5 things CPAs need to know about bankruptcy
Examine aspects of bankruptcy, including whether a CPA is likely to get paid and steps that a business can take when dealing with a bankrupt customer.
Valuation Services
Emergence through fresh-start reporting
As an entity moves through the bankruptcy process, it must meet certain criteria to qualify, upon emergence, for fresh-start reporting under FASB ASC Topic 852, Reorganizations.
Low demand leads to shrinking energy industry valuations
The coronavirus pandemic and other factors have resulted in shrinking valuations in the energy industry, according to experts at the AICPA/PDI Oil & Gas Online Conference.
John Colucci, CPA, J.D.
When selling or buying CPA firms, leaders must make sure they find a good cultural fit, according to John Colucci, CPA, J.D.
COVID-19 challenges to forensic accounting
This article discusses some of the unique challenges, and opportunities, for forensic accountants in the COVID-19-altered economy.
Cannabis and CPAs: The business opportunities and risks
A growing opportunity for CPAs exists in cannabis-related business advising. Along with that comes risk on several fronts.
Video interview tips for forensic accountants and auditors
Social distancing rules designed to stunt the growth of the COVID-19 pandemic have made it impossible, or at least impractical, to conduct in-person interviews for forensic and auditing engagements.
How the CARES Act has affected business valuation
Legislation designed to help businesses during the coronavirus pandemic has created new issues for CPAs and other valuation specialists to consider. New AICPA FAQs address these valuation concerns.
Coronavirus concerns for ESOPs and ESOP auditors
Employee stock ownership plans, their sponsors, and auditors all face new challenges and risks related to the coronavirus pandemic.
Awards recognize Forensic and Valuation Services volunteers
Elizabeth Woodward, director of Forensic Accounting and Litigation Support at Dean Dorton Allen Ford PLLC, and William Fellows, a partner in Deloitte Risk and Financial Advisory, were named Forensic & Valuation Services (FVS) Volunteers of the Year.
AICPA issues forensic accounting standards
The AICPA recently issued new professional standards for members who perform forensic accounting services engagements.
How much are college football teams worth?
Have you ever wondered how much your favorite college football team is worth? Mark Zyla, CPA/ABV, and Dan Cohen, Esq., discuss the value of teams to universities — and the ways in which a CPA might try to determine their financial valuation.
AICPA issues forensic accounting standards
The AICPA issued new professional standards for members who perform forensic accounting services engagements.
Forensic services engagements standard proposed
The AICPA Forensic and Valuation Services Executive Committee developed and issued for comment a standard for engagements of forensic services.
Hearn and Duffus recognized for FVS volunteer service
Bethany Hearn was named Business Valuation Volunteer of the Year, and David Duffus was named Forensic and Litigation Services Volunteer of the Year.
Young CPAs receive Standing Ovation in FVS
Twenty-six young CPAs were recognized through the Forensic and Valuation Services (FVS) Standing Ovation program for significant contributions in their accounting specialty areas and in their communities.
2 valuation guide working drafts issued
The AICPA issued working drafts of two new case studies that will be added to its new accounting and valuation guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies.
Proposed guidance published on inventory valuation
The AICPA Financial Reporting Executive Committee (FinREC) published a working draft on inventory valuation and is seeking comments on the draft.
AICPA Council votes to move forward with expanded eligibility for valuation credential
Members of AICPA’s governing Council voted down a motion on Sunday that would have suspended and opened additional study of expanded eligibility for the Accredited in Business Valuation (ABV) credential.
Valuation of portfolio company investments addressed in AICPA working draft
A guide under development will assist with estimates.
