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Is CAPM still the gold standard for determining cost of capital—or is it time for a rethink? Valuation expert Roger Grabowski explores why CAPM often fails in practice and how shifting toward investment-specific risk provides a more accurate framework for real-world decision-making. We also discuss multi-factor models, ASC 820 implications, and practical strategies for communicating risk concepts to courts and auditors. 

Key Takeaways 

• CAPM's Limitations: Decades of research show CAPM struggles to predict returns accurately, making it less reliable for valuation in practice.
• Investment-Specific Risk: Moving beyond company-specific risk to focus on risks tied to cash flows offers a clearer, more relevant approach.
• Aligning Theory with Practice: Modified CAPM, multi-factor models, and ASC 820's exit value concept help valuation professionals better reflect market realities and communicate effectively. 

Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guest: Roger Grabowski, FASA, Managing Director (ret.), Kroll LLC, Valuation Advisory Services
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Director, Forensic & Valuation Services, Dean Dorton

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

JOIN:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together.

EARLY CAREER GUIDANCE:  Welcome to a career in forensic and valuation services

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• FVS webcast archive | Developing discount rates for fair value reporting
• FVS Practice Aid | Discount Rates, Risks, and Uncertainty in Economic Damages Calculations

The FVS Valuation Podcast archives

• Discounted Cash Flows with Roger Grabowski
• Valuation in a Climate of Uncertainty
• Reconciling Discount Rates for Intangible Asset Valuation in PPAs
• Macroeconomic Update 2025 - Cost of Capital and Valuation Impact

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

 

In this episode, host Nene Glenn Gianfala sits down with Greg Endicott, a seasoned valuation professional and technology innovator, to discuss the transformative impact of artificial intelligence on the valuation industry.  Greg shares practical insights and a detailed 8-step framework for successfully integrating AI into valuation practices—whether you're part of a large firm or a solo practitioner there are opportunities for efficiency, automation, and market expansion.
Key takeaways

• AI Is transforming every aspect of valuation
• Transparency, auditability, and professional standards are critical risks
• A structured, 8-Step framework for successful AI implementation

Guest: Greg Endicott, CPA/ABV. ASA, Managing Director, Strategic Value Group, LLC and Founder and President of ValueVision, Inc. a Microsoft Partner developing an AI-enabled valuation workflow and knowledge management platform.
Host:  Nene Glenn Gianfala, CPA/ABV, Senior VP and Shareholder, Chaffe & Associates, Inc. 

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

JOIN:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together.

EARLY CAREER GUIDANCE:  Welcome to a career in forensic and valuation services

Guidelines for Responsible Use of Artificial Intelligence (AI) in Forensic and Valuation Services Engagements

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

The state of AI and machine learning in financial instrument valuation | FVS webcast archive

The FVS Valuation Podcast archives

• Using AI in Your Valuation Practice – Part 1
• Using AI in Your Valuation Practice – Part 2
• ESOPs: Preserving Culture, Valuation and Empowering Employees

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

 

Dave and Lisa explore the intricacies of the market approach highlighting the importance of using reliable market data and multiple valuation approaches to achieve accurate results. They discuss how risk factors and company size influence valuation multiples and provide practical tips for applying these concepts in real-world scenarios. Key takeaways include:

• Combining income, market, and asset approaches helps mitigate the risk of skewed valuation results
• Understanding and adjusting for risk factors, such as customer and supplier risks, is crucial in determining accurate valuation multiples.
• Market multiples should be adjusted for forward-looking earnings and industry-specific risks to ensure they reflect the true value of a business.

Guest: Lisa Cribben, CPA/ABV, Partner, Hawkins Ash CPAs
Host: David Consigli, Jr. CPA/ABV, CDFA, Partner, FAZ Forensics

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

Check out early bird and special discounts for AICPA and FVS Section members, and ABV, CFF and CVFI credential holders

• AICPA Forensic & Valuation Services Conference, Oct 28-30, Aurora, CO, in person and online
• AICPA Expert Witness Skills Workshop, Oct 28-30, Aurora, CO, in person only
• Business Valuation School - Sep 8-12, Raleigh NC, in person only
• Business Valuation School - Dec 1-5, Live online

NEW RESOURCE Welcome to a career in forensic and valuation services - early-career guidance, built for you

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• How to use MergerShark to improve your market approach | FVS webcast archive
• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

 The FVS Valuation Podcast archives

• Women Leaders in Business Valuation 
• The Business Valuation Profession
• Enhancing Professional Growth through AICPA FVS Section Resources and Participation

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

 

Guest:  Richard Claywell, CPA

Host:  Josh Shilts, CPA/ABV/CFF/CGMA

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

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

 LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

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

RESOURCES FOR FURTHER EXPLORATION
Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

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.

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.

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.

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.

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.

Guest: Asif Charania, CPA/ABV/CFF; 

Host: 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

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

This is a refreshed version of an episode from July 2021. Some voice distortion may be present. Please scroll down to find links to essential resources that have been developed since the original publish date. 

In this episode, we explore the many paths available to accounting and finance majors who aspire to work in forensics and valuation services particularly as an expert witness. Dean Driskell tells his journey as a forensic accounting and valuation professional. He and host, Josh Shilts, share pivotal moments that have defined their careers and the skills they consider essential for success.

Key Topics Discussed:

• Insights into the diverse career opportunities within the profession
• Practical advice on how to navigate the intersection of finance and accounting through the different stages of one's career
• Understanding your audience and how it can impact your effectiveness as a professional
• Strategies for developing and honing skills that are essential for success and how to find opportunities to improve these skills

Check out our newest resource Welcome to a career in forensic and valuation services - early-career guidance, built for you (accessible to everyone)

Guest: F. Dean Driskell III, CPA/ABV/CFF, Executive VP, JS Held LLC
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Dean Dornton

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

Check out early bird and special discounts for AICPA and FVS Section members, and ABV, CFF and CVFI credential holders

• AICPA Forensic & Valuation Services Conference, Oct 28-30, Aurora, CO, in person and online
• AICPA Expert Witness Skills Workshop, Oct 28-30, Aurora, CO,in person only
• Business Valuation School - Sep 8-12, Raleigh NC, in person only
• Business Valuation School - Dec 1-5, Live online

NEW RESOURCE Welcome to a career in forensic and valuation services - early-career guidance, built for you

The FVS Valuation Podcast archives

• Women Leaders in Business Valuation 
• The Business Valuation Profession
• Enhancing Professional Growth through AICPA FVS Section Resources and Participation

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

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.

Guest: Heather Tullar, CPA/ABV, ASA

Host:  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

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

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.

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.

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.

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.

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.

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.

Guests: Karolina Calhoun, CPA/ABV/CFF & Hubert Klein, CPA/ABV/CFF
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.

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

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.

In the evolving world of alternative investments, AICPA's "PE/VC" guide often is only a starting point in the valuation of complex financial instruments.  Valuation specialists in this field combine their experience with formal guidance and financial theory.  Ms. Antonella Puca, Managing Partner at BlueVal, wrote a book on "Early Stage Valuation, A Fair Value Perspective" that summarizes her studies and experience in this field.   We will discuss her journey and hear how she addresses:

• Presenting technical complexity in a clear and concise form
• Influence of the fair value perspective on the scope and perspective of the book
• Ongoing relevance of fair valuation concepts in an evolving industry and economy

Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guest: Antonella Puca, Partner, BlueVal
Host: Howard Mah-Lee, Senior Manager, AICPA Valuation Services

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

 The FVS Valuation Podcast archives 

• Valuing Complex Financial Instruments
• 409A Valuations - What You Need To Know
• Valuation Considerations in Equity Compensation
• Financial Instrument Valuation Series: SAFEs, Convertible Notes, and Embedded Derivatives

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

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.

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.

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.

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.

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.

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.

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.

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.

Catherine and Nathan, both seasoned CPAs and ABVs, discuss the complexities of subsequent events in business valuation. They explain the definition, implications, and relevance of these events in contexts like estate and gift tax transactions. Their conversation covers how these events can affect or indicate value, the standards and court rulings involved, and the challenges of determining what is known or knowable at the valuation date.

Key Takeaways:

• Definition of subsequent events are particularly relevant in litigation, estate, and gift tax transactions
• Known or knowable at the valuation date, but courts may sometimes consider subsequent events differently
• Importance of providing additional information to courts without muddying the valuation process

Guests:
Catherine Stoddard, CPA/ABV, Stoddard Consulting PA
Nathan Duke, CPA/ABV, Senior Manager, Forvis Mazars US
Host: David Consigli, Jr. CPA/ABV, CDFA, Partner, FAZ Forensics

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

Disaster relief resource center

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• AICPA VS Section 100 subsequent event toolkit
• VS Section 100 (SSVS) Development Compliance Checklists
• VS Section 100 (SSVS) Reporting Compliance Checklists
• Considerations when valuing distressed or impaired businesses FAQs

The FVS Valuation Podcast archives 

• Turning Risk into Value - Gathering and Applying Information for Better Data Visuals
• Reconciling Discount Rates for Intangible Asset Valuation in PPAs
• Supporting Company Specific Risk and Reconciliation under ASC 805

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

Dissenting shareholder disputes occur when minority shareholders believe their shares are undervalued in a company transaction, leading to legal dissent. There is a difference between dissenting and oppressed shareholder matters which our expert, Hubert Klein, will explain as well as the legal and valuation standards that are used.  

Klein highlights the importance of transparency and professional skepticism and thorough understanding of both sides' perspectives, such as:

• Common triggers for dissenting shareholder actions
• Preventing dissenting shareholder issues
• Reconciling valuation differences

Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guest: Hubert Klein, CPA/ABV/CFF, Partner and Practice Leader, Eisner Advisory Group LLC 
Host: Alex Partin, CPA/ABV, Mueller & Partin 

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

1. 2025 AICPA & CIMA Forensic & Valuation Services Conference  check out early bird and special discounts for AICPA and FVS Section members, and ABV, CFF and CVFI credential holders
2. Emerging Partners Toolkit – Section 6 Ownership/buy-sell agreements

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content 

AICPA Quick Reference Guide: Standards and Premises of Value (refer to page 7) 

The FVS Valuation Podcast archives 

• Valuation Case Law Update
• Insights for Navigating Common Issues in Business Valuation
• The Forensic Accountant's Role in M&A Disputes 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

The discussion underscores the importance of participating in professional communities like the AICPA FVS Section for continuous learning and support.  Bethany and Tade highlight how the FVS community has significantly contributed to their professional growth by providing key resources to assist with client engagements and a supportive community of professionals.   

• Using FVS Section resources in client work
• Networking benefits – connecting with supportive SMEs
• Community involvement aiding professional development

Continue reading to learn about key resources available at AICPA-CIMA.com

Guests:   Bethany Hearn, CPA/ABV, Partner, MH CPA PLLC and Tade Akinkugbe, ABV, ASA, Senior Manager, KPMG

Host: Josh Shilts, CPA/ABV/CFF/CGMA, Director, Dean Dorton

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES MENTIONED IN THE EPISODE - the following are all available as part of an AICPA FVS Section membership.  Click here to learn more about joining this community. In addition to exlusive resources such as the following, you also get 16 credits of complimentary CPE

If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (the PE/VC guide)
• Valuation of Privately Held Companies Equity Securities Issued as Compensation (the "Cheap Stock" guide)
• PE/VC Accounting and Valuation Guide Best Practices
• Primer on private equity and venture capital valuations
• Valuation of carried interest in private equity and venture capital firms | FVS webcast archive
• A CPAs guide to family law services – FVS Practice Aid
• Valuations for financial reporting toolkit
• FVS Estate and Gift practice aid and toolkit

If you are not yet an FVS Section member, here are links to purchase 2 of our most popular guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

 From the FVS Valuation Podcast archives  - available to all

• Women Leaders in Business Valuation
• Using AI in Your Valuation Practice – Part 1
• Using AI in Your Valuation Practice – Part 2
• Recruiting Challenges in BV: The Perfect Storm

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

Simple Agreement for Future Equity (SAFEs), convertible notes, and embedded derivatives are among financial instruments which feature optionality, which can obscure confidence in the expected value of the associated future economic benefits.  Published guidance is limited, and adding to the complexity, some alternative investment transactions have optionality features lurking within, dormant, and not readily apparent.  This presents a wrinkle for practitioners who try to value assets which could morph into something else tomorrow.  Listen to how specialists in this area approach these issues, and read below for key AICPA resources to improve your own valuation analyses.

Key Takeaways

• Applications and limitations of formal valuation guidance
• How optionality characteristics influence financial instrument design
• Best practices for valuing instruments with optionality features
• Approaches for early stage assets lacking underlying valuations

Guests: Oksana Westerbeke, Partner, and Jared Hannon, Director, Grant Thornton
Host: Howard Mah-Lee, Senior Manager, AICPA Valuation Services

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

2024 AICPA & CIMA Forensic & Valuation Services Conference - for purchase
session:
Full conference package 

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

From the FVS Valuation Podcast archives 

• Valuing Complex Financial Instruments
• 409a Valuations - What You Need To Know
• Valuation Considerations in Equity Compensation 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

To celebrate Women's History Month, we are excited to share a special episode for our FVS Valuation podcast which explores the diverse backgrounds of several business valuation leaders, their paths into a career in business valuation, and their journeys to becoming experts in the field.  The conversation highlights the many routes that can lead to success in business valuation, including 

• The significance of obtaining the Accredited in Business Valuation (ABV) credential and how it has impacted their careers
• Their strategies for achieving a healthy work-life balance while excelling in their professional roles
• The role of mentorship and support systems in their career development and success

Please be sure to register for our upcoming Fireside Chat on Tuesday, 3/25, where we will have an extended conversation with our esteemed guests and gain further inspiration and insights from their experiences. Register now to secure your spot! 

Guests: 
Bethany Hearn, CPA/ABV, Partner, MH CPA PLLC
Kathy Johnson, CPA/ABV/CFF/CGMA, Vice-President, J.S. Held LLC
Tiffany Mellow, CPA/ABV, Practice Leader and Shareholder, Perkins & Co 

Host:  Nene Glenn Gianfala, CPA/ABV, Senior VP and Shareholder, Chaffe & Associates, Inc. 

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

From the FVS Valuation Podcast archives 

• Women in FVS, A Multigenerational Perspective - Part 1
• Women in FVS, A Multigenerational Perspective - Part 2
• Increasing Engagement with FVS Emerging Professionals

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

 

In early 2025, the new US administration has been implementing changes which could affect regulatory oversight in private markets and alternative investments. Transparency in asset valuation is vital, especially where regulation is limited. Inadequate valuations or outdated financial reports can negatively impact investor decisions, leading to market inefficiencies and reduced confidence. Our presenter, an expert in private market valuation, provides insights and recommendations on managing these issues.  Key takeaways: 

• Industrywide benefits of enhanced transparency
• How to verify accuracy and reliability of private market valuation data across asset managers
• Analysis of pitfalls of opaque or inconsistent valuation methodology applications
• Managing and mitigating conflicts of interest in the private market valuation process

Guest: Cristina Chen-Oster, founder and CEO, M2M Capital Host: Howard Mah-Lee, Senior Manager, AICPA Valuation Services Section   Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

More from Cristina Chen-Oster

• Call to Action: Mandate Higher Price Transparency in Private Markets
• Conference session: Techniques Utilizing AI for Valuation of Private Companies

Conference session: Updated Guidance on Secondary Market Transactions - Implications for Private Company Common Stock Valuations

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies

From the FVS Valuation Podcast archives 

• M&A vs Equity Analysis
• Macroeconomic Update 2024 - Cost of Capital & Valuation Impact
• Valuing Complex Financial Instruments

One More:  Creating Trust In Capital Markets 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

Maryellen and Ross delve into the subjectivity and controversy surrounding discount rates, the importance of understanding the asset and forecast inputs, and the application of market participant assumptions.  Including these key takeaways:

• Subjectivity in Discount Rates: Understanding the significant subjectivity and controversy in determining discount rates.
• Qualitative Assessments: The role of qualitative assessments in aligning discount rates with associated risks.
• Resources and Guides: Utilizing available resources to enhance valuation analyses.

Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guests
Maryellen Galuchie, CPA/ABV, Managing Director, Advisory Services, Grant Thornton
Ross McSwain, ABV, Sr. Manager, Advisory Services, Grant Thornton
Host  Nene Glenn Gianfala, CPA/ABV, Vice President – Valuation Advisory Group, Chafe & Associates

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Available for purchase   Accounting and Valuation guides  - Business Combinations

2024 AICPA & CIMA Forensic & Valuation Services Conference - Full conference package Session only:  Determining the Appropriate Discount Rate for Valuing Intangible Assets in a PPA

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

Valuations for Financial Reporting Toolkit - A resource for professionals who prepare valuations for financial reporting purposes

From the FVS Valuation Podcast archives

• Supporting Company Specific Risk and Reconciliation under ASC 805 with Charles Gallman and Ross McSwain
• Fair Value with Mark Zyla
• Byteful Insights: Valuing Tech and Data- a conversation with the IVSC 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

This interview was recorded on 10/28/2025 at the AICPA FVS Conference.  Economic issues discussed are still relevant as of the publish date: 11/20/2025
On this episode we hear from Carla Nunes and Jim Harrington from Kroll right after their session at the 2025 AICPA FVS Conference on October 28 to discuss the post-election economic landscape focusing on tariffs, fiscal stimulus, and their impact on valuations and the cost of capital. Our guests highlight how recent government policies, trade uncertainties, and the rise of AI are shaping market sentiment, interest rates, and equity risk premiums, and emphasizes the importance of staying informed and adapting valuation approaches to rapidly changing conditions.
________________________________________
Continue reading to learn about key resources available at AICPA-CIMA.com to improve your valuation analyses.
Guests:  
Carla S. Nunes, CFA, ABV, Managing Director, Kroll 
James P. Harrington, Director, Kroll 
Host: 
Nene Glenn Gianfala, CPA, ABV, Chaffe & Associations

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit our podcast platform to access the show notes with direct links. 

JOIN:  The FVS Engage365 Member Community to collaborate with fellow AICPA® members, exchange ideas, and shape the future of the profession together.

IT'S VIRTUAL! STILL TIME TO REGISTER  Business Valuation School - Dec 1-5, Live online

PURCHASE SESSIONS:  2025 AICPA FVS Conference - you can purchase sessions and the handouts

EARLY CAREER GUIDANCE:  Welcome to a career in forensic and valuation services

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

Cost of capital – basics and best practices in business valuation | FVS webcast archive

The FVS Valuation Podcast archives

• Transparency in Private Market Valuations (2/27/2025)
• Macroeconomic Update 2024 - Cost of Capital & Valuation Impact (11/21/24)
• The New Normal: Cost of Capital in a Higher Interest Rate Environment (12/7/2023)
• ESG & the Cost of Capital (4/27/2023)

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Derivatives such as options have been used to reward employees for many years, and executive pay packages often include features of complex derivative securities such as options and restricted stock with vesting schedules based on various contingencies.  Join us for a deeper look of what's "under the hood" in the relevant valuation techniques such as lattice models and Monte Carlo simulation, and how these relate to regulations such as ASC 718 and the new Pay versus Performance ("PvP") requirements for proxy statements. 

•    Relevance of Internal Revenue Code Section 409a and ASC 718 valuation considerations
•    Case studies in uses and misuses of equity compensation
•    "Pay vs Performance", clawback provisions, and other regulatory considerations   

Continue reading for key resources available at AICPA-CIMA.com to improve your valuation analyses.

Guests: 
Josh Schaeffer, PhD and Managing Director,  Equity Methods, LLP 
Mona Paushenwein, Consultant, Equity Methods, LLP
Host: Howard Mah-Lee, Senior Manager, AICPA Valuation Services Section

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

409a Valuations and Other Complex Securities (live session from 2021 AICPA & CIMA Forensic & Valuation Services Conference with Antonella Puca, BlueVal Global, and Oksana Westerbeke, Grant Thornton)

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation (AKA "Cheap Stock Guide")
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (AKA "PE/VC Guide")

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies 

From the FVS Valuation Podcast archives - 409A Valuations – What you Need to Know 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

This is a refreshed version of an episode from October 2022.

Professor Matthew Shaffer shares his journey into the field of accounting and his interest in corporate governance, valuation, and the market for corporate control. His article, "Why Value the Enterprise and Route to the Equity," explores the rationale behind using enterprise value evaluations in M&A settings instead of directly valuing equity. Josh and Matt discuss:  

• Accounting as a fundamental framework for understanding business activities and market movements.
• Impact of Non-Recurring Items on Valuation Methods:
• Future of valuation research and its integration into academic curricula

Guest: Matthew Shaffer, Ph.D., Asst. Professor, USC Marshall School of Business
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies
• Accounting and Valuation Guide - Business Combinations

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies 

From the FVS Valuation Podcast archives 

• The Forensic Accountant's Role in M&A Disputes
• Valuing Complex Financial Instruments

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

Plan early! The Tax Cut and Jobs Act (TCJA) significantly increased the estate tax exemption and there is uncertainty around whether it will be extended or modified. It's recommended to plan early and not wait until the last minute to ensure all necessary legal and valuation work can be completed in time.

Greg Saunders and Lisa Cribben explore the complexities of estate planning and valuation, emphasizing the importance of early and continuous planning. They discuss various strategies to manage and reduce estate taxes, the critical role of valuation appraisers, and the potential impact of upcoming changes in tax laws.

Guest: Lisa Cribben, CPA/ABV, Partner, Hawkins Ash CPA  
Host: Gregory Saunders, CPA/ABV, Sr. Manager, Keiter CPAs

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

2024 AICPA & CIMA Forensic & Valuation Services Conference - for purchase
session:  Estate Planning with The Anticipated Change in 2025
also available full conference package

Exclusive content – Free for FVS Section members:  Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• FVS Toolkit for Estate and Gift
• Business Valuations for Estate and Gift Tax Purposes Practice Aid
• Estate and gift case law listing

From the archives: FVS Valuation Podcast episodes 

• Valuations for Gift and Estate Taxes: Review and Best Practices
• Valuation Court - Key Takeaways from Recent Cases
• Valuation of Prince's Estate 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

In this interview, Dave and Natalya discuss several significant court cases related to gift and estate tax valuations, ESOPs, and control issues in business valuations.  Throughout the discussion, they emphasize the need for careful planning and the potential implications of court decisions on future valuation practices:

• Controversial Connolly Case which included life insurance proceeds in the value of a company for estate tax purposes
• Importance of Proper Valuation Methods: The discussion emphasized the need for accurate and appropriate valuation methods, particularly in ESOP cases
• Valuation professionals must stay informed about legal precedents and be prepared to adapt their methods accordingly

Guest:  Natalya Abdrasilova, Director of Valuation and Litigation Services, BDM PC
Host: David Consigli Jr. , Partner, FAZ Forensics

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

2024 AICPA & CIMA Forensic & Valuation Services Conference - for purchase
Valuation Case Law Update session  
Full conference package 

Exclusive content – Free for FVS Section members:  If you're not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content

• FVS Toolkit for Estate and Gift
• Estate and gift case law case summaries
• 2024 Economic Damages Case Law Update - Case Summaries 

From the archives: FVS Valuation Podcast episodes 
Using AI in Your Valuation Practice – Part 2 
Valuations for Gift and Estate Taxes: Review and Best Practices 
Valuation Court - Key Takeaways from Recent Cases 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

 

This interview was recorded on 10/28/24 at the AICPA-CIMA Forensic and Valuation Services Conference prior to the presidential election on 11/5.  Economic issues discussed are still relevant as of the publish date11/21/24

Don't miss this deep dive into the cost of capital and its implications for businesses and investors

Nunes and Harrington, both from Kroll, share a macroeconomic update with the FVS podcast, focusing on the cost of capital and its valuation impact. The U.S. economy is performing better than expected, avoiding a recession and potentially achieving a soft landing, with inflation under control. The interview touches on the:

• Current and future interest rate environment
• Potential impacts of AI on the economy
• Sustainability of government debt
• Future of energy costs, particularly the role of nuclear energy

Guests:  
Carla S. Nunes, CFA, ABV, Managing Director, Kroll
James P. Harrington, Director, Kroll
Host: 
Nene Glenn Gianfala, CPA, ABV, Chaffe & Associates

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members:  If you're not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content

FVS webcast archive | Cost of capital – basics and best practices in business valuation

From FVS Valuation Podcast archives - ESG & the Cost of Capital

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

This is a refreshed version of an episode from June 2022.

Roger Grabowski has made numerous contributions to the field of valuation, particularly in forecasting cash flows using the discounted cash flow method (DCF). Roger speaks with Josh about the evolution of valuation practices and emphasizes the importance of understanding historical growth and differentiating between organic growth and growth through acquisitions.

Topics discussed include:

• The importance of learning about the company and its management
• Thank you, Shannon Pratt - writing and presenting technical topics in an accessible manner
• Realistic forecasting and understanding the investment philosophy of business owners: 

Guest: Roger J. Grabowski, FASA, Senior Advisor, Kroll 
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
AICPA FVS Section members receive exclusive benefits including up to 16 credits of complimentary CPE and access to rich technical content:  If you're not a member, consider joining this active community of your FVS peers.   VISIT US ONLINE

Valuation Services | AICPA & CIMA

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

This is the 2nd of a two-episode interview with Rod Burkert who is a valuation practice coach and advisor. If you have not listened to Part 1 – consider listening now .  Rod views AI as a tool, and like how professionals learned to use Excel and Word, he encourages a mindset shift to familiarize oneself with AI and its potential applications in business valuation. 

• How to prompt so AI understands where you are coming from and gives you better results
• Consumers' expectations for professionals to incorporate AI into their practices and use AI to save time and money
• AI-related tools to help your staff up the learning curve.  
• Practical examples of how to use AI to assist with marketing and industry knowledge

Guest:  Rod Burkert, CPA/ABV, Burkert Valuation Advisors
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Rod's prompt - mentioned in the episode (scroll to the bottom of the show notes)

Oct. 28-30 in Dallas, The 2024 AICPA-CIMA Forensic and Valuation Services Conference    To register click here  Attend in person or virtually

AICPA Valuation Services home page 

FVS Section members have access to exclusive content and 16 credits of complimentary CPE  If you're not a member, consider joining this active community of your FVS peers. Visit us online,

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Rod's prompt

CONTEXT = I am a Certified Public Accountant and also hold these business valuation credential(s): [LIST CREDENTIALS]. My entire professional practice has been devoted to providing business valuations for my [ADD TYPES OF CLIENTS]. I also [ADD OTHER PROFESSIONAL ACTIVITIES (e.g., write and speak extensively about business valuations)]. 

SERVICE = A business valuation is a specific set of approaches, methods, and procedures used to estimate the economic value of a business or an owner's interest in a business. During the valuation process, all areas of a business are analyzed to determine its worth. A business valuation can be used for a variety of purposes, including income tax, gift, and estate taxes; financial reporting; employee stock ownership plans; shareholder buy-ins and buy-outs; and divorce. Business owners or their professional advisors turn to valuation professionals for an independent estimate of value of a business. The performance of business valuations is governed by professional standards set by membership organizations that issue valuation credentials. Valuation professionals also look to government regulations (e.g., Internal Revenue Service Revenue Ruling 59-60), case law, and valuation related publications for guidance.

CLIENTS = My clients are [NAME THE TYPES OF CLIENTS YOU SERVE]. All of my clients' businesses are [NAME THE TYPES OF BUSINESSES] (e.g., privately held companies and generally have revenues of $5 million to $50 million). I specialize in business valuations of [NAME TYPE OF VALATIONS YOU DO] (e.g., manufacturers and distributors, shareholder disputes).

Once the prompts have been added to the AI platform you can then ask the AI the following before giving it the task:

1. You don't have to repeat it back, but do you understand all that I have written so far?
2. Before I give you my task, do you have any questions about who I am or what I do?
3. TASK = [   ]

 

The authors of the Eye on Fraud article on the same topic, Howard Silverstone and Sean Sauder, explore historical and modern examples of music fraud, including "payola," artist fraud, and streaming fraud, and discuss industry measures to combat these issues, including:

• Streaming fraud: bots, click farms, and playlisting scams
• Impact of fraud on artists and the industry, such as royalty fraud and illegal downloading
• The role of forensic accountants and the use of specific software and global task forces to fight streaming fraud

Guests: 
Howard Silverstone, CPA/CFF, Executive Vice President, JS Held
Sean Sauder, Senior Consultant, JS Held
Host: Elizabeth Woodward, CPA/CFF, Forensic Accounting Director, Dean Dorton

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30, Dallas, TX

To register click here  Attend in person or virtually

• AICPA members qualify for a $450 discount
• FVS Section members, ABV, CFF, and CVFI credential holders qualify for a $550 discount
• Group discounts are available for as few as 2 people

Exclusive content – Free for FVS Section members:  If you're not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content

Article:  Fraud in the Music Industry | FVS Eye on Fraud, Summer 2024, Issue 4 

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

 

Pod Squad host Nene Gianfala discusses how to support company specific risk and reconciliation with our experts fresh out of their session at the FVS conference.  Their conversation covers complex topics including:

• Understanding projected financial information (PFI)
• Quantifying company specific risk premium
• Reconciling WACC, WARA and IRR
• Complying with disclosure requirements and
• Learning the story behind the numbers.

Guests: 
Charles Gallman, CPS/ABV, Managing Director, Advisory Services, Grant Thornton
Ross McSwain, ABV, Sr. Manager, Advisory Services, Grant Thornton

Host: 
Nene Glenn Gianfala, CPA/ABV, Vice President – Valuation Advisory Group, Chafe & Associates

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you're using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30, Dallas, TX

To register click here  Attend in person or virtually

• AICPA members qualify for a $450 discount
• FVS Section members, ABV, CFF, and CVFI credential holders qualify for a $550 discount
• Group discounts are available for as few as 2 people

Exclusive content included in FVS Section membership:  If you're not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content

Valuations for Financial Reporting Toolkit - A resource for professionals who prepare valuations for financial reporting purposes
This toolkit provides a place to quickly locate many of the important resources that may be useful when preparing valuations for financial reporting purposes. It is an essential guide that will allow you to increase the efficiency of your financial reporting and valuation practice including links to: 

• AICPA publications, articles, podcasts, and more. 
• Standards issued by different standard-setting bodies that relate to business valuation

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com