Forensic and valuation services

CPAs: Criminal-pursuing agents

For most CPAs, a lunch with clients is hardly a life-threatening experience. It’s different when you’re an undercover FBI agent posing as an accountant whose clients are mob bosses.

Finding growth in FVS

Forensic accounting and business valuation practitioners have unique business development challenges. A recent survey helps shed light on where they can expect to find future growth. Plus: Download "This just in: Forensic and valuation services expected to keep growing," an infographic highlighting key findings from The 2014 AICPA Survey on International Trends in Forensic and Valuation Services.

What’s your fraud IQ?

How well do you know how to prevent, detect, and respond to data breaches? Find out in this month’s Fraud IQ quiz.

How to price an owner’s interest in a CPA firm

Many accounting firms are facing a daunting challenge paying for partner retirements. Long-standing buyout agreements often aren’t calibrated for today’s demographic and market realities. This article shows how firms can assess and adjust the terms and types of buyout agreements to facilitate successful ownership transitions.

Surviving on cross-exam: Tips for expert witnesses

Understanding the cross-examiner’s objectives can help an expert witness prepare to take the stand. It is not difficult to identify foundational principles that, if properly understood and applied, allow you to “survive” cross-examination. Here are seven tips for forensic and valuation services accountants who serve as expert witnesses. Understand the

Lessons from an $8 million fraud

Nathan J. Mueller’s fleecing of his employer, a financial services giant, is noteworthy because of the amount of money stolen, the many years the embezzlement lasted, and the internal control weaknesses that made the scheme possible. This article examines how the crime was committed and what organizations can do to protect themselves from similar losses.

What’s your fraud IQ?

Do you know how to spot the red flags of a fraudulent transaction? Can you evaluate the warning signs? Find out in our Fraud IQ quiz.

Big Data tops issues facing forensic and valuation accountants

Electronic data analysis, also known as “Big Data,” is the most pressing issue that forensic and valuation services (FVS) accountants expect to face in the near future, according to survey results released Tuesday by the AICPA. A quarter of respondents to the 2014 AICPA Survey on International Trends in Forensic

New mentoring program helps CPAs interested in CFF credential

The AICPA established the Certified in Financial Forensics Mentor Program, which is designed for AICPA members interested in developing their skills and business practices in forensic accounting through the help of more experienced forensic professionals. CPAs who apply to the program will be paired with mentors who hold the AICPA’s

Four factors that will influence the L.A. Clippers’ sale price

Three quantifiable factors will influence the sale price of the Los Angeles Clippers—and one more will trump them all, business valuation (BV) experts say. The Clippers have been the talk of the sports world for the past couple of weeks after media outlets began airing a tape of racist comments

AICPA, CPA Canada to collaborate in forensics, technology advisory services

Members of the Chartered Professional Accountants of Canada (CPA Canada) will have access to a broad portfolio of specialized information through the AICPA Information Management and Technology Assurance Section and its Forensic and Valuation Services Section. Under an agreement announced Friday, CPA Canada members can join those sections and will

Kelly Richmond Pope, CPA, CGMA, Ph.D.

My father (Tyronza R. Richmond) always encouraged me to major in accounting. He was business school dean at North Carolina Central University in Durham, N.C., for 10 years and chancellor from 1986 until 1992. I took my first accounting course as a ninth-grader at Charles E. Jordan High School in

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2018 financial reporting survey: Challenges and trends

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How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.