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Due Diligence in Restaurant Space

Forensic and Valuation Services (FVS)

Release Date: 11/03/2022

Tracing Money Laundering Funds Through FIAT and Crypto show art Tracing Money Laundering Funds Through FIAT and Crypto

Forensic and Valuation Services (FVS)

Elizabeth Woodward converses with Denise Harding, a speaker at the 2023 AICPA-CIMA Forensic and Valuation Services Conference.  Denise provides insight into the Dark Web, addressing typical misunderstandings, as well as offering advice to help professionals: Capitalize on their forensic accounting expertise in cryptocurrency-related endeavors,  Illustrate the tools frequently used in these types of assignments, and Establish best practices for efficient engagement management.  Guest: Denise Harding, CPA/CFF, CFE, Forensic Accountant, Navel Criminal Investigative Service (NCIS)...

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Valuing Complex Financial Instruments show art Valuing Complex Financial Instruments

Forensic and Valuation Services (FVS)

While it has been thousands of years since the Greek mathematician, Thales, developed the first known option contracts to corner the market for olive presses ahead of the annual harvest, financial instruments continue to proliferate in both type and complexity.   Faisal Lakhani of CBIZ Valuation Group specializes in advising clients in this area and shares his expertise to provide an overview to help us better understand what these instruments are, and how they are valued, including: Categories and classification of complex financial instruments Valuation approaches and methods Influence...

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The Bankruptcy Briefings – Navigating Financial Rebirth, Part 2 show art The Bankruptcy Briefings – Navigating Financial Rebirth, Part 2

Forensic and Valuation Services (FVS)

Josh Shilts meets with fellow pod squadder Elizabeth Woodward to hear about her unique entry into bankruptcy-related work.   Elizabeth discusses her path, the diverse businesses she has managed as a fiduciary, and the differences that exist when testifying in a non-confrontational forum.   Her role often requires her to be accountable to the court and creditors, ensuring transparency and integrity throughout the bankruptcy process. Guest:  Elizabeth Woodward, CPA/CFF, CFE, Forensic Accounting Director, Dean Dorton Host: Josh Shilts, CPA/ABV/CFF/CGMA, ASA, CFE. Shilts CPA, PLLC ...

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Increasing Engagement with FVS Emerging Professionals show art Increasing Engagement with FVS Emerging Professionals

Forensic and Valuation Services (FVS)

Dave and Greg's conversation underscores a universal truth in any career path:  mentoring is critical for the nurturing of emerging professionals - new hires, and those in career transition, during their first 5 years as a valuation professional.  It plays a crucial role in career development and organizational culture, as well as allows the mentor to: Share the enthusiasm for the work they do, and the desire to keep learning Make sure students and younger professionals know that BV is a career path if Accounting, Auditing, or Tax is not their jam   Make sure emerging...

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Leveraging the New Fraud Risk Management Guide in your Practice show art Leveraging the New Fraud Risk Management Guide in your Practice

Forensic and Valuation Services (FVS)

The Fraud Risk Management Guide provides a comprehensive framework for assessing and managing fraud risks in any organization. Elizabeth, Jonathan, and Lynda discuss the guide and its benefits for AICPA members. The guide is a joint product of the Committee of Sponsoring Organizations (COSO) and the Association of Certified Fraud Examiners (ACFE) with contributions from various organizations and experts, including the AICPA. The guide can help practitioners audit their fraud risk management programs, train and educate board members and other stakeholders, benchmark their performance against...

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Keeping Reasonable Comp Reasonable show art Keeping Reasonable Comp Reasonable

Forensic and Valuation Services (FVS)

Jessica and Jordan join us as we delve into the topic of reasonable compensation adjustments in business valuation. Our experts discuss various methods for calculating reasonable compensation, identify available sources of information, and share their insights on applying professional judgment in determining when an adjustment is warranted. Don't miss this opportunity to learn how to recognize, apply, and distinguish between sources for reasonable compensation.  Guests: Jessica Landay, ABV, ASA, CVA, MAFF, Harper Hofer & Associates, LLC Partner Jordan Graves, CPA/ABV, CFF Cooper...

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The Bankruptcy Briefings – Navigating Financial Rebirth, Part 1 show art The Bankruptcy Briefings – Navigating Financial Rebirth, Part 1

Forensic and Valuation Services (FVS)

Get set for the first of a series of episodes highlighting opportunities for FVS practitioners in bankruptcy, Ken and Josh “sit” to discuss some of the tenets of his practice.  Ken tells us about the types of bankruptcy (Chapter 7, Chapter 11, etc.) as well as the services that FVS practitioners can provide. We also hear about the types of clients (i.e. attorneys, debtors, creditor committees, etc.) as well as best practices advice from Ken on managing a bankruptcy practice.  Guest:  Kenneth DeGraw, CPA/CFF, CFE, CFP, Partner, Forensic & Valuation Services, Withum Host:...

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Real Estate in the Valuation of Operating Entities and Holding Companies show art Real Estate in the Valuation of Operating Entities and Holding Companies

Forensic and Valuation Services (FVS)

There are nuances to dealing with real estate in the valuation of operating companies or real estate holding companies. Lisa and Chris tackle the important considerations for business valuation appraisers such as: Implications for your analysis and the applied valuation approaches, as well as your overall conclusion of value Tax consequences due to built-in capital gains The nature of right-of-use assets and liabilities Guests:   Lisa Cribben, CPA/ABV, ASA, CMA, Partner, Hawkins Ash CPA  Chris Volz, CPA/ABV/CFF, ASA, Partner, Wipfli LLP  Host: Greg Saunders, CPA/ABV, ASA,...

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Eye on Fraud - Too Good to be True: Ponzi Schemes show art Eye on Fraud - Too Good to be True: Ponzi Schemes

Forensic and Valuation Services (FVS)

Once a Ponzi scheme has been exposed as a financial fraud, a forensic accountant’s skills are instrumental in the investigation of the fraud and assessment of damages.  The Eye on Fraud authors, Rumbi and Kathy, share: What is a Ponzi scheme vs. a pyramid scheme vs. multi-level marketing How and why Ponzi schemes draw in victims Ponzi scheme red flags  Guests:   Rumbi Bwerinofa-Petrozzello, CPA/CFF, CFE, Head of Strategy, Consulting, Seramount Kathy Bazoian Phelps, Esq. Partner, Raines Feldman Littrell LLP Host: Elizabeth Woodward, CPA/CFF, CFE, Forensic Accounting Director,...

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Insights for Navigating Common Issues in Business Valuation show art Insights for Navigating Common Issues in Business Valuation

Forensic and Valuation Services (FVS)

While each business valuation assignment may be unique, there are often common themes and issues that typically arise. Understanding how different practitioners may navigate those issues can provide helpful guidance and reassurance when undertaking an engagement. Since Ethan Lee and Monica Caswell focus their efforts on different valuation niches, they were able to provide their specialized insight regarding the following topics:  Undertaking limited-scope engagements Managing client expectations Avoiding biases in your conclusions Common errors observed in opposing experts’ analyses...

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Guest(s): Sugi Hadiwijaya, CR3 Partners, LLC; Dalton Potts, NRD Capital

Short podcast structured as conversation on topics of due diligence in restaurant space.  Topics discussed include:

  1. Reasons/purposes/goals of restaurant acquisitions
  2. How to analyze restaurant P&L during due diligence
  3. How to understand operational aspects of due diligence
  4. Other matters such as quality of earnings, liquor license transfer, liabilities

This is a podcast from AICPA & CIMA, Together as the Association of International Certified Professional Accountants. Learn more at aicpa.org and cimaglobal.com

The episode is brought to you by the AICPA’s Forensic and Valuation Services Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing forensics, valuation, fraud, fair value and damages and by the CFF Credential and ABV Credential programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/fvs to join our community and gain access to valuable member-only benefits.

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