AICPA Forensic and Valuation Services (FVS)

de AICPA Forensic and Valuation Services (FVS)

Forensics | Valuation | Litigation | Consulting

Episodios

Bankruptcy in a post-COVID world

por AICPA Forensic and Valuation Services (FVS)

Guests: Josh Shilts, CPA/ABV/CFF/CGMA and Melissa Davis, CPA

The impact of the COVID pandemic on businesses and bankruptcy did not play out as many had anticipated.  The support from the government through the CARES act and PPP loans appears to be helping individuals and businesses stay out of bankruptcy, but there is uncertainty around how long this will last.

Josh and guest Melissa Davis, CPA discuss:

  • Low interest rates and government assistance appear to be holding off bankruptcy filings for now
  • The economic uncertainty should be impacting company valuations going forward
  • Knowledge of the client’s industry, business, and economic help professionals prepare supportable valuations when helping a client navigate Chapter 11.

The podcast will also discuss some important strategies such as:

  • Liquidation analysis considerations
  • Potential clients and related services that practitioners may assist and provide during bankruptcy proceedings
  • Practice management considerations to assess before taking on this type of work

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.

Cybersecurity Threats, Incident Responses and Lessons to be Learned (Part 2)

por AICPA Forensic and Valuation Services (FVS)

Guest(s): Michael Tran Duff, Assistant Vice President, Chief Information Security Officer (CISO) and Chief Privacy Officer (CPO), Stanford University

Doug Aguilera, CPA, CFF, CGMA, CFE

Cybersecurity threats are one of the biggest risks to an organization with little to no margin for weaknesses.  We discuss the types of cybersecurity threats, response preparation and the strategic use of lessons learned.  In this 2-part series, we’ll discuss:

  • The types of information being sought after
  • Who the bad actors are - State-sponsored organizations, organized crime, and others
  • Risk models
  • The types of breaches, including phishing and access to networks and systems
  • Responses when you do have a breach. Incident response systems, including planning, executing, learning, and implementing improvements
  • Information accumulated in an effective investigation

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.

Cybersecurity Threats, Incident Responses and Lessons to be Learned (Part 1)

por AICPA Forensic and Valuation Services (FVS)

Guest(s): Michael Tran Duff, Assistant Vice President, Chief Information Security Officer (CISO) and Chief Privacy Officer (CPO), Stanford University

Doug Aguilera, CPA, CFF, CGMA, CFE

Cybersecurity threats are one of the biggest risks to an organization with little to no margin for weaknesses.  We discuss the types of cybersecurity threats, response preparation and the strategic use of lessons learned.  In this 2-part series, we’ll discuss:

  • The types of information being sought after
  • Who the bad actors are - State-sponsored organizations, organized crime, and others
  • Risk models
  • The types of breaches, including phishing and access to networks and systems
  • Responses when you do have a breach. Incident response systems, including planning, executing, learning, and implementing improvements
  • Information accumulated in an effective investigation

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.

Rise of the Daubert Challenge

por AICPA Forensic and Valuation Services (FVS)

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

In 1993 the U.S. Supreme Court made it ruling in the case Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579 (1993).  This case established the Daubert standard and provides criteria by which the trial judge may make a preliminary assessment of the admissibility of expert testimony presented in United States federal (and most state) legal proceedings.

Josh and guest Richard Pollack, CPA, ABV, CFF, PFS, CGMA discuss:

  • Daubert fundamentals
  • How to prepare for a Daubert challenge
  • The importance of due diligence and supporting your position

The podcast will also discuss some important strategies such as:

  • Being your own advocate and not the attorney’s
  • Remembering the importance of using reasonable and generally accepted principles in your work
  • Avoiding ‘rushed engagements’

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.

‘Small Firm’ Valuation Practices – Challenges and Opportunities

por AICPA Forensic and Valuation Services (FVS)

Guests: Asif Charania, CPA/ABV/CFF; Josh Shilts, CPA/ABV/CFF/CGMA 

The podcast discusses how ‘small firm’ valuation practices presents both challenges and opportunities for valuation professionals.   Hear about the diverse professional opportunities and broad spectrum of clients the small firm environment can offer.  Josh and Asif talk about:

  • The great opportunities to help clients grow to the next level
  • What it’s like to build a valuation practice
  • The challenges of juggling competing priorities

The podcast will also discuss some important strategies such as:

  • Adjusting a practice to meet changes in the economic and political landscape
  • How managing a small practice develops skills that translate well to helping clients
  • Importance of succession planning and staff development

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.

Lifecycle of the FVS Professional

por AICPA Forensic and Valuation Services (FVS)

Guests: Dean Driskell, CPA/ABV/CFF and Josh Shilts, CPA/ABV/CFF/CGMA

The podcast discusses the many paths available to accounting and finance majors who want to pursue a career in forensics and valuation services.  Hear about the real-world experiences that helped shape the careers of Josh and Dean, and how accounting and finance disciplines complement each other through the different stages of one’s career.  Topics addressed include:

  • How finance and accounting intersect for FVS professionals
  • The importance of understanding your audience
  • The diverse opportunities within the profession

The podcast will also discuss some key qualitative skills that are critical to success:

  • Clear and cohesive writing
  • Oral presentation
  • Finding opportunities to improve these skills

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.

Valuation of Prince’s Estate

por AICPA Forensic and Valuation Services (FVS)

Guests: Heather Tullar, CPA/ABV, ASA and Josh Shilts, CPA/ABV/CFF, CGMA, CFE

The podcast discusses some of the issues surrounding the valuation of Prince’s estate and the complexities that arise when working on a multi-faceted engagement with a wide spectrum of hard to value or highly specialized assets. Topics addressed include:

  • Valuation of intangible assets
  • Identifying the right team of experts
  • Preparing a defensible valuation

The podcast will also discuss some key concepts that will help professionals new to valuation

  • Understanding that reasonable professionals can differ and still have a defensible valuation
  • The importance of standing by your opinion
  • Know ‘why’ the value is what it is

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.

Growth Rates & Personal Injury

por AICPA Forensic and Valuation Services (FVS)

Guest: Holly Sharp, CPA, CFF, CFE

Personal Injury Economic Loss Calculations

When do you consider growth rates in personal injury economic loss calculations?

  • Lost Earnings
  • Lost Fringe Benefits
  • Lost Household Services
  • Future Medical Costs

What sources do you consult to establish growth rates?

How do you model growth rates in the economic loss calculation?

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.

Building a Compliance Convertible

por AICPA Forensic and Valuation Services (FVS)

Guests: Ranjana Ramchandran, Senior Manager, Forensic & Integrity Services, Ernst & Young, LLP and Adam Ozgo, Senior Manager, Forensic & Integrity Services, Ernst & Young, LLP

In this podcast, presenters discuss the DOJ guidance on evaluation of corporate compliance programs, which came out in the summer of 2020. While state and local governments were dealing with the immediate impact of the pandemic, main Justice continued its longer-term campaign to strengthen corporations’ defenses against fraud.

There are three fundamental questions the guidance poses that companies can apply today in assessing and strengthening their corporate compliance program.

  1. Is the corporation’s compliance program well designed?
  2. Is the program being applied earnestly and in good faith? In other words, is the program being implemented effectively?
  3. Does the corporation’s compliance program work in practice?

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.

Coronavirus and Economic Damages: How to Incorporate the Pandemic Into Your Damages Analysis

por AICPA Forensic and Valuation Services (FVS)

Guest: Dave Douglass, CFA/FRM/CFE, and Carey Miller, CPA/CFF

The COVID-19 pandemic is unprecedented in modern times. As we deal with ongoing litigation as a result of COVID-19, it is important to understand how we should be incorporating the pandemic into our economic damages analyses. In this episode, Dave Douglass discusses the impact of COVID-19 on developing the damages theory, important questions damages experts should ask in preparing a damages opinion, and data that can be useful in quantifying the impact of COVID-19.

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.

Learn how fraud and valuation matters are handled during bankruptcy

por AICPA Forensic and Valuation Services (FVS)

Guests: Sugi Hadiwijaya, Partner, CR3 Partners LLC, and Jermaine Watson, Partner, Bonds Ellis Eppich Schafer Jones

The podcast highlights basic aspects on how fraud-related matters are managed in bankruptcy context.  The podcast will cover issues such as:

  • automatic stay
  • ability to segregate operating assets from fraud-based liabilities
  • typical outcome in fraud-driven bankruptcy filings

The podcast will also discuss the valuation in bankruptcy which is primarily related to establishing reorganized value. It’ll cover:

  • critical purpose since reorganized value will drive recovery for stakeholders
  • valuation fight and how it is generally handled via opposing valuation expert reports and testimonies
  • factors bankruptcy judges may use to rule in valuation fight

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.

COVID-19 Impact on the Market Approach

por AICPA Forensic and Valuation Services (FVS)

Guests: Travis Harms, CPA/ABV/CEIV & Hubert Klein, CPA/ABV/CFF

Category: Professional development

How do we apply the market approach during the pandemic? Is the market approach useful at this time? What do signals from public markets for large and small cap stocks tell us about our typical private clients?

In this episode of the FVS Section Podcast, Travis Harms and Hubert Klein discuss these questions and more, including trailing versus forward-looking multiples and public versus private volatility.

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.

ABV Credential Committee Chair Update – October 2020

por AICPA Forensic and Valuation Services (FVS)

Guests: Bethany Hearn, CPA/ABV/CFF & Austin Lee, CPA/ABV Category: Professional development

The ABV Credential Committee is working on staying connected with members despite the global pandemic and helping them raise the awareness and value of their ABV credential. The Committee added a statement about diversity, equity and inclusion to its objectives and helped record a 7-part podcast series on diversity in the profession. Looking forward, the Committee is evaluating opportunities to improve educational offerings and expand the ABV credential globally. Listen to this message from committee members Bethany Hearn (chair) and Austin Lee.

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.

Valuation Dates in a Litigation Context

por AICPA Forensic and Valuation Services (FVS)

Guests: Karolina Calhoun, CPA/ABV/CFF & Hubert Klein, CPA/ABV/CFF
Category: Professional development

The valuation date is a point in time at which a business or business interest is being valued. The valuation date can vary based on the type of engagement and by jurisdiction for litigation engagements. In this episode of the FVS Section Podcast, Karolina Calhoun and Hubert Klein discuss the importance of valuation dates in a litigation context and how the COVID-19 pandemic has impacted the importance of valuation dates.

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.

Closing the Gap: Diversity and Inclusion in FVS Part 7

por AICPA Forensic and Valuation Services (FVS)

Guests: Bethany Hearn, CPA/ABV/CFF, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV
Category: Practice Management

Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. A pathway towards a more inclusive workforce requires building a pipeline not only to the CPA but also to the specializations. As discussed in our last episode, a pathway towards a more inclusive workforce requires efforts by institutions to attract, retain, and advance talent as it comes through the pipeline. Resources and programs such as unconscious bias training, mentorship/sponsorship programs and business resource groups can be used to help raise awareness, make connections and create a more diverse and inclusive environment. So, what does success look like? What are some examples of how the tools and resources discussed in previous episodes have manifested in firm success. Bethany Hearn, Rumbi Petrozzello and Kirstine Connors provide examples from their personal experience of what successful diversity and inclusion looks like in forensic and valuation services.

In this episode, they discuss:

  • Why the specializations and credentials are important
  • Career advancement for women

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.

Closing the Gap: Diversity and Inclusion in FVS Part 6

por AICPA Forensic and Valuation Services (FVS)

Guests: Bethany Hearn, CPA/ABV/CFF, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. A pathway towards a more inclusive workforce requires building a pipeline not only to the CPA but also to the specializations. As discussed in our last episode, a pathway towards a more inclusive workforce requires efforts by institutions to attract, retain, and advance talent as it comes through the pipeline. Resources and programs such as unconscious bias training, mentorship/sponsorship programs and business resource groups can be used to help raise awareness, make connections and create a more diverse and inclusive environment. So, what does success look like? What are some examples of how the tools and resources discussed in previous episodes have manifested in firm success. Bethany Hearn, Rumbi Petrozzello and Kirstine Connors provide examples from their personal experience of what successful diversity and inclusion looks like in forensic and valuation services.

In this episode, they discuss:

  • Career paths for women in the accounting profession
  • The importance of flexibility and work life balance
  • The partner track for women in accounting
  • Sponsorship, Mentoring and Coaching

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.

Closing the Gap: Diversity and Inclusion in FVS Part 5

por AICPA Forensic and Valuation Services (FVS)

Guests: Bradley Preber, CPA/CFF/CGMA, CFE, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As discussed in our last episode, a pathway towards a more inclusive workforce requires building a pipeline not only to the CPA but also to the specializations, with a focus on recruitment and retention. But what can institutions do to attract, retain and advance talent as it comes through the pipeline? Resources and programs such as unconscious bias training, mentorship/sponsorship programs and business resource groups can be used to help raise awareness, make connections and create a more diverse and inclusive environment. Bradley Preber, Rumbi Petrozzello and Kirstine Connors discuss ways to attract, retain and advance diversity and inclusion in the CFF and ABV specializations.

In this episode, they discuss:

  • CEO Action for Diversity and Inclusion Pledge
  • Unconscious Bias Training
  • Attraction, Retention and Advancement
  • Women’s Sponsorship and Mentorship Program
  • Selecting Mentors/Sponsors
  • How to Expand the Program to other groups

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.

Closing the Gap: Diversity and Inclusion in FVS Part 4

por AICPA Forensic and Valuation Services (FVS)

Guests: Bradley Preber, CPA/CFF/CGMA, CFE, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As discussed in our last episode, a pathway towards a more inclusive workforce requires building a pipeline not only to the CPA but also to the specializations, with a focus on recruitment and retention. But what can institutions do to attract, retain and advance talent as it comes through the pipeline? Resources and programs such as unconscious bias training, mentorship/sponsorship programs and business resource groups can be used to help raise awareness, make connections and create a more diverse and inclusive environment. Bradley Preber, Rumbi Petrozzello and Kirstine Connors discuss ways to attract, retain and advance diversity and inclusion in the CFF and ABV specializations.

In this episode, they discuss:

  • CEO Action for Diversity and Inclusion Pledge
  • Unconscious Bias Training
  • Attraction, Retention and Advancement
  • Women’s Sponsorship and Mentorship Program
  • Selecting Mentors/Sponsors
  • How to Expand the Program to other groups

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.

Closing the Gap: Diversity and Inclusion in FVS, Part 3

por AICPA Forensic and Valuation Services (FVS)

Guests: Kelly Richmond Pope, PhD, CPA, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As discussed in our last episode, a pathway towards a more inclusive workforce includes a focus on recruitment and retention. But how do we build the pipeline? How do we attract, retain and advance talent? High school programs need to build the pipeline, not only to the CPA, but also to the specializations, including CFFs and ABVs. University outreach programs need to build awareness of forensic and valuation career paths. CFF and ABV champions and mentor programs also help raise awareness and make connections. But what can these institutions and programs do to further diversity and inclusion? Kelly Richmond Pope, Rumbi Petrozzello and Kirstine Connors discuss building a diverse pipeline to the FVS and ABV specializations.

In this episode, they discuss:

  • Kelly’s career journey to forensic accounting and her current projects and methods as a forensic accounting professor
  • Diversity and Inclusion Outreach Efforts to Students
  • Are organizations doing enough?
  • The power that media has on the profession
  • CPAs of color in families as an entry point
  • How has Kelly’s multi-media approach to learning inspired students
  • Why did Kelly choose to get her CPA and FVS specialization?

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.

Ponzi and Investment Fraud Schemes Part 2

por AICPA Forensic and Valuation Services (FVS)

Guests: Howard Silverstone, CPA/CFF, Randy Wolverton, CPA/CFF & Hubert Klein, CPA/ABV/CFF

Ponzi schemes began in the 1800s but didn’t find their name until the 1920s. A century later, Ponzi and other financial fraud schemes continue to be prevalent. The COVID-19 pandemic will certainly give rise to new opportunities for fraudsters and scammers to take advantage of unwitting victims.

Howard Silverstone and Randy Wolverton discuss:

  • What is a Ponzi Scheme?
  • Why are Ponzi Schemes still successful in defrauding victims?
  • Examples of COVID-19 schemes including social media, non-investment schemes, and phishing attacks
  • What can CPAs do to help their clients and the public?

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.

Ponzi and Investment Fraud Schemes Part 1

por AICPA Forensic and Valuation Services (FVS)

Guests: Howard Silverstone, CPA/CFF, Randy Wolverton, CPA/CFF & Hubert Klein, CPA/ABV/CFF

Ponzi schemes began in the 1800s but didn’t find their name until the 1920s. A century later, Ponzi and other financial fraud schemes continue to be prevalent. The COVID-19 pandemic will certainly give rise to new opportunities for fraudsters and scammers to take advantage of unwitting victims.

Howard Silverstone and Randy Wolverton discuss:

  • What is a Ponzi Scheme?
  • Why are Ponzi Schemes still successful in defrauding victims?
  • Examples of COVID-19 schemes including social media, non-investment schemes, and phishing attacks
  • What can CPAs do to help their clients and the public?

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.

Closing the Gap: Diversity and Inclusion in FVS, Part 2

por AICPA Forensic and Valuation Services (FVS)

Guests: Jen Bao, CFA, Kathryn Byrne, CPA/CGMA, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

In the US, although CPAs are relatively balanced by gender, only 19% of firm partners are women. We see similar trends in the gender gap when it comes to specialized credentials, such as the ABV and CFF. The race gap in the CPA profession, unfortunately is one that stubbornly remains. Per a July 2019 Bloomberg article, of over 650,000 CPAs less than 1% are black and 7% are Hispanic. The race gap in the profession in general, flows through to a race gap in the specializations. Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As clients, markets and candidates have become more diverse, an inclusive workforce provides a means of sustaining innovation, improving global competency and tapping in to the buying power of a diverse global market. Studies show that companies with diverse management teams have higher revenues, outperform on profitability, and are more likely to have superior value creation. A pathway towards a more inclusive workforce includes a focus on recruitment AND retention.

Jen Bao, Kathryn Byrne, Rumbi Petrozzello and Kirstine Connors discuss the “Women at Mazars” initiative and its success in recruiting and retaining diverse candidates. In this episode, they discuss:

  • How has “Women at Mazars” impacted the firm? What are the metrics?
  • What is Jen’s experience seeing more diversity as a valuation specialist in forensic and valuation services at Mazars?
  • Are there other aspects of underrepresentation in our profession that Mazars is looking at?

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.

Closing the Gap: Diversity and Inclusion in FVS, Part 1

por AICPA Forensic and Valuation Services (FVS)

Guests: Jen Bao, CFA, Kathryn Byrne, CPA/CGMA, Rumbi Petrozzello, CPA/CFF & Kirstine Connors, CPA/ABV

In the US, although CPAs are relatively balanced by gender, only 19% of firm partners are women. We see similar trends in the gender gap when it comes to specialized credentials, such as the ABV and CFF. The race gap in the CPA profession, unfortunately is one that stubbornly remains. Per a July 2019 Bloomberg article, of over 650,000 CPAs less than 1% are black and 7% are Hispanic. The race gap in the profession in general, flows through to a race gap in the specializations. Diversity and inclusion are key to future proofing our profession as well as our ABV and CFF specializations. As clients, markets and candidates have become more diverse, an inclusive workforce provides a means of sustaining innovation, improving global competency and tapping in to the buying power of a diverse global market. Studies show that companies with diverse management teams have higher revenues, outperform on profitability, and are more likely to have superior value creation. A pathway towards a more inclusive workforce includes a focus on recruitment AND retention.

Jen Bao, Kathryn Byrne, Rumbi Petrozzello and Kirstine Connors discuss the “Women at Mazars” initiative and its success in recruiting and retaining diverse candidates. In this episode, they discuss:

  • Why Mazars decided that “Women at Mazars” was an important thing to do
  • What is “Women at Mazars” and information about the program

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.