Sessions For November 6

06

Tuesday
7:00AM-7:50AM

201. FVS Forum: Emerging Technology Trends in FVS

Instructor: Daniel Etherton, Johnny Lee
Track: General Session
Knowledge Level: Update
Field of Study: Accounting, Information Technology
CPE Credits: 1.0

Session discusses advancements in technology that have affected forensic and valuation service providers, including more sophisticated accounting and computer systems as well as increased amounts of public and private data available to industry practitioners.

Learning objectives:

  • Assess and categorize the different types of data that exists publicly and privately to industry practitioners
  • Identify and understand additional tools and resources available to industry practitioners for purposes of data analysis and data manipulation
  • Differentiate and distinguish between the different methods of obtaining, cleaning/sanitizing, and analyzing data

8:00AM-8:25AM

06

Tuesday
8:25AM-9:40AM

25. You Can Play Panel Discussion

Instructor: Billy Scullion, Brent Weakley, Layshia Clarendon
Track: General Session
Knowledge Level: Overview
Field of Study: Personal Development
CPE Credits: 1.5

A panel of experts from a variety of industries will discuss important issues involving diversity in the workplace, including the prevalence of unconscious bias towards those who identify as LGBTQ, and simple steps companies and other high performing teams can take to promote an inclusive environment.

Lessons include:
Parallel challenges between diverse, high performing teams in a sports setting verse in a corporate setting, and what can be learned from one another
how to best identify and address our biases
simple steps for diverse teams to make all members feel valued and appreciated
how to spread the responsibility of being inclusive across all aspects of a company or team

06

Tuesday
10:10AM-11:25AM

26. Investigate! Part 1 (Continued in Session 33)

Instructor: Davida Jones, Michelle Davis
Track: Forensic Case Studies
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Participants are required to bring lap tops in order to access the simulations.  This session is not available as part of the Online for Flex Pass registration options. Session 27 and 35 are available only on-site and limited to 60 participants. There is no additional cost, though pre-registration is required. 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
  • 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.

Learning objectives:

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

 

Session 27 and 35 are available only on-site and limited to 60 participants. There is no additional cost, though pre-registration is required.

06

Tuesday
10:10AM-11:25AM

27. Big Data: The Untapped Opportunity In Litigation (Repeat of Session 11)

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

06

Tuesday
10:10AM-11:25AM

28. Foreign Due Diligence and Investigations

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

International due diligence is vital for business success and management. It can be a straightforward task, if you know how to utilize the right resources from the plethora of information available. In this course, we will review available databases and open sources for a variety of countries to conduct international due diligence and background checks. Participants will examine sources for information, including the top foreign corporate databases for researching overseas companies and their principals; explore a list of databases serving foreign countries; and acquire global resources helpful for consolidating multiple country searches.

Learning objectives:

  • Conduct international due diligence investigations
  • Navigate and utilize social networks in specific countries
  • Spot indicators to fraudulent practices and shell companies

06

Tuesday
10:10AM-11:25AM

29. Emerging and Continuing Conundrums in Cost of Capital

Instructor: Ashok Abbott
Track: General Valuation
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will explore the cost of capital challenges practitioners confront as new research and resources collide with time tested approaches.

Learning objectives:

  • What is the best proxy for a risk-free rate?
  • Is a buildup model acceptable?
  • Can your estimate of unsystematic risk benefit from an analytical framework?
  • What is the right investment time horizon for determining cost of capital?
  • Navigating the options within the DP Navigator
  • The continuing size premium debate

06

Tuesday
10:10AM-11:25AM

30. Part 1: Collaborative Law the New Horizon

Instructor: Bette Quiat, Dr. Lana Stern, Karolina Calhoun, Paul Garcia
Track: Family Law
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Collaborative Law is the New Horizon. For financial professionals, it offers a new opportunity and a new way of functioning in a divorce case. Collaborative process is a non-litigated, non-adversarial method of handling a divorce and utilizes an Interdisciplinary Team made of specially trained professionals who meet in a series of "Team" meetings to help the couple resolve their issues in a civil and respectful manner. The Neutral Financial Professional interacts with both parties, assisting the couple in resolving the economic issues in divorce. This presentation will contrast the litigation process with the collaborative process. Attendees will observe and analyze how the collaborative process works and will apply valuation and forensic skills in an experiential collaborative session.

Learning objectives:

  • Compare the practice of the Collaborative law to a traditional litigated divorce process
  • Describe the role of the Neutral Financial Professional (NFP) in the Collaborative Process
  • Compare and contrast Interest-Based Negotiation and Positional Negotiation by the Financial professional in a Team meeting

06

Tuesday
10:10AM-11:25AM

31. Forensics Investigations and Legal Theories Relating to Damages in Data Breach Class Actions

Instructor: Anthony Ferrante, Casie Collignon
Track: Litigation/Expert Witness
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Cyber Security and Related Class Action litigation continues to be a big challenge for companies. The magnitude, frequency and cost of cyber security incidents are increasing dramatically in almost every industry. This session will foster a discussion on the cyber security litigation landscape for companies and how plaintiffs are attempting to quantify damages in cyber security litigation.

Learning objectives:

  • Gauge where the trends are today with cyber security litigation and what companies are thinking about
  • Learn how companies can approach mitigating the risk of breach related damages, including developing and communicating mitigation plans and establishing training programs
  • Learn how to deal with cyber security litigation, including trends in defending cyber security class action litigation

06

Tuesday
10:10AM-11:25AM

32. AICPA Accounting and Valuation Guide on PE/VC Part 1

Instructor: Amanda Miller, David Larsen, Sean McKee, Travis Chamberlain
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Background and key provisions of the working draft of the AICPA Accounting and Valuation Guide: Valuation of Portfolio Company Investments. Expected impact on current practice.

Learning objectives:

  • Understand the nuances required to value Portfolio Company Investments of Venture Capital and Private Equity Funds
  • Solidify the premise of market participant perspectives used when valuing PE/VC investments

11:25AM-11:35AM

06

Tuesday
11:35AM-12:50PM

33. Investigate! Part 2 (Continuation of Session26)

Instructor: Davida Jones, Michelle Davis
Track: Forensic Case Studies
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Participants are required to bring lap tops in order to access the simulations.  This session is not available as part of the Online for Flex Pass registration options. Session 27 and 35 are available only on-site and limited to 60 participants. There is no additional cost, though pre-registration is required. 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
  • 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.

Learning objectives:

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

 

Session 27 and 35 are available only on-site and limited to 60 participants. There is no additional cost, though pre-registration is required.

06

Tuesday
11:35AM-12:50PM

34. Knowing Your Forensic Technology Limits

Instructor: Peter Diskin, R. Davis Taylor
Track: Emerging Technology
Knowledge Level: Basic
Field of Study: Accounting, Information Technology
CPE Credits: 1.5

Session Description to Come

06

Tuesday
11:35AM-12:50PM

35. Forensic Accounting Evidence - Evidentiary Comparison between Civil & Criminal matters (US/Canada)

Instructor: Brad Preber, David Elzinga
Track: General Forensic
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Delivered by seasoned experts from the United States and Canada, this session will compare and contrast the differences between the US and Canadian federal criminal and civil litigation processes. Experiences will be shared and practical advice given.

Learning objectives:

  • Refer to and apply the US and Canadian federal rules of civil procedure
  • Understand and comply with US and Canadian federal rule of evidence
  • Serve in the role of a consultant or expert witness

06

Tuesday
11:35AM-12:50PM

36. Valuation Review Analyses and Reports in Litigation

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

This session will present a detailed process for reviewing the technical accuracy and credibility of a valuation analysis and report for litigation purposes. Hitchner will focus on the do's and don'ts in preparing a valuation review analysis and report. Includes a 14-page valuation review checklist and a sample detailed USPAP Standard 3 appraisal review report .

Learning objectives:

  • Good and bad data sources and uses
  • Valuation method issues and input testing
  • Discount rates
  • Growth rates
  • Discounted cash flows
  • Guideline public company
  • Guideline company transactions

06

Tuesday
11:35AM-12:50PM

37. Part 2: Collaborative Law the New Horizon

Instructor: Bette Quiat, Dr. Lana Stern, Karolina Calhoun, Paul Garcia
Track: Family Law
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session 2 provides opportunities for attendees to practice collaborative skills in a challenging and complex experiential session, followed by an interactive discussion and debrief.

Learning objectives:

  • To compare the practice of the Collaborative law to a traditional litigated divorce process
  • To describe the role of the Neutral Financial Professional (NFP) in the Collaborative Process
  • To compare and contrast Interest-Based Negotiation and Positional Negotiation by the Financial professional in a Team meeting

06

Tuesday
11:35AM-12:50PM

38. Legal Principles in Damage Calculations

Instructor: Greg Regan, Michael Fahlman
Track: Litigation/Expert Witness
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will explore legal considerations in a damages analysis including how to address foreseeability, how to match the damage analysis to the legal claims, how to avoid calculating damages for nonvolatile acts, and other topics.
This session will help attendees avoid pitfalls in the preparation of damage calculations and related testimony.

06

Tuesday
11:35AM-12:50PM

39. AICPA Accounting and Valuation Guide on PE/VC Part 2

Instructor: Amanda Miller, David Larsen, Sean McKee, Travis Chamberlain
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Example concepts from case studies outlined in the working draft of the PE/VC Valuation Guide

Learning objectives:

  • Understand how to apply judgment in determining fair value and changes in value from previous measurement dates
  • Understand valuation techniques used to value various types of PE/VC investments

12:50PM-1:50PM

06

Tuesday
1:50PM-2:40PM

40. Funds Tracing in a Murder Investigation

Instructor: Dan Ray
Track: Forensic Case Studies
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

A pastor of a church in the Central Valley in California was accused of Attempted Murder, Murder and Elder Abuse of an 85 year old member of the community. A central focus of the trial was a tracing of the funds looted by the pastor. The forensic accounting analysis and high-profile testimony provided the financial motivation for the crime. This trial was featured on NBC Dateline.

Learning objectives:

  • The critical nature of funds tracing and its importance in establishing motive
  • The importance of making complex issues simple for jury presentation
  • Poor testimony by the opposing expert was rejected by the jury

06

Tuesday
1:50PM-2:40PM

41. Blockchain - What is it?

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

In this session the attendee will understand the basic concepts of Blockchain distributed ledger technology and how Blockchain can serve as a secure accounting information system. You will also learn how to identify risks associated with Blockchain technology that may affect the evolving roles of CPAs.

06

Tuesday
1:50PM-2:40PM

42. Healthcare Fraud and Abuse - Common Schemes and Government Priorities

Instructor: Charles Hacker, Jr., Lance Youts
Track: General Forensic
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This session will provide an overview of common healthcare fraud schemes and the government's enforcement priorities.

Learning objectives:

  • Understand why the healthcare system is an easy target for fraud
  • Identify common healthcare schemes
  • Review government enforcement activity and theories
  • Identify issues and concerns in connection with healthcare investigations

06

Tuesday
1:50PM-2:40PM

43. How to Tell an attorney NO

Instructor: Michael Catlett, Michael Fahlman
Track: Litigation/Expert Witness
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0

Expert witnesses are hired by attorneys based on many factors including the expert's reputation, prior cases with that attorney, and an attorney's view that the expert will be helpful for their case. Attorneys are advocates for the their client; however, CPAs are to remain objective and are not an advocate for the client. At times, experts may be asked to perform work and form opinions by attorneys that give them repeat business (or may be an attorney they have not worked with, but hope to receive future business) for which the expert feels the work or opinions may be a stretch or even too far of a reach while also remaining objective. This can put experts in a difficult situation. This session will provide insight from an attorney that regularly hires experts, and how attorneys deal with "no" from experts.

Experts will learn how to tell an attorney "no" to:

  • Working on the case at all; Expanding into new areas of work
  • Tweaking an opinion; Making assumptions
  • Selecting methodologies to employ
  • Evaluating what legal theory to assume
  • Report drafting
  • What and how to say an opinion at deposition or trial

06

Tuesday
1:50PM-2:40PM

44. Introduction to Monte Carlo Simulation in Financial Reporting

Instructor: Shaun Maloney, Travis Harms
Track: Fair Value Measurements
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

As the complexity of financial instruments and business valuations continues to increase, Monte Carlo Simulation (MCS) is becoming a critical tool for valuation professionals, particularly in the financial reporting context. This interactive session will guide attendees through simple applications of MCS discussing the steps and inputs necessary to develop a credible and accurate model while also identifying mistakes and missteps commonly seen in practice.

Learning objectives:

  • Understand the inputs required and appropriate support
  • Demonstrate the application of the model
  • Identify common errors and mistakes in application

06

Tuesday
1:50PM-2:40PM

45. Transaction Structures: How to structure a transaction to minimize tax implications

Instructor: Lisa Cribben
Track: General Valuation
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Structuring a business sale transactions 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.

Learn objectives:

  • Options for Transaction Structure
  • Outline various options for structuring transactions (stock, asset, earn-out, etc.)
  • Impact of contingent liabilities (lawsuits, environmental, etc.)
  • Earn-outs – Considerations and impact on value
  • Non-compete and consulting agreements
  • Personal Goodwill
  • The value of stock as acquisition consideration and related risk
  • Employee benefits and management compensation Tax Issues in Purchase and Sale Transactions and Impact on Value
  • Overview of tax considerations in transactions
  • Asset allocation: Impact on Tax considerations and cash flow
  • Choice of entity and impact on taxes and value
  • Personal Goodwill and benefits in different transaction Structures

06

Tuesday
3:10PM-4:55PM

46. Blockchain - Beyond Cryptocurrency

Instructor: Johnny Lee
Track: General Session
Knowledge Level: Update
Field of Study: Accounting, Information Technology
CPE Credits: 1.5

This session covers an overview of the distributed ledger technology known as Blockchain. We will cover the basic architecture, help ground novices in the technology and its promise, and work to identify why cryptocurrencies may be the least interesting thing about this technology within five years.

Learning objectives:

  • Provide an overview of the Blockchain architecture
  • Develop an understanding of Blockchain via discussion of specific use cases
  • Discuss the implications of self-authenticating systems, enabled by technology
  • Discuss the implications to the accounting and forensic communities raised by this technology