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October 16, 2012
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  Top Story 
  Valuation Corner 
  • Inside buyout offers flexibility in exit strategy
    An inside buyout is a flexible exit strategy for business owners planning succession. A review of this option is timely, with capital gains and other related tax measures passed during the Bush administration scheduled to expire at year-end. An inside buyout can take many forms, including a management buyout, a private-equity buyout, an employee stock-ownership plan, a family buyout and an employee cooperative. You can learn more in a webcast sponsored by the Journal of Accountancy, "Inside Buyout Basics and the Tax Cliff -- A Timely Combination," scheduled 3 to 4 p.m. ET on Oct. 30. Journal of Accountancy (10/2012) LinkedInFacebookTwitterEmail this Story
  • Valuing a startup requires several soft metrics
    Valuing a fledgling startup is more art than science, taking into account the founding team's track record, the size of market opportunity and whether the company has attracted customers or begun earning revenue. However, that hasn't stopped a flow of money from venture capitalists to startups. The median valuation for seed financing reached $2.9 million in 2011, the highest total since 2001, according to Dow Jones VentureSource. The Wall Street Journal/Venture Capital Dispatch blog (9/27) LinkedInFacebookTwitterEmail this Story
  • Derivatives pricing should reflect relevant funding rate
    The Black-Scholes derivatives-valuation model's approach to "risk-free" interest rates should be more realistic, critics say. Assumptions of the model need to be revised, and the industry should apply the funding rate most relevant to the bank trading the derivative. CNBC (9/18) LinkedInFacebookTwitterEmail this Story

  • Other News
  • Other News
  Forensic Corner 

  • Dodd-Frank stumbles in court challenges
    The Dodd-Frank Act, approved by Congress after much agonizing and opposition, is being picked apart in court challenges. "The judges seem more than willing to say that the rules adopted in the aftermath of the financial crisis simply can't be enforced because of procedural defects," said Donald Langevoort, a professor of securities at Georgetown University. The Washington Post (10/5) LinkedInFacebookTwitterEmail this Story
  • Collaborative divorce provides a more positive framework
    Collaborative divorce is a less adversarial approach to traditional litigation that focuses on getting spouses to agree on financial and custody issues. Unlike traditional negotiations, in which parties make high demands and low offers, only to compromise in the middle, the collaborative technique encourages the two sides to be more realistic about what they need and what they can pay. The Hartford Courant (Conn.) (9/27) LinkedInFacebookTwitterEmail this Story
  • U.K. strengthens guidance on bribery law
    The U.K. Serious Fraud Office updated guidance on corporate corruption and bribery. The guidance addresses facilitation payments, business expenditures and self-reporting. When the guidance was first released, the self-reporting standard was criticized as too lax. Lawyers are still waiting for the U.S. Department of Justice to issue updated guidance on the Foreign Corrupt Practices Act. Corporate Counsel magazine online (10/10) LinkedInFacebookTwitterEmail this Story
  • Other News
AICPA Forensic & Valuation Services Conference
November 11-13, Orlando, Fla.: This must-attend conference now boasts an Emerging Program for Rising Forensic and Valuation Professionals and is preceded by the CFF and ABV Exam Review Courses. Don't miss the one-stop learning experience that will be suitable for all experience levels. > Register Now
  • Registration for CFF or ABV fall exam is open until Oct. 29
    The FVS Section offers two credentials: Certified in Financial Forensics and Accredited in Business Valuation. To become a CFF or ABV credential holder, candidates must successfully pass the CFF or ABV exam and meet minimum experience and education requirements. See more information about the CFF or ABV exam, including registration, scheduling, preparation, access to the Content Specification Outline and more. LinkedInFacebookTwitterEmail this Story
  • Quick reference guide and computer-forensics white paper are available for FVS Section members
    The newly released Quick Reference Guide: Top Misappropriation Schemes and Computer Forensic Services and the CPA practitioner white paper are available for download by FVS Section members as a benefit of membership. The quick reference guide is intended to provide an easy reference to identify common indicators, resources and prevention tips for some of the most prevalent asset-misappropriation schemes. The white paper provides CPAs with a background in computer forensics and related data analytics as well as evidence and discovery management. Not an FVS Section member? Join now. Save $50 when you use promo code FVE12. LinkedInFacebookTwitterEmail this Story

  • Purchase: FVS practice aid "Calculating Intellectual Property Infringement Damages"
    This practice aid is designed to provide guidance to forensic accountants with business or litigation experience concerning intellectual property rights and calculating infringement damages. It focuses on the theoretical, legal, economic and accounting foundations of intellectual property and methodologies commonly employed in the calculation of intellectual property damages. FVS Section members can log in and download the e-book as a benefit of membership. Not an FVS Section member? Join now. Save $50 when you use promo code FVE12. Order your copy. LinkedInFacebookTwitterEmail this Story
  AICPA FVS Events 
  • FVS practitioners round table: Ways to Gain Business Valuation Experience
    Are you interested in adding value to your practice? If so, the AICPA is providing an opportunity to speak with expert valuation practitioners, who will provide insight on potential ways to gain experience in this growing area of practice. Expert practitioners for this event are Gary Trugman, CPA/ABV, of Trugman Valuation Associates and Brian Pearson, CPA/PFS/ABV, of Valuation Advisors. This event is scheduled from 3 to 4 p.m. ET on Oct. 23. The call-in number is (866) 446-9850, and the identification number is 83013#. Dial in and begin adding value to your firm! LinkedInFacebookTwitterEmail this Story
  • AICPA National Forensic Accounting Conference and AICPA National Business Valuation Conference will be co-located next month in Orlando, Fla.
    The AICPA Forensic & Valuation Services Conference, scheduled Nov. 11 to 13 in Orlando, Fla., will provide a one-stop learning experience for forensic and valuation practitioners. This event gathers top experts in forensic accounting and business valuation and focuses on subject matter most relevant to professional development and business needs. This must-attend conference will boast the Emerging Program for Rising Forensic and Valuation Professionals and is preceded by the CFF Exam Review Course and ABV Exam Review Course. FVS/CFF/ABV member discount applies. Don't miss this one-of-a-kind conference. Register. LinkedInFacebookTwitterEmail this Story
Learn more about FVSJoin FVS Section  |  Become a CFF  |  Become an ABV
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Greek philosopher

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Contact AICPA
AICPA Service Center
220 Leigh Farm Road
Durham, NC 27707-8110
Phone: 888.777.7077
Fax: 800.362.5066
About the Forensic and Valuation Services Section
The Forensic and Valuation Services Section is designed to provide CPAs with a vast array of resources, tools and information about forensic and valuation services. The FVS Section serves CPAs who hold the Accredited in Business Valuation and Certified in Financial Forensics specialty credentials, members of the FVS Section, AICPA members and others.
About the Accredited in Business Valuation Credential
The Accredited in Business Valuation program provides specialized access to information, education, tools and support that enhance credential holders' ability to make a genuine difference for their clients and employers. ABV credential holders may brand or position themselves as premier business valuation service providers who differentiate themselves by going beyond the core service of reaching a conclusion of value and creating value for clients through the strategic application of this analysis.
About the Certified in Financial Forensics Credential
The Certified in Financial Forensics credential combines specialized forensic accounting expertise with the core knowledge and skills that make CPAs among the most trusted experts. The CFF credential encompasses fundamental and specialized forensic accounting skills that CPA practitioners apply in a variety of service areas, including: bankruptcy and insolvency; computer forensics; economic damages; family law; fraud investigations; litigation support; stakeholder disputes and valuations. To qualify, a CPA must be an AICPA member in good standing, have at least five years of experience in practicing accounting, and meet minimum requirements in relevant business experience and continuing professional education.

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