Valuation, Forensic Accounting & Litigation Services Conference (LC)

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Thursday, January 9, 2020
Registration & Continental Breakfast
7:30am-8:00am
Introduction and Opening Remarks
8:00am-8:10am
General Session

Utilizing Data Analytics to Identify Data Anomalies (Credits: 2.0 AA)
8:10am-9:50am

Kathryn K. Horton, CPA, CMA, CIDA
President / Kathryn K. Horton CPA PA
Fort Lauderdale, FL

Explore the benefits of data analytics, including the discussion of actual fraud uncovered using data analytic software.  Learn different data mining techniques to identify anomalies, including numeric theories, proximity analysis and fuzzy matching.  Explore process automation, artificial intelligence, and horizon issues.  Understand, through actual demonstration using data analytic technology, why this methodology is vital to your continued success.


Break
9:50am - 10:00am
General Session

Using Digital Forensics in Financial Investigations (Credits: 1.0 TB)
10:00am-10:50am

Bryan Barnhart
Computer Security Consultant / Infiltration Labs, LLC
Ft. Lauderdale, FL

Explore digital forensics and its impact on the profession.  Determine if documents have been altered to conceal information.  Learn about tracing transactions, including identifying and recovering deleted files. Understand Internet history including searches, web visits and downloads.  Also, receive a glimpse into cyber threats and the steps you need to take to protect yourself and your clients.


Breakout Session (choose one)

Breakout 1: Emerging Issues in Cannabis and Hemp/CBD Appraisals: Hot Buttons, Lessons Learned, Challenges and Trapdoors (Credits: 1.0 TB)
10:50am-11:40am

Ronald L. Seigneur, ASA, CPA/ABV, CVA
Managing Partner/Valuation Specialist / Seigneur Gustafson, LLP
Lakewood, CO

Learn about appraisal nuances in the cannabis and hemp sectors, with a focus on the application of the discounted cash flow method under the income approach to value and the use of market data under the market approach to value.  Explore industry resources and how to keep current with the rapidly evolving landscape for licensing in the regulated legal side of the cannabis industry, as well as the dynamics in play in the agricultural hemp sector.


Breakout 2: The Use of Forensic Accounting in International/Cross-Border Fraud Cases (Credits: 1.0 TB)
10:50am-11:40am

Gregory S. Grossman, Esq
Founding Shareholder / Sequor Law
Miami, FL

How can and should forensic accountants be used to maximum effectiveness in international/cross-border fraud cases?  Learn about identifying victims, quantifying losses, de-coding the underlying fraud, tracing proceeds and proving intent through the use of forensic accounting from counsel's perspective.


Lunch Presentation

Overview of the Evolving U.S. Landscape for Cannabis and Hemp/CBD (Credits: 1.0 TB)
11:40am-1:00pm

Ronald L. Seigneur, ASA, CPA/ABV, CVA
Managing Partner/Valuation Specialist / Seigneur Gustafson, LLP
Lakewood, CO
Gain a top-level understanding of the cannabis sector, including the impact of 280E and the 1970 CSA; 2014 and 2018 farm bills for agricultural hemp; banking and access to capital; legislative and M & A landscapes; recent case law; and lessons learned from Canada and Colorado.


Breakout Session (choose one)

Breakout 3: Recent Developments in Cost of Capital (Credits: 1.0 TB)
1:00pm-1:50pm

Dr Michael A. Crain, DBA, CPA/ABV, CFA, CFE
Professor and Director of Center for Forensic Accounting / Florida Atlantic University
Davie, FL

Learn about recent developments in cost of capital.  Examine falling riskfree rates and determine how they affect cost of equity estimates.  Explore the pros and cons of backward-looking and forward-looking equity risk premiums.  Compare model inputs from multiple data sources.


Breakout 4: The Role of the Forensic in Achieving Reasonable Certainty (Credits: 1.0 TB)
1:00pm-1:50pm

William B. Stewart Jr., CPA/ABV/CFF, CVA, CFE
Director / William B. Stewart, Jr, CPA
Houston, TX
AND
Daniel Newman, Esq.
Partner / Nelson Mullins Broad & Cassel
Miami, FL

Reasonable certainty-the standard necessary to prove civil liability.  What information should the expert require?  When can the expert rely on information provided to him/her by the parties? Causation vs. correlation?  Bulletproofing your report.


Break
1:50pm - 2:00pm
Breakout Session (choose one)

Breakout 5: Purchase Price Allocation: Methods for Valuing and Allocating Goodwill and Intengible Value in Divorce (Credits: 1.0 TB)
2:00pm-2:50pm

Joshua B. Angell
Senior Manager / Ellrich, Neal, Smith & Stohlman, PA
Palm Beach Gardens, FL

Learn how to utilize purchase price allocation methods to properly measure goodwill and intangible value in the valuation of a closely held business for divorce (among other purposes.)  This session will assist appraisers and accountants in properly measuring goodwill and non-compete for purposes of bifurcating personal goodwill from total good will.  Explore intangible asset value (separate from goodwill) that should be separate and valued in the context of a divorce.


Breakout 6: The Art of Persuasion: Aristotle's Rhetoric and the 21st Century Testifying Expert (Credits: 1.0 TB)
2:00pm-2:50pm

Thomas E. Hilton, MSF, CPA/ABV/CFF, ASA, CVA, CGMA
Director, Forensic&Valuation Services / Anders LLP
St Louis, MO

This session will focus on a model of effective persuasion, based upon Aristotle's Rhetoric that can be used by testifying experts to increase his/her effectiveness in the courtroom.  View video examples and excerpts from famous speeches to demonstrate the various components of effective persuasion.


Break
2:50pm - 3:00pm
Breakout Session (choose one)

Breakout 7: Terminal Value Nuances and Best Practices (Credits: 1.0 TB)
3:00pm-3:50pm

Michael Vitti
Managing Director / Duff and Phelps
Morristown, NJ

Learn the issues that drive many terminal valuations.  Issues include perpetuity versus exit multiples; discounting the terminal value to present value, corporate mortality, teasing out implied assumptions; and ensuring that temporary items are not extrapolated into perpetuity.


Breakout 8: Alimony: No Longer Deductible, but Still Lots to Talk About (Credits: 1.0 TB)
3:00pm-3:50pm

Charles C. Price, CFF,CPA
Founder & President / Clay Price & Associates, PA
Vero Beach, FL
AND
Natalie Lemos
Board Certified Specialist, Marital and Family Law / Leinoff & Lemos, PA
S Miami, FL

Learn about controversial issues in current alimony cases.  How is the expert to opine on need and ability to pay?  Hear considerations in determining a party's need based on expenses, lifestyle and imputation of income from earnings, investments and employment.  Examine issues that arise in analyzing a party's ability to pay with a focus on looking at not only actual earnings but also imputed income, employment benefits and their impact on income and other considerations.  Trends in alimony awards (both as to duration and amount) will also be recapped.


Break
3:50pm - 4:00pm
General Sessions

Tips for Enhancing Reports Utilizing Technology (Credits: 1.0 TB)
4:00pm-4:50pm

Monica Ospina, CPA,ABV,CFF
Ospina, Everett & Shechter, LLP Forensic Accountants & Consultants
Tampa, FL

It has been said that "easy reading is darn hard writing."  Learn the key skill sets and the tools you'll need to transform your Expert Report.  Explore Microsoft Word and Excel features and productivity shortcuts that will make your reports come to life and effectively convey your opinions utilizing technology.  Learn about Quick Parts for boilerplate content you reuse often, Navigation Pane, Tables, Headings, Paste Special, adding footnotes, captions and references, using Window Splits, Styles and Themes, and more.


Don't Get Burned! - Hot Topics - Panel Discussion (Credits: 1.0 TB)
4:50pm-5:40pm

Sheri F. Schultz, CPA,ABV,CFF
Managing Partner / Fiske & Company
Plantation, FL

If it's hot, you'll hear about it!  Get your questions answered on the burning issues of the day.  You may be surprised what you'll learn!


Friday, January 10, 2020
Continental Breakfast
7:30am-8:00am
General Sessions

2020 U.S. and Florida Economic Forecast (Credits: 1.0 TB)
8:10am-9:00am

R. Christopher Jones, Ph.D.
President / Florida Economic Advisors, LLC
Valrico, FL

Past trends and 12-month projections for the U.S. macro-economy, the State of Florida economy, and the regional economies of Florida's four largest metro markets (Jacksonville, Orlando, Tampa, and West Palm Beach/Ft. Lauderdale/Miami.) 


Social Media for Professionals: Elevating Your Brand (Credits: 1.0 TB)
9:00am-9:50am

Michael L. Elkins
Founder/Partner / MLE Law
Ft. Lauderdale, FL
AND
Wendi Weiner, Esq.
Personal Branding and Career Expert, The Writing Guru / The Writing Guru
Ft. Lauderdale, FL

In today's world, social media is a key component of branding.  Learn the how and why for Instagram, Linkedin and Facebook.  You have a personal brand, whether you like it or not.  Explore how to leverage your brand on social media.  Receive best practices and examine recent issues on how social media is impacting the law and experts.


Break
9:50am - 10:00am
Breakout Session (choose one)

Breakout 9: Valuation and the TCJA Two Years Out (Credits: 1.0 TB)
10:00am-10:50am

James R. Hitchner, CPA, ABV, CFF, ASA
Managing Director / Financial Valuation Advisors, Inc
Ventnor City, NJ

It's been two years since the TCJA was enacted.  Explore what we've learned about:

  • Bonus Depreciation
  • Interest Expense Limitations
  • Cost of Capital
  • Market Approach
  • Capitalized Cash Flow vs. Discounted Cash Flow
  • Service vs. Non-Service Businesses
  • Qualified Business Income
  • Tax Rates


Breakout 10: Don't Get Punk'd: Fraud, Deceit and Dissimulation in Florida (Credits: 1.0 TB)
10:00am-10:50am

William F. Mueller, Esq.
Partner/Management Consultant / Kelley Kronenberg
Ft Lauderdale, FL

Discuss legal concepts of various fraud-related areas of the law, including cases in Florida law and experiences in handling fraud claims in the state.


Break
10:50am - 11:00am
Breakout Session (choose one)

Breakout 11: Update on DLOMS and S Corporation Valuations (Credits: 1.0 TB)
11:00am-11:50am

James R. Hitchner, CPA, ABV, CFF, ASA
Managing Director / Financial Valuation Advisors, Inc
Ventnor City, NJ

Discounts for lack of marketability have come a long way.  Learn the latest in:

  • Restricted Stock Studies and Databases
  • Pre-IPO Studies and Databases
  • Option Models
  • Income-Based Models

S Corporations under the TCJA are both complicated and less complicated.  Learn your options, including:

  • Corporate vs. Individual Tax Rates
  • Service vs. Non-Service S Corporations
  • Which of Four S-corp Models are Still Valid (if any)
  • Is there an S Corp premium?
  • Dissection of the Kress and Jones Cases  (tax affecting allowed)


Breakout 12: Retirement Issues and QDROs in Divorce-Malpractice Avoidance (Credits: 1.0 TB)
11:00am-11:50am

Tim Voit
Finanical Analyst, Certified QDRO Specialist / Voit Econometrics Group, Inc
Bonita Springs, FL

Learn best practices on retirement plan issues - one of the largest marital assets as well as issues related to QDROs.


Lunch
11:50am - 1:10pm
Breakout Session (choose one)

Breakout 13: Determining Replacement Compensation versus Return on Equity in a Physician Practice (Credits: 1.0 TB)
1:10pm-2:00pm

Mark O. Dietrich, CPA/ABV
Owner / Mark O. Dietrich, CPA, PC
Framingham, MA

The fundamental task in any valuation is to distinguish the return on the owner(s)' labor from the return on ownership.  The earnings capability of a private physician practice is highly localized and determined almost solely by work effort, ownership of any ancillaries and the payment rates available in the practice's service area from health insurers.  It has little or nothing to do with so-called surveys.  Learn how to assess actual local market replacement compensation when valuing a practice for marital dissolution or an actual transaction and where intangible value may reside.


Breakout 14: Family Case Studies (Credits: 1.0 TB)
1:10pm-2:00pm

Cynthia L. Greene, Esq.
Partner / Greene Smith & Associates, PA
Miami, FL

Learn the latest in family case law through exploration of actual case studies.


Break
2:00pm - 2:10pm
General Sessions

Bitcoin: "Fake Money, Real Losses" (Credits: 1.0 TB)
2:10pm-3:00pm

Joshua S. Schmidt
Senior in Advisory Services / Marcum LLP
Ft Lauderdale, FL

Learn the top 10 things you need to know about bitcoin. 

  • Audit Guidance ASC 350
  • Audit Considerations
  • Suggested Audit Procedures
  • Private Key, What is it?
  • Private Key Management
  • Internal Controls Around Bearer Instruments
  • How Private Key Management is Effected by Internal Controls or Lack Thereof
  • IRS Pronouncement
  • How and Why Private Keys are Relevant to Both the Legal and Accounting Profession
  • Valuation Considerations


From the Bench - Interactive Judges Panel (Credits: 1.0 TB)
3:00Pm-3:50pm

Keathan Frink
Judge / 17th Judicial Circuit Court State of Florida
Ft Lauderdale, FL
AND
Tarlika Nunez-Navarro
Judge / 17th Judicial Circuit Court State of Florida
Ft Lauderdale, FL
AND
Fabienne Fahnestock
Judge / 17th Judicial Circuit Court State of Florida
Ft Lauderdale, FL
AND
Sandra Perlman
Judge / 17th Judicial Circuit Court State of Florida
Ft Lauderdale, FL

A conference favorite - join us as our panel of judges give you their views from the bench as well as answer your questions.



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