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
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
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
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
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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Protecting Yourself While Conducting Internet Based Investigations
Forensic and Valuation Services (FVS)
Whether you perform investigations or not, you'll find real-world applicability in this interview with Ryan who will share with us the challenges of open source intelligence investigations (OSINT), including: Basics that investigators need to be aware of before conducting investigations How OSINT works with digital forensics What You might be giving away if you are not careful about how you conduct OSINT Guest: Ryan Duquette, partner, and national leader of digital forensics at MNP, Toronto Canada Host: Elizabeth Woodward, CPA/CFF, CFE, Dean Dorton Please share your...
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Valuation Court - Key Takeaways from Recent Cases
Forensic and Valuation Services (FVS)
Natalya and Dave discuss several recent valuation cases that they presented at the 2023 AICPA FVS conference, including: Whether PPP funds should be included in a marital dissolution valuation A charitable stock donation where the appraisal was rejected because the investment banker doing it lacked proper credentials A divorce case where the court relied on a minority interest sale price rather than the husband's expert, and The Biltmore Estate case where the IRS lost arguing for an asset approach rather than an income approach Dave and Natalya would like to hear from you about...
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Start Your Year on a High Note - An Overview of the Marijuana Industry in 2023
Forensic and Valuation Services (FVS)
Greg and Ron unpack the intricacies of valuing companies in the marijuana industry, exploring everything from regulatory challenges to market dynamics. Ron shares his extensive experience and offers insights into his journey, the industry's growth, and the challenges and opportunities it presents. Conflict between federal and state laws and regulations FVS practitioner engagement opportunities Nuances within the current landscape and landmines that must be considered when performing engagements. Guest: Ronald L. Seigneur, CPA/ABV, ASA, CVA, Founding Partner, Seigneur...
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The Forensic Accountant's Role in M&A Disputes
Forensic and Valuation Services (FVS)
Frank and Josh Epstein delve into the intricate world of M&A disputes, exploring the critical and varying role forensic accountants serve in navigating complex financial landscapes. This includes an independent accountant/arbitrator, independent expert, or consulting expert. From the impact of shifting interest rates to the looming wave of baby boomer exits, learn about the ways forensic accountants can assist. Guest: Josh Epstein, CPA/CFF, CA, CFE, Senior Manager, MNP LLP Host: Frank Previti, CPA/CFF, CFE, DiSanto, Priest & Co.. Please share your thoughts about the episode...
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The New Normal: Cost of Capital in a Higher Interest Rate Environment
Forensic and Valuation Services (FVS)
Current economic conditions are impacting the cost of capital. Carla and Nene discuss a summary of these conditions and estimates for projected economic growth followed by a deep dive into the cost of capital inputs and how they are being impacted in the current environment including risk-free rate, equity risk premium, beta and cost of debt. This is the first of a series of insights we will share from the FVS conference. The conversation was recorded right after the session in Las Vegas. Guest: Carla Nunes, ABV, Managing Director and Global Leader of Valuation Digital...
info_outlineHost: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc.
Guest: Randy Priem, Belgian Financial Services and Markets Authority (FSMA), Finance Professor @ University of Antwerp + UBI Business School
Randy Priem is an expert on market infrastructures and financial benchmarks at the Belgian Financial Services and Markets Authority (FSMA). In his white paper (link below) he analyzes the impact of a company’s ESG score on its cost of capital, including if a high ESG score serves as a substitute for a weaker legal environment.
During our interview, we do a deep dive into
· The inspiration for the article
· Key factors analyzed and data inputs
· How can appraisers incorporate into business valuation?
· ESG: fad or common sense?
· Beware of greenwashing
For Further exploration on this topic:
If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links.
If you are interested in learning more about ESG, check out these AICPA resources:
- AICPA’s Fundamentals of ESG Certificate (CPE self-study, 9 credits)
- FVS podcast episode #53, ESG - Why the Business Valuation Practitioner Should Pay Attention
- Additional articles on the AICPA website include:
- Resources available as part of FVS Section membership
Randy’s White Paper, “The Impact of a Firm’s ESG Score on Its Cost of Capital: Can a High ESG Score Serve as a Substitute for a Weaker Legal Environment” December 2022
- United Nations - https://unglobalcompact.org/take-action/action/private-sustainability-finance
- European Commission – https://finance.ec.europa.eu/sustainable-finance_en
- EMSA - https://finance.ec.europa.eu/sustainable-finance_en
- IOSCO (International Organization of Securities Commissions) (the global organization of securities regulators) https://www.iosco.org/news/pdf/IOSCONEWS635.pdf
- Financial Stability Board (FSB). https://www.fsb.org/2021/11/environmental-social-and-governance-esg-ratings-and-data-products-providers/
- Bank of international settlements https://www.bis.org/publ/qtrpdf/r_qt2112f.htm
This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. If you’re not already a member, visit us online and consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.
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Information on credentials
Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients.
· ABV Credential (Accredited in Business Valuation)
· CFF Credential (Certified in Fraud and Forensics)