such that they are usually retained by defendants), and those with a finance background usually seek to bypass the assessment of revenues and expenses by instead focusing on the risks (discount/cap rates) associated with management-prepared projections.

This session will discuss the synthesis of these complementary perspectives when interpreting the fact pattern and formulating opinions. Using a case study, examine the interplay between forensic accounting and business valuation when integrating economic, accounting, and finance perspectives into your calculation of commercial economic damages. Specifically, learn how forensic accounting and business valuation can enhance your effectiveness in assessing revenues, expenses, and risk in both the but-for and actual worlds. By avoiding a myopic approach that only plays to your background/strengths, your findings will become more credible and you will be better prepared for cross-examination.

05

Monday
5:25PM-6:15PM

22. CVFI and the New Financial Instruments Performance Framework

Instructor: Jeffrey Scroggs, Mark Smith, Susan DuRoss
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This presentation provides guidance from the new Financial Instruments Performance Framework (FIPF) the Certified in Valuation of Financial Instruments™ (CVFI™) credential. This is a non-authoritative framework that defines scope of work and extent of documentation that valuation professionals can apply to their valuations of financial instruments. During this presentation, you will be guided through the new documentation and performance requirements.

Learning objectives:

  • Recall the purpose and primary goal of the framework
  • Identify the basic information required in a valuation report to comply with the framework

05

Monday
5:25PM-6:15PM

23. Social Media: Cautionary Tales

Instructor: Anthony Ferrante, Casie Collignon
Track: Catch-All/General
Knowledge Level: Basic
Field of Study: Communications and Marketing
CPE Credits: 1.0

Social Media is both an investigative and evidentiary tool for nearly all companies. But, how can businesses properly use social media in litigation, investigations, and expert reports?

Learning objectives:

  • Discuss the new rules of evidence that allow new methods to self-authenticate electronic evidence, including evidence obtained on social media
  • Discuss common traps, including violations of privacy, that commonly arise when using social media in investigations
  • Suggest effective ways to affirmatively use social media in litigation, investigations, and expert reports

05

Monday
5:25PM-6:15PM

24 What FVS professionals need to know about Succession Planning

Instructor: Michael Haugen, Randie Dial, Shaun Maloney
Track: General
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.0

This session will discuss why it's important to take initiative and be prepared. FVS is a fast growing field, but has big retirements and succession risks lurking! What can you do to prepare yourself if you are one that is exiting and one that is continuing on?

Learning objectives:

  • Identify and align motivations of an exiting party and their successor in interest
  • Determine and execute effective communication strategies around market partners (attorneys, etc.)
  • Differentiate succession risks and strategies between big firms vs. small firms
  • Explain and adhere to best practices for ensuring transparency through the succession process

6:15PM-7:30PM