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
Area of Expertise: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.0

This session will update members on new practice aids launched since last year's conference.
1. Attaining Reasonable Certainty in Economic Damages Calculations: Revenues, Costs, and Best Evidence
2. Communications in Litigation and Dispute Services
3. Calculating Lost Profits
4. IP Damages PA
5. Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies
6. Financial Instruments Performance Framework

Learning Objectives:

  1. Understand what new non-authoritative guidance has been added to the library in 2019
  2. Learn what has changed and why
  3. Gain a better understanding of 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 Adpat - and Thrive- in the Era of Intelligent Machines

Instructor: Ajay Agrawal
Area of Expertise: 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
Area of Expertise: 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. Understand the different methods under each approach to value
  2. Understand when to use each method
  3. Understand the advantages and disadvantages of each method

05

Tuesday
10:10AM-11:25AM

FVC1922. PE/VC Guide Update

Instructor: Travis Chamberlain, David Larsen
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session Description to Come

05

Tuesday
10:10AM-11:25AM

FVC1923. Cybertools for Forensic Accountants

Instructor: Cynthia Herrington
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.5

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. Learn the latest cyber investigative resources accessible to the AICPA 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
Area of Expertise: 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
Area of Expertise: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting, Information Technology
CPE Credits: 1.5

Session description to come
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
Area of Expertise: 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, types 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. Differentiate between reports for non-litigative versus litigative settings
  4. Identify pitfalls in report writing

05

Tuesday
11:35AM-12:50PM

FVC1927. Investigations - Instructive in a story within a case study -

Instructor: Meaghan Schmidt, Brian Jenkins
Area of Expertise: The Self Starter
Knowledge Level: Beginner
Field of Study: None
CPE Credits: 1.5

Session Description to Come

05

Tuesday
11:35AM-12:50PM

FVC1928. Computer Forensics and Forensic Accountants: A Necessary Partnership

Instructor: Michael MacDonald, Gary Pate
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

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. The right and wrong approach to securing computer hardware / email assets
  2. The order of services provided in an investigation involving electronic information
  3. How Computer Forensics can make a Forensic Accounting investigation more efficient

05

Tuesday
11:35AM-12:50PM

FVC1929. BUS COM Update - Valuation of Inventory

Instructor: Gary Roland
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

Session Description to Come

05

Tuesday
11:35AM-12:50PM

FVC1930. “Litigation in 2025”

Instructor: Dan Dowd
Area of Expertise: 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. Gain insight into current litigation trends
  2. Understand litigation challenges facing clients in 2020
  3. Understand litigation challenges facing attorneys in and litigation challenges 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
Area of Expertise: 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
Area of Expertise: 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. Gain an understanding of when to concede bad facts versus an absence of opinion through case examples
  2. Learn techniques on how to handle cross examination regarding bad facts
  3. Understand how to 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
Area of Expertise: The Self Starter
Knowledge Level: Beginner
Field of Study: None
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
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Accounting
CPE 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 specialist 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. Understand the concepts of obsolescence in using the cost approach in measuring fair value in financial reporting.
  2. Application of economic obsolescence to a specific asset

05

Tuesday
1:50PM-2:40PM

FVC1935. Seven deadly sins of doing valuation - Part

Instructor: Travis Harms, James R. Hitchner
Area of Expertise: 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
1:50PM-2:40PM

FVC1936. Regulatory Update: Valuation Implications Resulting from Rev Rec, Leasing and other accounting standards

Instructor: Paul Balynsky, Adam Smith
Area of Expertise: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE 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. Understand the concepts behind recent standards from the FASB including Revenue Recognition and Leasing.
  2. Understand how business valuation professionals are considering these new standards in practice.
  3. Be aware of 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
Area of Expertise: 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 Firms #1 Resource. Attendees will be able to:
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. Understand the development of 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: Terrance Chron, Barbara Morton
Area of Expertise: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Specialized Knowledge
CPE Credits: 1.0

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. Better understand dispute and litigation support roles for financial experts.
  2. Better understand how financial experts can help support better outcomes through early involvement 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
Area of Expertise: 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, 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. When does SSFS 1 apply
  2. SSFS 1 deposition & cross examination implications
  3. How to testify in a fraud case under SSFS 1
  4. FAQs re: SSFS 1

05

Tuesday
3:10PM-4:00PM

FVC1940. Seven deadly sins of doing valuation - Part II

Instructor: Travis Harms, James R. Hitchner
Area of Expertise: 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 Herrington
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.0

is class will examine the Dark Web, the channels used to institute private sales and exchanges, and criminal behavior. In this intermediate to advanced 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. Attendees will be able to explain Dark Web to their clients.
  2. Attendees will understand how to 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: To Be Announced
Area of Expertise: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Business Management & Organization
CPE Credits: 1.0

Session description to come

05

Tuesday
3:10PM-4:00PM

FVC1943. Neutralizing Damages for Tax Consequences

Instructor: Greg Regan, Kenneth D. Rugeti
Area of Expertise: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Specialized Knowledge, 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
Area of Expertise: The Experienced Pro
Knowledge Level: Intermediate
Field of Study: None
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. To understand the rules of the road in challenges to professional opinions
  2. To understand 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
Area of Expertise: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Specialized Knowledge
CPE Credits: 1.5

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: To Be Announced
Area of Expertise: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.5

Session description to come