Sessions For November 4

7:00AM-6:15PM

04

Monday
8:00AM-11:00AM

FVC19101. Valuation Report Writing Workshop

Instructor: Gary Trugman
Knowledge Level: None
Field of Study: Accounting
CPE Credits: 3.0

This session will cover valuation standards for reports, writing the affirmative and rebuttal reports, and best practices for report writing
Learning Objectives:

  1. Recall the different types of reports allowed as industry standards
  2. Distinguish a well-written, quality report from one that is not written properly
  3. Recognize what makes a convincing rebuttal report
  4. Recall the best practices in assuring a quality report

04

Monday
8:00AM-11:00AM

FVC19102. Investigative Workshop

Instructor: Stephanie Aguirre, Peter Brown, Joseph Fraim Kressler
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 3.0

This preconference workshop is limited to 60 participants.

In this interactive simulation, you will participate in a realistic regulatory crisis scenario. Working in teams, you will compete against each other to conduct the best investigation under time-pressure. Experience the activities that a company's investigation team would undertake using the latest tools and resources available including:
• Reviewing emails, mobile phone data and documents;
• Asking suspects questions in video interviews;
•Performing data analytics and corporate intelligence analysis; and
•Responding to anonymous tip-offs and further information alerts.
Use your unique skills and information you uncover within your teams to unravel the issues and pinpoint relevant evidence to identify the wrong-doing and potential suspects.
Once the game is over, we announce the winners and provide a tailored debrief which covers the potential scope and approach of an investigation, and the consequences of mishandling particular issues. The workshop also will:

Learning Objectives:

  1. Give participants the opportunity to gain detailed insight into the way an investigation is conducted
  2. Provide participants with the opportunity to work in a group setting to gain hands-on knowledge of investigative procedures
  3. Provide a fun, interactive and competitive learning event while offering valuable knowledge of the investigative process

1:00PM-1:15PM

04

Monday
1:15PM-2:05PM

FVC1901. Economic Keynote

Instructor: Todd Buchholz
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Economics
CPE Credits: 1.0

We will assess the current and future path of the economy, with a focus on the interaction of global monetary policy, trade policy, and politics. We will also address the impact of demographics on government financing and the opportunities and risks in financial markets.
Learning Objectives:

  1. Discover how demographics, technology, and globalization are re-shaping the economy
  2. Identify the signs of economic rallies, and the warning signs of slumps
  3. Identify the political pressures on trade, debt, and interest rates from the U.S. to the E.U. to China

04

Monday
2:35PM-3:50PM

FVC1902. Forensic ABCs-The Building Blocks of Successful Case Management

Instructor: Annette Stalker, Jolene Fraser
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting
CPE Credits: 1.5

No two litigation or forensic accounting engagements are the same. They often have multiple parties, varied allegations, possible counter-claims and a number of different financial issues. Having a methodical approach and well-structured organization will make it easier for you and your staff to quickly locate key records and maintain consistency across case files. Ultimately, you will be better-prepared for communication within your team the clients, as well as the final reporting and testimony. Participants in this session will be equipped to:
Learning Objectives:

  1. Create an efficient structure for organizing key elements of every case
  2. Successfully plan and perform each phase of the engagement
  3. Effectively communicate with internal and external resources throughout the engagement

04

Monday
2:35PM-3:50PM

FVC1903. Best Practices In Financial Instruments

Instructor: Oksana Westerbeke, Jeff Scroggs
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

This presentation provides guidance on best practices when estimating the value of financial instruments such as debt, embedded derivatives, options, warrants, incremental borrowing rates, etc. That means identifying the appropriate model for the class of financial instrument, inputs needed, assumptions, use of judgement, as well as type of deliverables and new requirements related to deliverables.
Learning Objectives:

  1. Identify the type of financial instrument
  2. Identify the appropriate model
  3. Know the data needed for the model selected
  4. Know the types of deliverables and new guidance related to deliverables

04

Monday
2:35PM-3:50PM

FVC1904. Business Interruption Accounting for Causality

Instructor: Shannon O'Malley, Daniel Williams
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Often there is a need to consider causality in measuring business interruption losses. It may mean isolating the effects of wide-area damage caused by a disastrous catastrophe, accounting for changing economic conditions, or accounting for business model changes. This course will start with a precursor explaining the purpose of business interruption insurance policies and then advance to illustrate best practices in isolating cause and effect in measuring such losses.
Learning Objectives:

  1. Prepare document and information requests, and conduct research, relevant to accounting for causation in measuring business interruption losses;
  2. Implement tools and analytical techniques for isolating and excluding the effects of external factors in measuring business interruption losses;
  3. Articulate coverage questions and speak to relevant case law pertaining to accounting for causality in measuring business interruption losses.

04

Monday
2:35PM-3:50PM

FVC1905. Lessons Appraisers Need to Know from Recent Delaware Valuation Cases

Instructor: Gilbert Matthews
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5

In the past four years, the Delaware Supreme Court has issued several major opinions that addressed transaction-related corporate valuations. The presentation will discuss these opinions, as well as numerous valuation-related Court of Chancery in the same period. It will contrast the Delaware courts’ views on arm’s-length transactions vs. related party transactions and will discuss the impact of those view on statutory appraisals. It will also discuss the courts’ views on valuation methods, with a focus on inputs into DCF calculations.
Learning Objectives:

  1. Help valuators understand the impact of Delaware law on valuations and fairness opinions
  2. Assist valuators in preparing for expert testimony

04

Monday
2:35PM-3:50PM

FVC1906. Blockchain & Cryptocurrencies: Tracing Transactions

Instructor: Matt McGuire, Gregory Azeff
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting, Information Technology
CPE Credits: 1.5
Canadian flag

The session will outline the technological, forensic, and legal tools available to trace and recover cryptocurrency.
Learning Objectives:

  1. Assess blockchain technology, cryptocurrencies, and cryptocurrency exchanges as each relate to forensics services
  2. Create processes to implement when faced with suspected misappropriation of cryptocurrency

04

Monday
2:35PM-3:50PM

FVC1907. Big Data & Patent Valuations

Instructor: Mike Pellegrino
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Interpret the intersection of Big Data and patent valuation and ways to use Big Data to augment and defend patent valuation opinions.
Learning Objectives:

  1. Evaluate the application of Big Data and patent valuation assignments.
  2. The program is practical and will include many examples of the application of Big Data and patent valuation assignments.

3:50PM-4:00PM

04

Monday
4:00PM-5:15PM

FVC1908. Financial Statement Analysis: What It Means

Instructor: Michael Haugen, Bethany Hearn
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting
CPE Credits: 1.5

Whether searching for red flags at the start of a fraud risk assessment or evaluating financial condition for the purpose of a business valuation, financial statement analysis is a cornerstone of most any forensic or valuation assignment. This course will utilize an interactive case study to illustrate comprehensive financial statement analysis, focusing not only on how to complete relevant calculations but also how to interpret them. Participants will be guided through how to measure key metrics and then, in small groups, will utilize a Microsoft Excel template to conduct their own analysis and share their findings with the class.

After attending this course attendees will be better able to:
Learning Objectives:

  1. Prepare a comprehensive financial statement analysis, including identifying trends, key strengths and weaknesses, and/or red flags of a business’s financial condition;.
  2. Calculate internal liquidity ratios, operating efficiency and profitability metrics, business risk factors, and financial risk indicators;
  3. Articulate the meaning behind the numbers, combining qualitative and quantitative aspects of a business to interpret the data

04

Monday
4:00PM-5:15PM

FVC1909. Implementing MPF CEIV

Instructor: Anthony Aaron, Mark Smith
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

This session will provide information on how professionals and firms have been implementing the CEIV program into their practice. An emphasis will be on the Mandatory Performance Framework (MPF) and the Application of the MPF and how this has impacted and influenced both internal and external expectations . Attendees will learn about:
Learning Objectives:

  1. The structure and goals of the MPF. This includes the MPF, Application of the MPF, and the recently issued MPF FAQ
  2. Some of the key elements of the MPF (e.g., the importance of professional judgment and skepticism)
  3. What early adopters have done so far to integrate the documents into their practice and the MPF and what role it plays in the CEIV quality monitoring
  4. What resources are available to ask questions and provide feedback when implementing the MPF into your practice

04

Monday
4:00PM-5:15PM

FVC1910. Forensic Accounting Experts in Corporate Investigations

Instructor: Deanna L. Forbush, Hubert Klein
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

A panel comprised of experienced practitioners discuss practical issues and potential pitfalls that arise in the context of internal investigations. The panel will offer insights on lessons learned in prior investigations and also discuss several investigations that suffered from serious missteps. This session will review the forensic accountants role in internal corporate investigations. It will explore how the forensic accountant works with In-House and Outside Counsel in these type of engagements. There will be an Outside Counsel and In-House Counsel co-presenting with the forensic accountant to ensure a view from the various perspectives of the scope, duties, and various tasks the forensic accountant my be asked to due by counsel. In addition, there will be a discussion of the legal framework and limitations that the forensic accountant needs to be aware of when assisting in internal corporate investigations.
Learning Objectives:

  1. Distinguish the various roles and duties forensic accountants can perform in an internal corporate investigation.
  2. Analyze real life case examples where the FLVS professional assisted in internal corporate investigations
  3. Apply the risks factors and legal framework in which the FLVS professional must work

04

Monday
4:00PM-5:15PM

FVC1911. Cautionary Tales of Valuation Adjustments & Potential Forensic Implications in Legal Proceedings

Instructor: Karolina Calhoun
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5

Valuations of a closely held business in the context of litigation such as in a contentious divorce, shareholder dispute, damages matter or other litigated corporate matter can be multifaceted and may require additional forensic investigative scrutiny. As such, it is important to consider the potential forensic implications of valuation adjustments as they may lead to other analyses. For example, in a divorce business appraisal, a valuation adjustment for discretionary (personal) expenses may, in turn, provide an implied “true income” and pay ability of a spouse. In a dissenting shareholder matter, a valuation adjustment to true-up margins for variations in expenses not consistent with the industry/peers may insinuate dissipation of business assets and require further forensic investigations. These are but two examples - this session will address other examples you will likely face.
Learning Objectives:

  1. Evaluate financial statement adjustments and corresponding implications
  2. Interpret the need for forensic services as a result of valuation adjustments, such as tracing services, income determination, and other analyses.

04

Monday
4:00PM-5:15PM

FVC1912. Damages Case Study: Rebutting the Speculative Wrapped in an Academic Model

Instructor: Greg Regan
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

The session will be a case study of a damages rebuttal analysis where plaintiffs’ experts (one on causation and one on damages) had speculative analyses that relied heavily on assumptions from management about the prospects of their business. It will also explore the damages expert’s use of an academic model that had limited to no track record in economic damages.
Learning Objectives:

  1. Rebuttal speculative damages based on management assumptions, but fed through academic model
  2. Effectively take on multiple experts at the same time– hard to follow causation of damages analysis
  3. Analyze variances in data used by causation expert and damages expert on same side of case

04

Monday
4:00PM-5:15PM

FVC1913. Transaction Structures and Impact on Value

Instructor: Lisa Cribben, Pam Schneider
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Structuring a business sale transaction can affect the cash flow from a potential sale as well as the taxes that would be paid on a sale. The structure ultimately affects the value a buyer is willing to pay or a seller is willing to accept for a transaction. In this presentation you will learn about how the structure of a transaction could affect the ultimate cash flow a seller receives and impacts the price the parties negotiate.
Learning Objectives:

  1. Differentiate between transaction structures
  2. Determine how transaction structure can impact value

5:15PM-5:25PM

04

Monday
5:25PM-6:15PM

FVC1914. Financial Statement Analysis: Forecasting & Macroeconomics

Instructor: Michael Haugen, Timothy Gillihan
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting
CPE Credits: 1.0

In measuring economic damages, or in assessing business value, the economic environment within which a business operates is commonly a key factor. As economic conditions change, so too may expectations of a business’s future financial performance. This course will introduce core macroeconomic principals and resources to consider in assessing, or defending, the reasonableness of your projections.
Learning Objectives:

  1. Identify and explain economic cycles and their commonly associated business conditions;
  2. Describe the impact of monetary and fiscal policy on business lifecycles and cost of capital;
  3. Evaluate and differentiate the impact of national versus local economic conditions on a business

04

Monday
5:25PM-6:15PM

FVC1915. International Investigation: Blurred Lines -Investigating Fraud across Borders

Instructor: Chetan Sehgal, Derek Ricci
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0
Canadian flag

The purpose of this session is to provide insights into conducting international investigations from both a legal and accounting perspective. The session will explore challenges and solutions faced while performing investigation across borders.
Learning Objectives:

  1. Identify what to do first in the preliminary phase of investigating fraud internationally
  2. Mobilize resources in other jurisdictions
  3. Vet 3rd party vendors
  4. Determine how to recover assets in other jurisdictions and the available legal remedies internationally

04

Monday
5:25PM-6:15PM

FVC1916. Communicating Complex Financial Topics

Instructor: Jeffery Tarbell, Chris Mercer
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting, Communications and Marketing
CPE Credits: 1.0

As financial analysts and experts we are often required to explain complex financial topics to the lay-person; whether a judge, a jury, or even our client. This session will provide helpful techniques to improve your ability to communicate effectively and persuasively with an audience that may not share your unique knowledge and experience with a complex topic. Specific techniques covered will include ______________________ and effective use of visual aids.
Learning Objectives:

  1. Identify your audience and their pre-existing knowledge.
  2. Choose visual presentation methods suitable to your audience and your data.
  3. Differentiate between core and unnecessary information.

04

Monday
5:25PM-6:15PM

FVC1917. Forensic Accounting & Fraud Investigations 2030

Instructor: David Wood
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0
Canadian flag

We will discuss technology changes that will impact the profession over the next 5 to 10 years.
Learning Objectives:

  1. Participants will be able to identify new and emerging technologies that will likely impact the accounting profession.
  2. Participants will gain a basic understanding of new technologies.

04

Monday
5:25PM-6:15PM

FVC1918. Personal Goodwill - What is important and What is New

Instructor: James Alerding
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0

Personal goodwill continues to be a popular topic for business valuation professionals. While it is primarily used in divorce situations, it has other implications such as tax transactions. This presentation will delve into the three components of goodwill as well as discuss related topics. Case law in this area continues to expand and will also be discussed in the presentation
Learning Objectives:

  1. The participant will learn the definitions of goodwill
  2. Recall the three components of goodwill and how they are applied in practice
  3. Recognize methods of allocation goodwill among its components
  4. Recall important case law in the area of goodwill and its components, including new cases

04

Monday
5:25PM-6:15PM

FVC1919. SSFS 1 - The New Forensic Standards (Repeated in Session 39)

Instructor: Michael Fahlman, Jason Flemmons, Annette Stalker
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0

The session will provide a deeper dive into the new SSFS 1 set to roll out in 2020. Speakers will provide practitioners with the tools to know when to apply SSFS 1, how to deal with cross examination and deposition questions regarding the requirements of SSFS 1, how to testify in a fraud case under SSFS 1, and discuss some of the common questions and FAQs about SSFS 1 during the exposure period.
Learning Objectives:

  1. Apply SSFS 1
  2. Recall SSFS 1 deposition & cross examination implications
  3. Testify in a fraud case under SSFS 1

6:15PM-7:30PM