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Learn how fraud and valuation matters are handled during bankruptcy

Forensic and Valuation Services (FVS)

Release Date: 06/04/2021

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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High Times for CPAs? – Forensic Accounting Services in the Budding Cannabis Industry EXTRA show art High Times for CPAs? – Forensic Accounting Services in the Budding Cannabis Industry EXTRA

Forensic and Valuation Services (FVS)

Clay and Howard got into the cannabis industry because it presented interesting opportunities to serve new clients in a growing industry.  The learning curve has been steep given the regulations and cash-based nature of the business, and building trusted relationships is key to success.   Forensic accountants can play an important role as the industry matures and consolidates. Especially to help sort out  Profitability issues that lead to litigation Due diligence for mergers and acquisitions Investigating fraud risks Guests:   Howard M. Silverstone, CPA/CFF, Executive...

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Byteful Insights: Valuing Tech and Data- a conversation with the IVSC show art Byteful Insights: Valuing Tech and Data- a conversation with the IVSC

Forensic and Valuation Services (FVS)

This conversation with the author of the latest of 5 IVSC perspective papers on intangible assets, “Value and Data” takes a deep dive into understanding: What is considered technology and what drives the value of data How both play a critical role as intangible assets within the modern economy   The influence of artificial intelligence on valuation practices  Please share your thoughts about the episode - Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to  This podcast episode is part of the...

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FVS Eye on Fraud – Accountants and the Battle Against Money Laundering show art FVS Eye on Fraud – Accountants and the Battle Against Money Laundering

Forensic and Valuation Services (FVS)

With an increased understanding of financial crimes and money laundering, accountants can assist law enforcement, banks, investors, and governments with information that can be useful to help  Keep our capital markets functioning as intended Protect our national security by preventing or disrupting illicit finance. This episode is a discussion surrounding the Summer 2023, Issue 3 of the FVS Eye on Fraud series that educates readers on the genesis of FinCEN’s efforts to enforce anti-money laundering legislation and today’s emerging issues on the topic.  Guests:   Patrice...

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Valuations for Gift and Estate Taxes: Review and Best Practices show art Valuations for Gift and Estate Taxes: Review and Best Practices

Forensic and Valuation Services (FVS)

David, Natalya, and Brian discuss the current trends and challenges in business valuation and gift and estate tax including the importance of staying up to date on the current and potential changes in the gift and estate tax landscape.  The AICPA offers resources and guidance to practitioners that work in the business valuation of estate and gift taxation such as the toolkit landing page, practice aids, and the case law listing – see links in the RESOURCE section below Guests:   Brian Burns CPA/ABV/CFF, Partner and lead, FORVIS LLP Forensics and Valuation practice Natalya...

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More Episodes

Guests: Sugi Hadiwijaya, Partner, CR3 Partners LLC, and Jermaine Watson, Partner, Bonds Ellis Eppich Schafer Jones

The podcast highlights basic aspects on how fraud-related matters are managed in bankruptcy context.  The podcast will cover issues such as:

  • automatic stay
  • ability to segregate operating assets from fraud-based liabilities
  • typical outcome in fraud-driven bankruptcy filings

The podcast will also discuss the valuation in bankruptcy which is primarily related to establishing reorganized value. It’ll cover:

  • critical purpose since reorganized value will drive recovery for stakeholders
  • valuation fight and how it is generally handled via opposing valuation expert reports and testimonies
  • factors bankruptcy judges may use to rule in valuation fight

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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