Reading this on a mobile device? Try our optimized mobile version here:

January 17, 2012
Sign upForwardArchiveAdvertise
Brought to you by the American Institute of CPAs

  Forensic Corner 
  • Technology-assisted discovery still needs a human touch
    Studies found that technology-assisted document review can be more accurate than the old-fashioned human approach, and it costs less. However, experts such as linguists and statisticians can improve the process even more, ensuring that technological methodology stands up to court scrutiny. Forbes (1/9) LinkedInFacebookTwitterEmail this Story
  • How divorce can complicate business valuation
    A recent case in Ohio illustrates the difficulty of valuing business assets in a divorce. Courts should avoid "double dipping," or counting a business' income toward valuation and spousal support. Instead, judges are to separate current and future income from the business' material assets before making the calculation. (12/28) LinkedInFacebookTwitterEmail this Story
  • SEC alters boilerplate settlement language
    The Securities and Exchange Commission tweaked its boilerplate language on settlements, although the changes don't affect the agency's general approach. "The new policy does not require admissions or adjudications of fact beyond those already made in criminal cases, but eliminates language that may be construed as inconsistent with admissions or findings that have already been made in criminal cases," said SEC Enforcement Director Robert Khuzami. The New York Times (tiered subscription model) (1/6), Bloomberg (1/6) LinkedInFacebookTwitterEmail this Story
  • Why you should reread Rule 26 for expert witnesses
    Following Rule 26 for expert witnesses under the Federal Rules of Civil Procedure got easier after it was revised in 2010, attorneys said. However, expert reports must conform to the rule precisely or an expert could be disqualified from testifying. Reports should contain all elements stated in the rule, including a statement of opinion, facts considered and exhibits. BullsEye blog (1/3) LinkedInFacebookTwitterEmail this Story
  • Other News
  Valuation Corner 
  • Financial assets benefit from third-party valuation
    Having an independent source opine on the value of a financial asset can improve investors' confidence. Third-party valuation strengthens investor and regulator certainty because third parties typically have no financial interest. "[I]ndependent scrutiny of the valuation of financial assets is necessary to attract the private capital of investors to lift the markets in the wake of the credit crunch," a blogger writes. American Banker (free registration)/BankThink blog (1/8) LinkedInFacebookTwitterEmail this Story
  • Employee buyers offer opportunity for succession planning
    Business owners looking for an exit might want to consider selling to an employee. A committed team member could have what it takes to ensure the business continues to thrive. However, CPAs should help clients plan such a transition to avoid conflicts and to structure the deal correctly. CPA Insider (1/9) LinkedInFacebookTwitterEmail this Story
  • Case study: Don't ignore expenditures in business valuation
    An analysis by Warren Buffett illustrates the reason annual capital expenditures shouldn't be overlooked when weighing cash flow for a potential business acquisition. The value could be significantly overstated unless expenditures are deducted from the sum of reported earnings and depreciation. (1/2) LinkedInFacebookTwitterEmail this Story
  • DOL's Borzi acknowledges difficulty of fiduciary-rule request
    Phyllis Borzi, an official at the Department of Labor, acknowledged that it might not be feasible for financial firms to provide information requested within a set timeline. The information is meant to help the DOL repropose a rule that would subject retirement-plan advisers to a more stringent fiduciary standard. InvestmentNews (free registration) (1/9) LinkedInFacebookTwitterEmail this Story
  • 4 best practices for M&A
    The first step to executing a successful merger is to be fully informed about the target business, the industry and the country of location, experts said. Perform due diligence about potential earnings early on. Avoid the temptation to over-leverage. Address problems with employees or company culture quickly after an acquisition, even if it takes time to integrate them fully. (1/5) LinkedInFacebookTwitterEmail this Story
  • New Feed the Pig PSAs aim to improve financial future of 25- to 34-year-olds
    On Jan. 5, the CPA profession launched the next phase of its award-winning Feed the Pig campaign by releasing new public service announcements. Through this effort, the AICPA and the majority of state CPA societies, in partnership with the Ad Council, are improving the financial behavior of adults ages 25 to 34 by encouraging them to save more. To learn more and to access resources promoting Feed the Pig's savings message, visit the AICPA's Financial Literacy Resource Center. You also can view the PSAs. LinkedInFacebookTwitterEmail this Story
  AICPA FVS Events 
  • Live webinar: "Pass-through Entity Valuation 2012: Research and Methods," with Nancy Fannon and Keith Sellers
    In this webinar, Pass-through Entity Valuation 2012: Research and Methods, scheduled 3 to 5 p.m. Eastern on Thursday, you will learn how to value pass-through entities. This session will cover methods most commonly used to value pass-through entities and academic research of which analysts should be aware when applying such methods. Register! LinkedInFacebookTwitterEmail this Story
  • Live webinar: "Forensic Analysis Expert Witness Testimony: Defending Your Expert Report and Expert Testimony," with Robert Reilly
    In this FVS webinar, Forensic Analysis Expert Witness Testimony: Defending Your Expert Report and Expert Testimony, scheduled 3 to 5 p.m. Eastern on Feb. 2, Robert Reilly will discuss elements of the forensic-analysis assignment, including valuation, lost profit, economic damage, transfer price and other types of assignment; guidelines for preparing effective expert-witness reports; guidelines for presenting clear, convincing and cogent expert testimony; and the process of an analyst requesting and accepting legal instructions from legal counsel during all phases of the forensic-analysis assignment. Register! LinkedInFacebookTwitterEmail this Story
  • Limited seats are available for AICPA Expert Witness Skills Workshop: Secure your seat!
    The three-day, highly interactive and hands-on AICPA Expert Witness Skills Workshop is scheduled July 26 to 28 in Chicago. This second-annual workshop will offer an opportunity to fully participate in the process as it relates to expert-witness testimony during a deposition or trial. In the real-life courtroom environment, you will practice your skills and be critiqued. Spend three days working with practicing lawyers, experiencing hands-on case studies, learning how to prepare for trial or arbitration and "testifying" in a mock trial. Register before March 18 and save $100. FVS Section members and ABV or CFF credential holders save an additional $100. Class size is limited. Register! LinkedInFacebookTwitterEmail this Story
Learn more about FVSJoin FVS Section  |  Become a CFF  |  Become an ABV
The secret of success is to do common things uncommonly well."
--John D. Rockefeller,
American industrialist

LinkedInFacebookTwitterEmail this Story


AICPA FVS Section Resources

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Contact AICPA
AICPA Service Center
220 Leigh Farm Road
Durham, NC 27707-8110
Phone: 888.777.7077
Fax: 800.362.5066
About the FVS Section
The Forensic and Valuation Services specialty area 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 ABV 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 CFF 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.

 Recent Forensic & Valuation Reporter Issues:   Lead Editor:  Ashley Fletcher Frampton
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2012 SmartBrief, Inc.® Legal Information