Forensic & Valuation Services Virtual Conference

There are special nuances to dealing with real estate in the valuation of either an operating company or a real estate holding company. In an operating company, there are multiple ways to treat real estate including treating it as an operating asset or treating it as a non-operating asset. How you treat the real estate could have an impact on the overall value you derive for the business. In addition, when valuing an entity that owns and rents real estate, the process is different from how you would treat real estate in an operating entity.

This session will identify the different considerations in how real estate is treated in an operating entity and a real estate holding company and some considerations on how deferred tax can be treated when the fair market value is different from the tax basis.

Learning objectives:

• Identify the different options for treatment of real estate in operating entities and holding companies.
• Compare the treatment of real estate in the different approaches (income, cost and market).
• Compare the differences in value if real estate is treated as an operating asset versus nonoperating asset.
• Analyze the tax implications when assessing the fair market value of real estate (deferred tax upon sale, etc.).

Credit: Specialized Knowledge — 1

Discuss recent cases involving valuations and estate planning. Also, receive a preview of the landscape of estate tax laws as we head towards the 2024 elections.

Credit: Specialized Knowledge — 1

Discuss a comprehensive list of tax, U.S. district and appellate court cases related to estate, gift and charitable contributions — past and present — and their impact on various topics related to business valuation. The analysis of these court cases will provide insight into the history of the courts’ positions on various business valuation-related issues, developments in those positions over time, and the impact of current case law as they relate to estate, gift and charitable contribution cases.

Learning objectives:

• Learn how the courts have handled various issues related to business valuation for the purposes of estate, gift and charitable contributions.
• Understand key takeaways from the most influential court decisions relating to gift, estate and charitable contribution valuation issues.
• Learn how to apply these court decisions in their business valuations for estate, gift and charitable contribution purposes.

Credit: Specialized Knowledge — 1

This session will focus on transforming the pipeline of new entrants into the forensic analysis and valuation services professions. Specifically, the panel will explore the responsibility of forensic and valuation professionals to build and support an inclusive and equitable pipeline of new and existing talent, and share experiences regarding the significant value that a diverse team exerts on engagements and engagement opportunities. In addition, the panel will discuss various resources available to support pipeline development.

Credit: Specialized Knowledge — 1.5

Credit: Specialized Knowledge — 1

Certain industries require nuanced approaches and importance considerations that impact value. From blue sky in an auto dealership, to multiple of book value in a bank, to revenue multiple in a dental practice or calculation of workforce in place for a physician practice, there are special considerations that appraisers should evaluate when preparing a valuation. 

Learning objectives: 

• Identify the reasons certain industries utilize different or modified valuation approaches.
• Identify the industries that utilize a nuanced valuation approaches and/or rules of thumb.
• Analyze the different valuation approaches utilized for specific industries such as financial institutions, auto dealerships, health care and early-stage enterprises. 

Credit: Specialized Knowledge — 1

Hear how the CPA profession is evolving and working to provide resources and opportunities for CPAs to succeed.

Credit: Personal Development — 1

It feels as if no country, economy or industry around the globe has seemingly been spared in some way from the impacts stemming from: price inflation fluctuations; energy or environmental shocks; a rising and uncertain interest rate environment; pre-and-post-pandemic-era labor market changes; the perils and prospects for AI and the advancements in other technologies; record levels of human migration; or the continuing war in Ukraine. While at the same time, these impacts have impelled governmental, business, financial and personal innovation and resilience ... and fostered opportunities. Let’s explore these developments and discover what may lie ahead!

Credit: Economics — 1

As organizations embrace digital transformation, the threat landscape expands to include sophisticated AI-driven fraud schemes. Among these, synthetic identities, audio and video deepfakes standout — where perpetrators create fictitious identities by blending real and fabricated information, create deepfake audio and video which can be used for fake identities, account take over (ATO) fraud, transaction authorizations, etc. We will look at the fraud landscape pre- and post-GenAI.

Credit: Information Technology — 1

Everyone talks about AI and how it can change how we work, but few can demonstrate its effectiveness or practical application. Technology is useless if it does not help to solve a problem, reduce risk or increase efficiency. In this session, Vincent Walden, CEO of KonaAI, a leading AI-driven anti-fraud prevention and detection software company, will present five practical use cases of how leading companies utilize generative AI and machine learning across their vendor, customer and employee transactional data to increase business transparency and enhance their fraud risk management program in line with regulatory expectations and their own company policies.

Credit: Information Technology — 1

This session provides an introduction and overview of lost profits as a measure of economic damages in various types of litigations. This talk covers topics such as the situations where lost profits may be appropriate, the framework for analyzing lost profits, supporting a claim with expert testimony and evidence, quantifying and presenting lost profits damages, potential pitfalls, and how to avoid them. Also covered in this session are methods for calculating lost profits, including estimating lost sales volume, price erosion, and costs. Whether you’re a seasoned practitioner or new to the field, this session will equip you with the knowledge and strategies to master lost profits as a damages remedy.

Credit: Specialized Knowledge — 1

An ethics webcast is included in your conference registration fee. Option 1 takes place ONLINE Sept. 27.

This 125-minute Essential Ethics course is designed to help you understand the foundations of generative artificial intelligence (AI), distinguish between risks and benefits of this emergent technology, and be better equipped to identify opportunities and determine policy around AI into the future. 

Throughout the course, delve into a range of critical topics analyzing real-world case studies and engaging in thought-provoking discussions. Explore both the ethical implications and practical applications of AI, so you'll feel enabled to make informed decisions and contribute to responsible AI development.

*This course has been approved by the Virginia Board of Accountancy (VBOA) to fulfill your 2024 ethics requirement. It was developed in 2023; however, the 2024 version includes an updated opening video segment from the VBOA and will qualify toward the 2024 ethics requirement.

An ethics webcast is included in your conference registration fee. Option 2 takes place ONLINE Sept. 30.

In season two of Tales of Corruption, we investigate five actual scenarios where fraud was committed along with corresponding ethical decision-making models. From Paycheck Protection Program (PPP) fraud and cryptocurrency investment schemes to insider trading and extensive timekeeping and startup frauds, you'll learn how these extreme transgressions could have been avoided. Examine the building blocks of a strong ethical culture to ensure you're equipped to identify problems and determine the best course of action.

*This course has been approved by the Virginia Board of Accountancy (VBOA) to fulfill your 2024 ethics requirement. It was developed in 2023; however, the 2024 version includes an updated opening video segment from the VBOA and will qualify toward the 2024 ethics requirement.