Forensic and Valuation Services (FVS)
Welcome to the FVS podcast, a 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. Visit us online at www.aicpa.org/fvs, and if you’re not already a member, consider joining this active community of your FVS peers. Follow us wherever you get your podcasts to receive access to valuable insights and updates on professional issues from nationally recognized forensic and valuation experts.
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Crypto Assets and Crypto Currencies Part 1
05/25/2023
Crypto Assets and Crypto Currencies Part 1
Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Guests Antonella Puca, CPA/ABV, CFA, Partner – BlueVal Jay Baris, JD, SIDLEY AUSTIN LLP David Konop, MBA, ABV, Principal, KPMG, LLP Cryptocurrencies are often volatile, typically trade around the clock, contain different rights and privileges, and therefore present special challenges in valuation. Additionally, the number of entities in the digital currency ecosystem has grown significantly and has been accompanied by the development of new capital tools such as Simple Agreements for Future Tokens (SAFT) and accompanying financial instruments. In Part 1 of this topic, we join experts Jay Baris and Antonella Puca, to discuss the Recent regulatory and enforcement trends If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Event: AICPA® & CIMA® Portfolio Valuation Forum on June 28, 4:30–6:15 pm ET Attend either in person at KPMG in New York City or virtually via live broadcast. Industry experts will discuss current issues and trends relating to the complexities of portfolio valuations Participants will be able to ask questions throughout the event and receive up to two CPE credits at NO COST! Webcast: Investigations in the Crypto Currency World on July 18, 1:00 - 2:30 pm ET Investigations involving blockchains and digital assets serve a variety of purposes. Attend this webcast for an overview of the applications, associated risks, and techniques used during an investigation. Participants will see examples of its practical applications and gain an understanding of the basic mechanics of blockchain analytics. Webcast playback - AICPA-CIMA.com web store - to see sources for webcasts. self-study courses, guidance, practice aids, and news releases such as: Blockchain Opportunities Beyond Crypto Assets Investigations in the Crypto Currency World Understanding, Using, and Securing Crypto and Digital Assets This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content. Please share your thoughts....leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials - Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Accredited in Business Valuation) (Certified in Fraud and Forensics)
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Recruiting Challenges in BV: The Perfect Storm
05/11/2023
Recruiting Challenges in BV: The Perfect Storm
Host: Nene Gianfala, CPA/ABV/CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Guest: John Borrowman, CPC, President, Borrowman Baker LLC Join Nene and recruiter, John Borrowman, as they chat about the unique challenges for recruiting in the business valuation industry including the: · Perfect Storm in the industry – what does it mean? · Outmigration – the Silver Tsunami · Curious labor trends post pandemic · Ideas for mitigating the labor shortage For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Want to help spread the word about BV and Forensics as an alternate path to traditional accounting/auditing/tax? If you are interested in becoming a mentor (or finding a mentor), becoming a volunteer on a task force, and/or joining FVS awareness efforts to students/young professionals, please contact the . Articles and training · · · · · This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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ESG & the Cost of Capital
04/27/2023
ESG & the Cost of Capital
Host: 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 to access the show notes with direct links. If you are interested in learning more about ESG, check out these AICPA resources: (CPE self-study, 9 credits) FVS podcast episode #53, ESG - Additional articles on the AICPA website include: Resources available as part of FVS Section membership Randy’s , “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 , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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Turning Risk into Value - Gathering and Applying Information for Better Data Visuals
04/13/2023
Turning Risk into Value - Gathering and Applying Information for Better Data Visuals
Host: Josh Shilts CPA/ABV/CFF/CGMA, ASA, CFE – President, Shilts CPA PLLC Guest(s): Mike Blake ASA, ABAR, CFA – Managing Partner, Brady Ware Arpeggio, LLC Mr. Blake is best described as a “risk sherpa”. During this interview, Josh and Mike discuss the visualization of risk and the following concepts: Gaining an understanding of business risk outside of financial analysis Tools and techniques appraisers should be aware of to improve their valuation techniques Using datasets un-related to financials to visualize and assess a company’s industry-specific risks For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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Women in FVS, A Multigenerational Perspective - Part 2
03/29/2023
Women in FVS, A Multigenerational Perspective - Part 2
Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Guests: Jenny Allen, CPA/ABV/CFF, Partner at Anthem Forensics Bethany Hearn, CPA/ABV/CFF, Leader of Valuation, Forensic, Litigation, and Investigative Services at CliftonLarsonAllen LLP Carla Nunes, ABV, Managing Director and Global Leader of Valuation Digital Solutions, Kroll Brenda Wamala, ABV, Senior Consultant, Global Forensics and Litigation Services, Baker Tilly US It was so good we needed a part 2! This episode is a continuation of the engaging conversation we had in March for Women’s History Month! Please join us again while we discuss: · Work-life balance is achievable! · Don’t be afraid to ask for what you need · How anyone can be an ally to women in BV For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Resources available for purchase and discounted with your AICPA-CIMA FVS Section membership · · Relevant articles on the AICPA website include: MENTORSHIPS – if you are interested in finding a mentor or becoming a mentor, please contact The AICPA-CIMA FVS member sector at . This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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Women in FVS, A Multigenerational Perspective - Part 1
03/16/2023
Women in FVS, A Multigenerational Perspective - Part 1
Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Guests: Jenny Allen, CPA/ABV/CFF, Partner at Anthem Forensics Bethany Hearn, CPA/ABV/CFF, Leader of Valuation, Forensic, Litigation, and Investigative Services at CliftonLarsonAllen LLP Carla Nunes, ABV, Managing Director and Global Leader of Valuation Digital Solutions, Kroll Brenda Wamala, ABV, Senior Consultant, Global Forensics and Litigation Services, Baker Tilly US In honor of Women’s History Month, the FVS podcast turns the mic over to our four guests that have experienced the FVS profession for 4 years to 4 decades. Please join us for this thoughtful discussion about: · Women in the business valuation industry · Mentors inside and outside the workplace · Expectations from others and for yourself · Advice for the next generation of appraisers For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Resources available for purchase and discounted with your AICPA-CIMA FVS Section membership · · Relevant articles on the AICPA website include: MENTORSHIPS – if you are interested in finding a mentor or becoming a mentor, please contact The AICPA-CIMA FVS member sector at . This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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Valuation Court is now in Session: New and Historical Cases Impacting Valuations Today
03/02/2023
Valuation Court is now in Session: New and Historical Cases Impacting Valuations Today
Host: Saumya Tayi, CPA/ABV, Director, Alix Partners, LLP Guest(s): Natalya Abdrasilova, CPA/ABV, MAFF, CVA, Director of Valuation & Litigation Services, BDM, PC David Consigli, CPA/ABV, CDFA, Partner and Lead, FAZ CPAs Business Valuation Practice In litigation, the decisions in court cases create precedence for future court cases. Keeping up to date on current court decisions and the background can help you prepare your valuation for court and support it in testimony. Join Saumya, one of our newer hosts, as she speaks with Natalya Abdrasilova, and David Consigli and they delve into and discuss the valuation implications and technical valuation components of the cases. For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. available for purchase from AICPAconferences.com AICPA-CIMA Forensic and Valuation Services Conference, session This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. · (Accredited in Business Valuation) · (Certified in Fraud and Forensics)
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Personal vs. Enterprise Goodwill: Key Things to Know
02/16/2023
Personal vs. Enterprise Goodwill: Key Things to Know
Host: Nene Gianfala, CPA/ABV/CEIV Chaffe & Associates, Inc. Guest(s): Karolina Calhoun, CPA/ABV/CFF, Vice President, Mercer Capital Audra Moncur, CPA/ABV, Partner, Wipfli, LLP Nene meets with FVS conference presenters Karolina Calhoun and Audra Moncur right after their presentation this past November. Join us as we dig into the topic of goodwill a bit deeper than your financial accounting textbook did to learn: Major differences between personal goodwill and enterprise goodwill Types of assignments that usually involve personal goodwill Impact of size on the presence of personal goodwill Best practices for personal goodwill assignments For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. available for purchase from AICPA.org from AICPAconferences.com This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Accredited in Business Valuation) (Certified in Fraud and Forensics)
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Marketability Discounts
02/02/2023
Marketability Discounts
Host: David Consigli, CPA/ABV, CDFA, FAZ CPAs Guest(s): Brian McIntyre, CVA, Partner, Withum - Forensic and Valuation Services Natalya Abdrasilova, CPA/ABV, MAFF, CVA, Director of Valuation & Litigation Services, BDM, PC Description: In this episode we interview Brian McIntyre and Natalya Abdrasilova, presenters at the 2022 FVS Conference, and discuss the following: Concepts surrounding marketability discounts are always evolving The criticality of finding data to support your conclusions Need to be flexible to different options for valuing marketability There is no "one size fits all" for determining marketability discounts Common errors Natalya and Brian have observed For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Resources available as part of FVS Section membership BRG (Business Reference Guide) Online - Provides an overview of different markets to create a baseline to develop discounts. available for purchase from AICPAconferences.com This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Accredited in Business Valuation) (Certified in Fraud and Forensics)
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ESG – Why the Business Valuation Practitioner Should Pay Attention
01/19/2023
ESG – Why the Business Valuation Practitioner Should Pay Attention
Host: Josh Shilts, CPA/ABV/CFF/CGMA, ASA, CFE. Shilts CPA, PLLC Guest: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Josh’s conversation with Nene confirms that ESG is not a fad that is going away. This episode will provide you with takeaways that business valuation practitioners need to know including potential increased risks for subject companies. What is ESG and how does it impact a business’ value How will newly required ESG disclosures trickle down and impact private companies Incorporation of ESG into your business valuation practice Why it is critical to consider ESG during your due diligence For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. (CPE self-study, 9 credits) Additional articles on the AICPA website include: Resources available as part of FVS Section membership Other resources This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser https://forms.office.com/r/4cjNd6m1TJ so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Accredited in Business Valuation) (Certified in Fraud and Forensics)
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409A Valuations – What you Need to Know
01/06/2023
409A Valuations – What you Need to Know
Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc. Guests: Zac Liermann, CPA, Senior Consultant, Wipfli LLP Jared Hannon, CFA, CEIV, Director, Grant Thornton LLP In this episode, we talk to Zac and Jared, who recently presented at the 2022 FVS Conference in Las Vegas on 409A Valuations and discuss the: History and explanation of 409A/ASC 718 Valuations Complex nature of 409A Valuations Difference between simple and complex capital structures Allocation methods appropriate under a particular fact pattern Implementing Option Pricing Model methodologies Also, “fun” stories of the most complex capital structure the presenters tackled and tips to conquer them in practice. For Further exploration on this topic – If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Statement on Standards for Valuation Services (VS Section 100) FREE resource available for purchase from AICPAconferences.com Resources available as part of FVS Section membership – aka the Cheap stock guide This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content. Don’t miss an episode – Follow us wherever you get your podcasts and leave us a review using this or copy and paste this URL into your browser so we can continue bringing valuable and relevant content to you. Any other issues can be sent to Information on credentials – Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Accredited in Business Valuation) (Certified in Fraud and Forensics)
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Cost of Capital Ramifications of the Russia-Ukraine War and Global Inflationary Pressures
12/20/2022
Cost of Capital Ramifications of the Russia-Ukraine War and Global Inflationary Pressures
Host: Mark Smith, Director of Valuation Services, AICPA-CIMA Guest(s): Carla Nunes, ABV, Managing Director, Kroll James Harrington, Director, Kroll In the wake of the COVID-19 pandemic entire segments of the global economy were shut down and reopened resulting in global supply chain disturbances. Additionally, Russia’s invasion of Ukraine has put further pressures on global agriculture, energy, and other commodity prices. As a result, we are in an unprecedented period in economic history. In this episode we interview Carla Nunes and James Harrington from Kroll (formerly Duff & Phelps). They were the keynote presenters at the 2022 FVS Conference just a few weeks ago. Join us as we discuss the cost of capital ramifications and how valuations may be impacted by these macroeconomic factors. Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients. (Certified in Fraud and Forensics) (Accredited in Business Valuation) Note: If you’re using a podcast app that does not hyperlink to the resources, please visit to access the show notes with direct links. Don’t miss an episode – subscribe to our podcast channel! And leave us a review using this , so we can continue bringing valuable and relevant content to you. Any other issues can be sent to This podcast episode is part of the extensive resource library available from the , the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at , and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content such as our AICPA & CIMA Forensic & Valuation Services Practice Aid, Calculating Lost Profits
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The Valuation of Human Capital
12/01/2022
The Valuation of Human Capital
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Ethan Rouen, Ph.D Ethan Rouen, assistant professor of business administration at Harvard Business School, teaches the course “Reimagining Capitalism”. Josh came across Professor Rouen’s work while doing his own research on the valuation of human capital. Join the conversation between Josh and Ethan to learn more about: How do we view human capital? As an asset to invest in or an expense to manage? The challenge of creating a KPI for the value creation of human capital Market demand for human capital information via ESG disclosures 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 , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you. Any other issues can be sent to .
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Due Diligence in Restaurant Space
11/03/2022
Due Diligence in Restaurant Space
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: Reasons/purposes/goals of restaurant acquisitions How to analyze restaurant P&L during due diligence How to understand operational aspects of due diligence 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 , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you. Any other issues can be sent to .
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AICPA’s Business Valuation Committee – What We Do and Why You Should Get Involved
11/03/2022
AICPA’s Business Valuation Committee – What We Do and Why You Should Get Involved
Host: Josh Shilts, CPA/ABV/CFF/CGMA Guests: Maryellen Galuchie and Mark Smith In this episode, Josh touches base with Maryellen, Managing Director with Grant Thornton’s Corporate Finance Division and chair of the Business Valuation Committee and Mark, Director of Valuation Services at the AICPA. Josh, who is an immediate past committee member, leads the discussion to help folks understand: What is the role of AICPA committee work? Who makes a good candidate for the AICPA’s BV committee WIIFM (what’s in it for me)?- What you can expect from being a BV committee member How to get involved: get your feet wet by joining a task force The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Business Valuation – M&A vs. Equity Analysis
10/06/2022
Business Valuation – M&A vs. Equity Analysis
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Matthew Shaffer, Ph.D Matthew Shaffer, an assistant professor at USC Marshall School of Business, feels accounting is the fundamental measurement for how companies perform and emphasizes the use of accounting fundamentals to determine valuation methods. His December 2021 article "Why Value the Enterprise enroute to Equity? Valuation Practice in M&A" caught Josh's attention. During this episode, Josh Shilts and Professor Shaffer discuss: What prompted the writing of the article Why M&A advisors and equity analysts use such different methods of valuation How to improve our understanding of the variation between enterprise-value and price value multiples Why not directly capitalize earnings into an equity valuation 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 , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review
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The Business Valuation Profession
09/08/2022
The Business Valuation Profession
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Jay Fishman Jay Fishman is a ground-breaking figure in the business valuation profession. Jay started Financial Research Associates 41 years ago. So, what was going on in the BV world 42 years ago?! Jay’s path in valuation began Manufacturers Appraisal Company, and with a Ph.D. student’s background in research, he started digging into the value of a variety of unusual intangibles. Josh speaks with Jay about: What drives you to keep pushing, to keep taking the next step Building a community of dedicated professionals to create with versus compete with Daubert - How to be ready for the next challenge What to put in your valuation toolbox? In this edition of the FVS Valuation Podcast, host Josh Shilts, CPA/ABV/CFF/CGMA speaks with Jay Fishman, a ground-breaking figure in the business valuation profession. Josh and Jay discuss what was going on in the business valuation world 42 years ago that started Jay down the valuation path including the importance of building a community of dedicated professionals to create with. The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Healthcare Valuation Pt 2
08/25/2022
Healthcare Valuation Pt 2
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Mark Dietrich, CPA/ABV Josh Shilts, CPA/ABV/CFF/CGMA sits down for a second time with Mark Dietrich, CPA/ABV, to further explore the complexities of healthcare valuation including: Data sources such as the Goodwill Registry Using principles not just rules when performing valuations Private equity transactions and platform investments No cash flow, no goodwill: the role of relative value units (RVU) What to put in your toolbox? The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Valuation in Family Law Litigation
07/28/2022
Valuation in Family Law Litigation
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Ken Pia, CPA/ABV Josh and guest, Ken Pia, who leads the national matrimonial practice for Marcum LLP will share where the practice is at the beginning of the 3rd year of the pandemic. The podcast will also discuss some important issues to consider such as: Managing quality and credibility in an increasingly complex environment that is increasingly virtual Developing processes and the impact of business valuation trailblazers The value of always being prepared for litigation Avoiding the trend of shortcuts and what to put in your toolbox The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Multi-Disciplinary Valuations
06/30/2022
Multi-Disciplinary Valuations
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Dennis Webb Valuation often takes many forms and when a practitioner encounters an engagement that require different skill sets or retain the appropriate subject matter experts. This is commonly encountered when a business owns real estate that can often be worth more than the business. On this podcast Josh and guest Dennis discuss: The benefits of understanding how different professionals approach a valuation Learning to ask questions in the other expert’s language How intangible benefits can change over time and how to communicate this to different stake holders (e.g., judges, IRS, owners). The podcast will also discuss some important issues to consider such as: How to improve or solve multi-disciplinary problems Similarities between business valuation and real estate valuations How discounts are developed for asset holding companies The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Potential implications of COVID-19 to FCPA
06/30/2022
Potential implications of COVID-19 to FCPA
Guests: Victor Padilla, MBA, CFE, Weaver Christopher Meadors, CPA, CFF, JD, Delta Consulting Group Sasha Gartman, CFE, CAMS, Weaver Our presenters will provide an overview of the Foreign Corrupt Practices Act (FCPA) and the potential effects that the recent COVID-19 pandemic could have on FCPA enforcement trends. The presenters will discuss examples of FCPA risks that companies should be aware of in this environment and the corresponding actionable steps organizations can take to address such challenges. Examples of challenges include: Reduced budgets Layoffs of corporate compliance and audit professionals A distributed workforce Supply chain issues Make sure you FCPA programs and internal controls account for new risks associated with COVID. Do not let down your guard, FCPA enforcement is not going away any time soon. The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Forensic Data Analytics - Part 2
06/07/2022
Forensic Data Analytics - Part 2
Guest(s): Lynda H. Schwartz CPA CFF CFE CGMA, Lynda Schwartz LLC Vincent Walden, CPA CFE, Alvarez & Marsal Doug Aguilera, CPA CFF CFE CGMA, Aguilera & Associates In this informative two-part podcast series, we discuss a Data Analysis topic from . These experienced forensic accountants discuss: Various cases where data analytics is used by the accounting and legal profession Deployment of data analysis tools and in investigations, litigation, and proactive fraud prevention controls Trends in forensic data analysis Why database analysis is a core focus of forensic accountants and anti-fraud professionals Application of a variety of database analysis tools in a variety of circumstances, and some of the challenges Considerations when working with “big data” The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Forensic Data Analytics - Part 1
06/07/2022
Forensic Data Analytics - Part 1
Guest(s): Lynda H. Schwartz CPA CFF CFE CGMA, Lynda Schwartz LLC Vincent Walden, CPA CFE, Alvarez & Marsal Doug Aguilera, CPA CFF CFE CGMA, Aguilera & Associates In this informative two-part podcast series, we discuss a Data Analysis topic from . These experienced forensic accountants discuss: Various cases where data analytics is used by the accounting and legal profession Deployment of data analysis tools and in investigations, litigation, and proactive fraud prevention controls Trends in forensic data analysis Why database analysis is a core focus of forensic accountants and anti-fraud professionals Application of a variety of database analysis tools in a variety of circumstances, and some of the challenges Considerations when working with “big data” The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Discounted Cash Flows
06/02/2022
Discounted Cash Flows
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Roger Grabowski Josh and guest Roger Grabowski discuss: An in-depth history of the evolution discounted cash flow analysis How to deconstruct and evaluate a company’s historical growth The importance of learning about the company and its management The podcast will also discuss some important issues to consider such as: Organic vs acquisition growth The art of data collection Ideal future cash flows vs practical future cash flows The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Fraud and Internal Controls
04/14/2022
Fraud and Internal Controls
Guests: Angela Murdo, CPA, CFE A lack of internal controls can be disastrous to any business. Companies need to ensure sound risk management is in place, no matter their size. Internal controls can be the key to preventing and detecting fraud. This podcast will address financial and operational risks and provide you with the guidance to help prevent and detect fraud: - Why are internal controls so important? - What questions you should be asking - Fraud red flags. The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Healthcare Valuation
04/11/2022
Healthcare Valuation
Guests: Josh Shilts, CPA/ABV/CFF/CGMA Mark Dietrich, CPA/ABV Healthcare valuation requires an in-depth knowledge of specialized machinery, complicated coding and billing protocols as well as a highly regulated environment. Professionals who provide valuation services in this area also need to be understand how to identify and value intangible assets that can often hold the majority of a healthcare practice’s value. Josh and guest Mark Dietrich discuss: A brief history of healthcare valuation Development of the concept of personal goodwill The importance of specialization in the valuation profession The podcast will also discuss some important issues to consider such as: Risk and cost of capital for different types of medical practices Compensation vs. profit for distribution Capitalization of cash flow vs discounted cash flow The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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Fair Value
01/27/2022
Fair Value
Guest: Josh Shilts, CPA/ABV/CFF/CGMA Mark Zyla, CPA/ABV The valuation profession requires a broad understanding of valuation principles, standards, and up and coming trends within the industry. In this podcast, several of the key considerations that go into a valuation will be covered. Josh and guest Mark Zyla discuss: ESG and impact on valuations Different risk assessments Awareness of valuation standards The podcast will also discuss some important issues to consider such as: How valuation fits into the financial reporting process Trends in the valuation profession Improvements in technology and access to data The episode is brought to you by the , 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 and programs which allow AICPA members to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community and gain access to valuable member-only benefits. Don’t miss an episode – subscribe to our podcast channel! And leave us a review so we can continue bringing valuable and relevant content to you.
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New Challenges and Approaches to Electronic Discovery (Parts 2)
12/07/2021
New Challenges and Approaches to Electronic Discovery (Parts 2)
This two-part podcast series provides a wide-ranging discussion about the new challenges brought about because of COVID-19 and the continuously evolving technology landscape. We discuss ways to make the electronic collection and analysis process efficient, while maintaining integrity and transparency.
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New Challenges and Approaches to Electronic Discovery (Parts 1)
12/07/2021
New Challenges and Approaches to Electronic Discovery (Parts 1)
This two-part podcast series provides a wide-ranging discussion about the new challenges brought about because of COVID-19 and the continuously evolving technology landscape. We discuss ways to make the electronic collection and analysis process efficient, while maintaining integrity and transparency.
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Terminal Value
12/03/2021
Terminal Value
The concept of terminal value is one that is used throughout business valuation.
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