Forensic and Valuation Services (FVS)

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 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.

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.

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 Understanding the Forensic Technology Landscape: A reference guide for practitioners. 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 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.

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.

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 Understanding the Forensic Technology Landscape: A reference guide for practitioners. 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 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.

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.

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 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.

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.

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 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.

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.

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 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.

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.

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 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.

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.

Guests: Doug Aguilera, CPA/CFF, CGMA, CFE
             Derek Duarte, Senior Vice President, UnitedLex
             Kyle Kelly, Senior Technical Program Manager –                 eDiscovery, Coinbase

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.

The following topics are discussed.

• The extensive variety of electronic discovery requests that companies face,
• Collection and analysis considerations, and
• The tools used to meet discovery collection, and analysis needs.

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.

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.

Guests: Doug Aguilera, CPA/CFF, CGMA, CFE
             Derek Duarte, Senior Vice President, UnitedLex
             Kyle Kelly, Senior Technical Program Manager –                 eDiscovery, Coinbase

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.

The following topics are discussed.

• The extensive variety of electronic discovery requests that companies face,
• Collection and analysis considerations, and
• The tools used to meet discovery collection, and analysis needs.

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.

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.

Guests: Josh Shilts, CPA/ABV/CFF/CGMA 
             Bradford Cornell, PhD

The concept of terminal value is one that is used throughout business valuation. 

Josh and guest Bradford Cornell discuss:

• A brief history of the terminal value
• The challenges of using steady growth models
• How to use long-term growth models

The podcast will also discuss some important issues to consider such as:

• Litigation concerns
• Evaluating impact of long-term growth models
• Price vs. value

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.

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.

Guest(s): Doug Aguilera, CPA/CFF, CGMA, CFE
               Randy Wolverton, CPA
               Anna Maria Cicirello, CA, CPA, CBV, CPA/CFF/ABV, CGMA

Phishing is a cybercrime that relies on social engineering tactics to trick users into making security mistakes or give away sensitive information. This two-part podcast takes a deeper dive into the FVS Eye on Fraud quarterly report on Phishing - Getting reeled in and discusses at the following:

• How phishing schemes have changed due to the pandemic and the impact of technology
• The financial, operational and reputational impact of phishing on organizations
• Prevention and mitigation tips for organizations and for practitioners

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.

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.

Guest(s): Doug Aguilera, CPA/CFF, CGMA, CFE
               Randy Wolverton, CPA
               Anna Maria Cicirello, CA, CPA, CBV, CPA/CFF/ABV, CGMA

Phishing is a cybercrime that relies on social engineering tactics to trick users into making security mistakes or give away sensitive information. This two-part podcast takes a deeper dive into the FVS Eye on Fraud quarterly report on Phishing - Getting reeled in and discusses at the following:

• An introduction into phishing and its evolution over the years
• The anatomy of a typical phishing attach
• A discussion of some of the more common fraud scams

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.

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.

Guests: Vera Moll, KPMG Netherlands
             Mike Broekhof, KPMG NetherlandS
             Anna Maria Cicirello, KPMG Canada

With the growing trend and market demand for organizations to be more transparent with respect to the sustainability practices and their acknowledgement of social responsibility policies, there has been enhanced focus on ESG (environmental and social governance) reporting.  This two-part podcast series explores how sustainability fraud (sometimes loosely termed “greenwashing”) is perpetrated within the context of the fraud triangle across different industries.  We will also look at and explore proactive risk considerations for practitioners and management in order to guard against sustainability fraud.

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.

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.

Guests: Vera Moll, KPMG Netherlands
             Mike Broekhof, KPMG Netherlands
             Anna Maria Cicirello, KPMG Canada

With the growing trend and market demand for organizations to be more transparent with respect to the sustainability practices and their acknowledgement of social responsibility policies, there has been enhanced focus on ESG (environmental and social governance) reporting.  This two-part podcast series explores how sustainability fraud (sometimes loosely termed “greenwashing”) is perpetrated within the context of the fraud triangle across different industries.  We will also look at and explore proactive risk considerations for practitioners and management in order to guard against sustainability fraud.

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.

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.

Guests: Sugi Hadiwijaya and Vin Batra

This podcast will discuss the value creation for private companies in respect to two factors: EBITA/cash flow and capital structure.  Topics include:

• Understanding the concept of key growth and performance improvement drivers and valuation
• Strategies to maximize value
• Establishing a value creation framework as a means for business growth

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.

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.

Guests: Josh Shilts, CPA/ABV/CFF/CGMA and Richard Claywell, CPA

Company specific risk premium is the metric that captures unique risk to a business and is comprised of external and internal factors.  Understanding how to identify and document these components is critical to providing valuations that are thoroughly supportable and defensible.

Josh and guest Richard Claywell discuss:

• A brief history of CSRP
• Qualitative and quantitative components of CSRP
• Litigation and CSRP

The podcast will also discuss some important issues to consider such as:

• How and when to apply reasonable assumptions in your analysis
• How to assess internal or management risk
• Help attorneys and clients understand CSRP

Guests: Josh McDougall and Anna Maria Cicirello, CA,CPA/CFF/ABV,CBV 

With the emergence and popularity of cryptocurrency, there now exists a new avenue to hide assets during contentious proceedings.  In this podcast we will discuss:

• Indicators that a person or entity holds crypto assets
• Gaining access to crypto records
• Recommendations for forensic practitioners

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.

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.

Guests: Josh McDougall and Anna Maria Cicirello, CA,CPA/CFF/ABV,CBV  

With new technologies come new opportunities for bad actors to exploit advantageous conditions that may increase the fraud landscape.  In this podcast we explore:

• What blockchain and cryptocurrencies are
• The risks and benefits of blockchain technology
• Ways to mitigate against fraud risk

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.

Guests: Craig Jacobson, MBA and Jevon Thomas, CPA, CFE, CAMS

This podcast will engage the audience in detailed discussion on specific Solvency Opinions topics as a continuation from the Solvency Evaluation in Fraudulent Transfer Actions  webcast. 

Topics for discussion:

• Understand differences between Valuation and Solvency Opinions
• Discuss recent COVID-19 industry impacts (e.g., High-end Retail, Restaurant, Entertainment, Hotels) on Solvency Opinions
• Discuss Solvency Opinions within the legal and regulatory environment

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.

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.

Guests: Josh Shilts, CPA/ABV/CFF/CGMA 
Ken Rugeti, CPA, ABV, CFF

Reasonable Certainty is a legal definition that sets the standard by which courts hold estimates of damages claimed in a lawsuit.  When a party in a legal action claims damages, experts are retained to provide a damages analysis that will be scrutinized under this threshold.

Josh and guest Ken Rugeti discuss:

• General damages
• Consequential damages
• Examples of these concepts from real-life cases

The podcast will also discuss some important issues to consider such as:

• How and when to apply reasonable assumptions in your analysis
• Admissibility vs. cross examination
• How to use management projections

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.

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.