Financial Litigation (Tuesday)

Fraud Risk in M&A and Valuations

Tuesday, December 14, 2021 9:00 a.m. - 9:50 a.m. ET

The session will cover, inter alia, the following :

  • Common and uncommon instruments of fraud in M&A and valuations
  • Signals that data is wrong, incomplete, misleading, or misrepresented
  • Identification of Red Flags in data and in behavior of participants
  • Tools and techniques to detect deception and diversion
  • Psychology and motivations of fraud and fraudulent behavior
  • Mitigation and redressal of frauds

Case studies drawn from real life transactions will be used to present the above.

After this session, attendees will be able to:

  • Identify the potential for and recognize fraud risks in M&A and Valuation contexts
  • Recognize fraud indicia, symptoms, and red flags
  • Assess fraud and practice appropriate defensive measures, so as not becoming victims
  • Analyze the instruments of fraud and the behavioral psychology behind fraud
  • Use the practical tools required for identifying, mitigating, and redressing potential fraud in M&A and Valuation transactions

Total CPE: 1
Fields of Study: Finance: 1
Program Level: Advanced - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This session will be useful to professionals in the Accounting, Auditing, Finance, Strategy, and Business planning functions. Participants could be practitioners in the above areas or working in corporations or firms with responsibility for, or involvement in originating, executing, supervising or auditing M&A and valuation deals.

Prerequisites:

Good knowledge of topic and experience in the field. Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area.

Advanced Preparation:

None


Business Interruptions: Claim Opportunities and Types of Business Interruption Calculations

Tuesday, December 14, 2021 10:10 a.m. - 11:50 a.m. ET

Information Forthcoming 

Information Forthcoming


Total CPE: 2
Program Level: None

Who Should Attend:

None

Prerequisites:

Good knowledge of topic and experience in the field. Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area.

Advanced Preparation:

None

Kerrie Merrifield

Kerrie  Merrifield

CPA, ABV, CFF, MAFF

Read Biography

The Unimpeachable Rebuttal

Tuesday, December 14, 2021 12:10 p.m. - 1:00 p.m. ET

Whether an expert report is written, oral, or a hybrid of both, the form of any report should be appropriate for the engagement, its purpose, its findings, and the needs of the decision-makers who receive and rely upon it. So, what happens when the needs of the decision-maker (opposing counsel) are an expert report that simply attacks the opposing expert’s credibility? What do you do when the sole purpose of the opposing experts report is to muddy the water of truth with lies, fibs, treachery, and deceit? This course expands upon the concept of Unimpeachable Neutrality based upon the 2021 Quick Read Top Story titled "The Unimpeachable Rebuttal" by author C. Zachary Meyers, CPA, CVA. In an effort to expand upon guidance as set forth in the Quick Read series "Unimpeachable Neutrality", this course will focus on expert rebuttal report pitfalls, provide real life examples of rebuttal techniques commonly used by hired gun expert witnesses, and discusses how to quell the no good, naysaying, disingenuous opposing expert report.

  • Formulate an appropriate response to an expert rebuttal report in a litigation engagement as set forth in the NACVA standards based upon the expert report purpose, its findings, and the needs of the decision-makers who receive and rely upon it
  • Identify the different rebuttal techniques commonly used by hired gun expert witnesses and respond in an unimpeachably neutral

Total CPE: 1
Fields of Study: Behavioral Ethics: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This course is aimed at providing guidance to practitioners who provide expert witness services, testimony, and/or expert reports/opinions with regards to forensic accounting, economic damages, or valuation for civil, matrimonial, or criminal litigation.

Prerequisites:

Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.

Advanced Preparation:

None

Zach Meyers

Zach  Meyers

CPA

Read Biography

Using the Correct Standard of Value is Critical

Tuesday, December 14, 2021 4:00 p.m. - 5:40 p.m. ET

Using the wrong standard of value can result in the wrong value being applied to the business. This can result in appraiser malpractice; excessive income, estate, or gift taxes being paid; an unfair property settlement in divorce; or a shareholder dispute being improperly decided. This session will identify three major standards of value, i.e., fair market value, fair value, and divorce value, and compare and contrast them to demonstrate differences of critical importance to business appraisers.

  • Describe how all professional business valuation standards require that the standard of value be defined in every appraisal assignment
  • Define the different standards of value and provide authoritative sources of guidance, where possible, to assist the appraiser in properly defining the standard of value used in the assignment

 


Total CPE: 2
Fields of Study: Management Services: 2
Program Level: Basic - Learning activity level most beneficial to individuals new to a skill or an attribute.

Who Should Attend:

Business valuation professionals need to know the requirements of applying the correct standard of value in every appraisal assignment. Attorneys, judges, CPAs and financial advisors will benefit from a sound understanding of the fundamentals of standard of value as it applies to business valuation.

Prerequisites:

Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.

Advanced Preparation:

None