Forensic & Valuation Services Conference

In this two-part session, we will review an example of a Detailed Report included in FVAM that is compliant with the SSVS, NACVA, ASA and USPAP professional standards. Topics include:

• History and nature.
• Financial information and normalization.
• Industry and economic data.
• Income approach (DCF and CCF).
• Cost of capital and growth rates.
• Market approach.
• Guideline public company method.Guideline company transactions method.
• Asset approach.
• Reconciliation.
• Discounts and premiums.
• Report.

Part two picks up where the first part left off. Review an example of a Detailed Report included in FVAM that is compliant with the SSVS, NACVA, ASA and USPAP professional standards. Topics include:

• History and nature.
• Financial information and normalization.
• Industry and economic data.
• Income approach (DCF and CCF).
• Cost of capital and growth rates.
• Market approach.
• Guideline public company method.Guideline company transactions method.
• Asset approach.
• Reconciliation.
• Discounts and premiums.
• Report.

Succession planning is critical for business owners looking to ensure a smooth transition while preserving value, minimizing tax burdens, and maintaining operational continuity. This session will provide key legal, financial and strategic considerations for advising clients on succession planning. We’ll cover business valuation, tax implications, ownership transfer options, buy-sell agreements, and common pitfalls to avoid. Whether your clients are planning an internal transition, a sale to a third party, or passing the business to the next generation, this session will equip you with practical insights to guide them effectively.

As financial fraud schemes become increasingly sophisticated, forensic and valuation professionals must stay ahead of emerging threats to effectively detect, investigate and mitigate risks. This session will provide an overview of the latest trends in financial fraud, including AI-driven financial crimes, insider threats, and regulatory responses. Nicole Gray will discuss how forensic accounting, data analytics and valuation methodologies are evolving to combat fraud in today’s rapidly changing financial environment.

Denise Harding and TJ Regan work together to trace funds through FinTech accounts, traditional financial institutions and cryptocurrency. Using examples from their joint investigations at NCIS, they will provide transactions from PayPal, Zelle, CashApp, traditional checking and credit card statements, and Bitcoin and Ether blockchains to demonstrate the flow of funds from one platform to another. TJ will discuss requesting transaction information from cryptocurrency exchanges and current cryptocurrency obfuscation techniques, including peel chains, bridges, mixers, chain hopping and decentralized exchanges. He will illustrate the flow of cryptocurrency funds and the various transaction types using cryptocurrency tracing charts from free and paid tracing tools. Denise will discuss the application of money laundering statutes and how different transaction types and patterns are indicative of money laundering.

Attend this ethics webcast on a later date at no additional charge.

The CPA profession in Virginia, like in many other states, is governed by a complex framework of laws, regulations and ethical standards. As a CPA, you are expected to adhere to these guidelines, maintain the highest level of professional integrity, and act in the public interest.

This Virginia Board of Accountancy (VBOA)-approved ethics course is designed to provide you with a comprehensive understanding of the regulatory and ethical landscape of the accounting profession in Virginia. We will explore the key principles of professional ethics, the role of the VBOA, and the specific regulations that govern the practice of public accounting in the state.

Credit: Regulatory Ethics — 2

Attend this ethics webcast on a later date at no additional charge.

The rapid evolution of artificial intelligence (AI) is reshaping industries, including accounting, with profound implications for professionals and firms. This Virginia Board of Accountancy-approved ethics course on responsible AI for the accounting profession explores the integration of AI in accounting, emphasizing ethical principles like transparency, accountability, privacy, and fairness. The course offers a comprehensive overview of AI technologies, their applications in streamlining processes, and improving decision-making within the profession. It also addresses the challenges of regulatory compliance, data privacy and mitigating risks such as bias and security breaches. Through real-world case studies, you will gain insights into resolving ethical dilemmas, ensuring responsible AI usage, and fostering trust with clients and stakeholders.

By completing this course, you will develop strategies to navigate the complexities of AI governance and regulation, create robust frameworks for ethical decision-making, and adopt sustainable practices to balance innovation with responsibility. Designed for accounting professionals at all levels, this course equips learners with the tools to harness AI's potential while upholding the profession's ethical standards, ensuring compliance with legal obligations, and contributing to a more inclusive and accountable AI future.

Credit: Regulatory Ethics — 2