Sessions For November 5

6:30AM-5:25PM

05

Tuesday
7:00AM-7:50AM

FVC19201. FVS Forum: What's New For You?

Instructor: Travis Armstrong, Travis Chamberlain, David Duffus, William Fellows
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.0

Identify new non-authoritative guidance that has been added to the library in 2019

Learning Objectives:

  1. Distinguish what has changed and why
  2. Recall how these changes may affect you and your practice

8:00AM-8:25AM

05

Tuesday
8:25AM-9:40AM

FVC1920. Our Automated Future: Learning to Adapt - and Thrive- in the Era of Intelligent Machines

Instructor: Ajay Agrawal
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Information Technology
CPE Credits: 1.5

Artificial intelligence has been with us for decades. But today’s machines are gaining the ability to learn from data and make sophisticated predictions—more cheaply, and more accurately, than human beings. Like the advent of the Internet and the dot-com explosion, machine learning is set to affect foundational changes to our lives (think driverless cars—but that’s just the beginning). From navigation to the Internet of Things, manufacturing to agriculture, health care to the robotic workers set to replace even top-level positions, deep learning will open as many doors as it will close. And to understand these shifts, experts turn to Ajay Agrawal. A leading authority in AI, the co-author of Prediction Machines—and, as a business speaker, a great explainer of complex economic forces—he translates the sweeping power of machines and breaks down why it all matters. How can we take advantage of the growing market for AI? How can we allocate capital and investments today to best prepare for tomorrow? How do we prepare for the disruptions—to long-standing industries, to millions of jobs, and to age-old notions about work, employment, and leisure—that will result? No matter who you are or where you work—a company, an investor, a university or government—Agrawal will help you adapt, and thrive, throughout this economy-wide transformation

05

Tuesday
10:10AM-11:25AM

FVC1921. Introduction to Valuation Methodologies

Instructor: Gary Trugman
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting
CPE Credits: 1.5

This session will discuss the various methods available to a valuer under all three approaches to value
Learning Objectives:

  1. Recall the different methods under each approach to value
  2. Select when to use each method
  3. Indicate the advantages and disadvantages of each method

05

Tuesday
10:10AM-11:25AM

FVC1922. PE/VC Guide Update

Instructor: Travis Chamberlain, David Larsen, Sean McKee, Amanda Miller
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

Valuing investments is a critical issue for the private equity and venture capital industry. After more than five years of effort, the AICPA has published the final version of the Accounting and Valuation Guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies. This session will highlight the key concepts from the new guidance.
Learning Objectives:

  1. Understand the key issues where the new guidance may clarify best practices
  2. Identify the topics covered in the guide and understand how best to use the guide to address specific questions of interest
  3. Understand the appropriate basis of valuation for valuing an enterprise for the purpose of valuing the securities in the enterprise, and the importance of calibration
  4. Understand the “value of debt for the purpose of valuing equity” and how that value is different from other measures of the value of debt

05

Tuesday
10:10AM-11:25AM

FVC1923. Cybertools for Forensic Accountants

Instructor: Cynthia Hetherington
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
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Financial service professionals and investigators will learn how to conduct business intelligence investigations, due diligence, asset and enhanced background checks using the latest and most effective cybertools.
Learning Objectives:

  1. Identify the latest cyber investigative resources accessible to the forensic accounting and valuation professional market.
  2. Discover international resources for 2019, and grow your investigative toolkit.

05

Tuesday
10:10AM-11:25AM

FVC1924. "Family Law in 2025"

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

This session will leverage Jonathan Wolfe’s nearly 20 years of ABA Section of Family Law leadership, and discuss the Section’s current areas of focus, and what the future of family law looks like in the coming years for clients, attorneys and experts.
Learning Objectives:

  1. Gain insight into current trends in family law;
  2. Understand current trends in the use of experts in family cases;
  3. Understand current challenges facing lawyers, experts, and clients;
  4. Leverage insights to prepare and grow your expert practice for the coming years.

05

Tuesday
10:10AM-11:25AM

FVC1925. A look Into the Future of Blockchain Litigation

Instructor: Keith Miller, Ryne V. Miller, Anthony J. Ferrante, Boris M. Richard, Ph.D., Larry Smith
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5
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This discussion panel will provide insights on the developing regulation of digital assets and activities of various actors in the crypto markets, as well as the government enforcement and litigation landscape. It will also introduce the principal issues pertaining to digital token valuation, virtual asset accounting and emerging cyber risks in cryptocurrencies.
Learning Objectives:

  1. Understand nature of current litigation involving Blockchain and Cryptocurrency
  2. Learn how regulatory and other agencies are involved
  3. Gain an understanding of what future litigation might look like

05

Tuesday
10:10AM-11:25AM

FVC1926. Investigation Report Writing (non R26)

Instructor: Travis Armstrong, Nicole Lyons
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session covers investigation report writing, focusing on all other types of reports other than those required under Federal Rules of Civil Procedure Rule 26 (e.g., non-expert witness report). The session will review elements, visual aids, formats of reports, and will also cover the new forensic standard.
Learning Objectives:

  1. Identify the elements of a forensic report
  2. Recognize types of visual data to aid in presenting findings
  3. Understand different formats of reporting in investigation engagements
  4. Identify pitfalls in report writing

05

Tuesday
11:35AM-12:50PM

FVC1927. Following the facts and developing insights: A forensic accounting primer

Instructor: Meaghan Schmidt, Brian Jenkins
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting
CPE Credits: 1.5

In this session we will describe the fundamentals of forensic accounting and related investigations. Using real-life examples we will explore fraud schemes, methods of concealment and how forensic accounting can help answer questions such as who, what, when, where, why and how.
Learning Objectives:

  1. Describe the fundamentals of forensic accounting and related investigations
  2. Provide an understanding of the depth and breadth of forensic accounting engagements

05

Tuesday
11:35AM-12:50PM

FVC1928. Computer Forensics and Forensic Accountants: A Necessary Partnership

Instructor: Michael MacDonald, Gary Pate
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
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This session will focus on the integration and partnership of the Computer Forensics and the Forensic Accounting team in Forensic investigations. We will be focusing on the increasing involvement and benefit that Computer Forensic Specialists add to an investigation. The session will also highlight successful case examples that involved both services, pitfalls of not securing electronic information correctly and common Computer Forensic Tools in 2019.
Learning Objectives:

  1. Distinguish between the right and wrong approach to securing computer hardware / email assets
  2. Identify the order of services provided in an investigation involving electronic information
  3. Use Computer Forensics to make a Forensic Accounting investigation more efficient

05

Tuesday
11:35AM-12:50PM

FVC1929. BUS COM Update - Valuation of Inventory

Instructor: Frederik Bort, Anna Mazover, PJ Patel, Gary Roland
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

Speakers, who include representatives from the AICPA Business Combinations task force, which is developing an Accounting and Valuation Guide on this topic, will update you regarding the latest developments regarding the inventory valuation section. This section was released for feedback in November of 2018 and it generated a number of comments. After this session you will:

Learning Objectives:

  1. Understand the content of the guide as well as be given an overview of the comments received and;
  2. Understand the changes the task force is considering making in response to those comments.

05

Tuesday
11:35AM-12:50PM

FVC1930. “Litigation in 2025”

Instructor: Daniel G. Dowd
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will leverage Mr. Dowd’s nearly 20 years of ABA Section of Litigation leadership roles, and discuss the Section’s current areas of focus, and what the future of litigation may look like in the coming years for clients, attorneys and experts.
Learning Objectives:

  1. Predict current litigation trends
  2. Evaluate litigation challenges facing clients in 2020
  3. Assess litigation challenges facing attorneys and facing experts in 2020
  4. Leverage insights to prepare and grow your expert practice for the coming years

05

Tuesday
11:35AM-12:50PM

FVC1931. TCJA: Where are we now in practice?

Instructor: Heather Tullar, Adam Smith
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

TCJA has been implemented for over a year. We will dive into the changes to valuation models as a result of the TCJA and what we have seen in practice. How are different folks handling various aspects of the change and which are more acceptable than others. Will also consider how to put it in practice.

05

Tuesday
11:35AM-12:50PM

FVC1932. The Unmentionables! How to Handle Bad Facts or Inadequate Data in an Expert’s Analysis

Instructor: Jolene Fraser, Randall J. Dean
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

While not ideal, unfavorable facts or insufficient data are often an unavoidable reality in many cases involving an expert opinion. How an expert deals with these situations can make or break a case. This session will explore how to strategize with counsel in acknowledging and analyzing weaknesses in a case which may affect an expert’s analysis and opinions.
Learning Objectives:

  1. Assess when to concede bad facts versus an absence of opinion through case examples
  2. Use techniques learned in this session on how to handle cross examination regarding bad facts
  3. Remain objective and protect credibility by avoiding ethical traps, bias and the appearance of favoritism.

12:50PM-1:50PM

05

Tuesday
1:50PM-2:40PM

FVC1933. Data Analytics Progression Part 1: How to Trust Your Data

Instructor: Paul Kirk
Career Stage: The Self Starter
Knowledge Level: Beginner
Field of Study: Accounting, Computer Software & Applications
CPE Credits: 1.0

This session will provide the key element for all data analytics projects - good data! Through a recognized data analytics methodology, learn techniques to validate your data for completeness and accuracy and that is critical for all forensic engagements.

05

Tuesday
1:50PM-2:40PM

FVC1934. Impact of Economic Obsolescence on Valuations

Instructor: Mark L. Zyla
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0
CEIV CPE/CPD Credits: 1.0

ASC 820 Fair Value Measurements describes the cost approach to valuation as the cost to a market participant to buy an asset of comparable utility, adjusted for obsolescence. Financial valuation specialists in financial reporting often rely upon the work of experts in other disciplines, such as real estate appraisers. The financial valuation expert may encounter circumstances where the returns on assets may not be sufficient for the indicated value. In these circumstances, the financial valuation specialist and the real estate appraiser may consider the application of obsolescence on the fair value of the individual assets. In this session Mark will describe situations where application of economic obsolescence may be appropriate.
Learning Objectives:

  1. Apply the concepts of obsolescence in using the cost approach in measuring fair value in financial reporting.
  2. Apply economic obsolescence to a specific asset.

05

Tuesday
1:50PM-2:40PM

FVC1935. Seven Deadly Sins of Doing Valuation - Part 1

Instructor: Travis Harms, James R. Hitchner
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

What are the valuation equivalents to envy, gluttony, sloth, and the like? In this session, our speakers will identify and describe for participants the seven deadly sins of valuations.
Learning Objectives:

  1. Determine the nature of common valuation pitfalls
  2. Build safeguards into valuation processes and reports to protect against these pitfalls

05

Tuesday
1:50PM-2:40PM

FVC1936. Regulatory Update: Valuation Implications Resulting from Rev Rec, Leasing and other Accounting Standards

Instructor: Paul Balynsky, Adam Smith
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0
CEIV CPE/CPD Credits: 1.0

This session will provide an overview of recent accounting standard-setting activities impacting the business valuation profession. We will also discuss active projects on the FASB agenda and how those might impact the profession going forward.
Learning Objectives:

  1. Recall the concepts behind recent standards from the FASB including revenue recognition and leasing.
  2. Recognize how business valuation professionals are considering these new standards in practice.
  3. Recall future standard-setting activities of the FASB.

05

Tuesday
1:50PM-2:40PM

FVC1937. How to Groom and Mentor your Future FLVS Leaders of the Future - Dual Perspectives

Instructor: Hubert Klein, Karolina Calhoun
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Business Management & Organization
CPE Credits: 1.0

This session is for all levels, geared towards narrowing the gap between seasoned practitioners and the NexGen leaders of our professional industry. Real life examples and techniques will be discussed on how to train, motivate and retain team members from staff to management-level FVS professionals. The session will help seasoned practitioners to understand and become aware of the challenges in grooming and retaining [young] professionals. Staff turnover hurts an organization in the long run. How to train your staff so they can leave but manage them so they don't want to is the goal. People are a firm's #1 resource.
Learning Objectives:

  1. Identify issues encountered with motivating and retaining qualified leaders for the future;
  2. Recognize the techniques that can be used to provide transparency for future; and
  3. Develop action plans to improve employee morale, loyalty and professional development.

05

Tuesday
1:50PM-2:40PM

FVC1938. Case Studies of Transactions Resulting in Disputes or Litigation - Broken Deals

Instructor: Terence Crohn, Barbara Morton
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0
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Transactions regularly turn into disputes. Financial experts working in the transaction and disputes streams see deals when they've gone horribly wrong. This session will review examples of broken deals and how they were resolved with support from experts in valuation and loss quantification. There will also be a discussion, for each case, of how the dispute could have been avoided.
Learning Objectives:

  1. Contrast dispute and litigation support roles for financial experts.
  2. Reconstruct better outcomes when financial experts are involved earlier in the deal process.

05

Tuesday
3:10PM-4:00PM

FVC1939. SSFS 1 - The New Forensic Standards (Repeat of Session 19)

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

05

Tuesday
3:10PM-4:00PM

FVC1940. Seven Deadly Sins of Doing Valuation - Part 2

Instructor: Travis Harms, James R. Hitchner
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

What are the valuation equivalents to envy, gluttony, sloth, and the like? In this session, our speakers will identify and describe for participants the seven deadly sins of valuations.
Learning Objectives:

  1. Understand the nature of common valuation pitfalls
  2. Learn how to build safeguards into valuation processes and reports to protect against these pitfalls

05

Tuesday
3:10PM-4:00PM

FVC1941. Understanding the Dark Web

Instructor: Cynthia Hetherington
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting, Information Technology
CPE Credits: 1.0
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This session will examine the Dark Web, the channels used to institute private sales and exchanges, and criminal behavior. In this hands-on class, participants will gain a thorough understanding of the Dark Web—criminality, anonymity, counterfeit products, child pornography, and human trafficking; learn the directory structures of the Dark Web; and learn Dark Web languages like Tor and Tails and the lingo of this underworld. Training will include exploring dark web channels for content and finding the resources and specialized search engines for searching against Dark Web content.
Learning Objectives:

  1. Explain Dark Web to their clients.
  2. Use Tor safely and effectively, while learning the vulnerabilities, and be able to conduct undercover online investigations on the Dark Web.

05

Tuesday
3:10PM-4:00PM

FVC1942. Practice Management: How to Manage a Forensic/Valuation Practice in a Traditional Accounting Firm

Instructor: Kenneth Degraw, Hubert Klein, Elizabeth Z. Woodward
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Business Management & Organization
CPE Credits: 1.0
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Panel will discuss best practices for developing, growing, and maintaining a forensic/valuation practice within a traditional accounting firm. Financial, marketing, and human resources metrics and resources will be discussed.
Learning Objectives:

  1. Identify best, and worst, practices implemented by traditional accounting firms.
  2. Learn how to improve your practice, whatever its current stage/condition.

05

Tuesday
3:10PM-4:00PM

FVC1943. Neutralizing Damages for Tax Consequences

Instructor: Greg Regan, Kenneth D. Rugeti
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.0

Courts have accepted the increase or “gross-up” of damages claims to account for an increase in taxes owed on a lump-sum award versus the taxes that would have been owed but-for the alleged wrongful act. The presentation will touch on supportive case law and methods for quantifying such impacts.
Learning Objectives:

  1. Understand the types of damages claims that may necessitate consideration of tax neutralization damages
  2. Learn approaches to quantifying tax neutralization damages

05

Tuesday
3:10PM-4:00PM

FVC1944. Daubert and Other Horror Stories

Instructor: Jason MacMorran
Career Stage: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This session will provide an overview the gatekeeping function and relevant cases, strategies for managing a challenge to professional opinions, and examples of successful and unsuccessful defenses to challenges.
Learning Objectives:

  1. Indicate rules of the road in challenges to professional opinions
  2. Determine tactics and defenses for challenged opinions

4:00PM-4:10PM

05

Tuesday
4:10PM-5:25PM

FVC1945. Forensic and Valuation Services in a Global Economy

Instructor: Peter Armstrong, Mark L. Zyla
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5
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We will be discussing some of the changes and impacts on forensic and valuation professionals of the progression to a more global integrated environment for professionals.
Learning Objectives:

  1. Understand changes that are occurring at the AICPA and globally that are and may impact members
  2. Identify the opportunities, risks and challenges that members may face in an increasingly global economy.

05

Tuesday
4:10PM-5:25PM

FVC1946. PCAOB/SEC Update

Instructor: Alison Staloch, George Wilfert
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

Session description to come