Episodes

  • Estate Planning – Anticipating the Change in 2025

    Estate Planning – Anticipating the Change in 2025
    Dec 19 2024
    Plan early! The Tax Cut and Jobs Act (TCJA) significantly increased the estate tax exemption and there is uncertainty around whether it will be extended or modified. It's recommended to plan early and not wait until the last minute to ensure all necessary legal and valuation work can be completed in time. Greg Saunders and Lisa Cribben explore the complexities of estate planning and valuation, emphasizing the importance of early and continuous planning. They discuss various strategies to manage and reduce estate taxes, the critical role of valuation appraisers, and the potential impact of upcoming changes in tax laws. Guest: Lisa Cribben, CPA/ABV, Partner, Hawkins Ash CPA Host: Gregory Saunders, CPA/ABV, Sr. Manager, Keiter CPAs Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. 2024 AICPA & CIMA Forensic & Valuation Services Conference - for purchasesession: Estate Planning with The Anticipated Change in 2025also available full conference package Exclusive content – Free for FVS Section members: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content FVS Toolkit for Estate and GiftBusiness Valuations for Estate and Gift Tax Purposes Practice AidEstate and gift case law listing From the archives: FVS Valuation Podcast episodes Valuations for Gift and Estate Taxes: Review and Best PracticesValuation Court - Key Takeaways from Recent CasesValuation of Prince’s Estate LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    19 mins
  • Valuation Case Law Update

    Valuation Case Law Update
    Dec 5 2024
    In this interview, Dave and Natalya discuss several significant court cases related to gift and estate tax valuations, ESOPs, and control issues in business valuations. Throughout the discussion, they emphasize the need for careful planning and the potential implications of court decisions on future valuation practices: Controversial Connolly Case which included life insurance proceeds in the value of a company for estate tax purposesImportance of Proper Valuation Methods: The discussion emphasized the need for accurate and appropriate valuation methods, particularly in ESOP casesValuation professionals must stay informed about legal precedents and be prepared to adapt their methods accordingly Guest: Natalya Abdrasilova, Director of Valuation and Litigation Services, BDM PC Host: David Consigli Jr. , Partner, FAZ Forensics Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. 2024 AICPA & CIMA Forensic & Valuation Services Conference - for purchase Valuation Case Law Update session Full conference package Exclusive content – Free for FVS Section members: If you’re not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content FVS Toolkit for Estate and GiftEstate and gift case law case summaries2024 Economic Damages Case Law Update - Case Summaries From the archives: FVS Valuation Podcast episodes Using AI in Your Valuation Practice – Part 2 Valuations for Gift and Estate Taxes: Review and Best Practices Valuation Court - Key Takeaways from Recent Cases LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    25 mins
  • Macroeconomic Update 2024 - Cost of Capital & Valuation Impact

    Macroeconomic Update 2024 - Cost of Capital & Valuation Impact
    Nov 21 2024
    This interview was recorded on 10/28/24 at the AICPA-CIMA Forensic and Valuation Services Conference prior to the presidential election on 11/5. Economic issues discussed are still relevant as of the publish date11/21/24 Don’t miss this deep dive into the cost of capital and its implications for businesses and investors Nunes and Harrington, both from Kroll, share a macroeconomic update with the FVS podcast, focusing on the cost of capital and its valuation impact. The U.S. economy is performing better than expected, avoiding a recession and potentially achieving a soft landing, with inflation under control. The interview touches on the: Current and future interest rate environmentPotential impacts of AI on the economySustainability of government debtFuture of energy costs, particularly the role of nuclear energy Guests: Carla S. Nunes, CFA, ABV, Managing Director, Kroll James P. Harrington, Director, Kroll Host: Nene Glenn Gianfala, CPA, ABV, Chaffe & Associates Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. Exclusive content – Free for FVS Section members: If you’re not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content FVS webcast archive | Cost of capital – basics and best practices in business valuation From FVS Valuation Podcast archives - ESG & the Cost of Capital LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    46 mins
  • Discounted Cash Flows with Roger Grabowski (revisit)

    Discounted Cash Flows with Roger Grabowski (revisit)
    Nov 7 2024

    This is a refreshed version of an episode from June 2022.

    Roger Grabowski has made numerous contributions to the field of valuation, particularly in forecasting cash flows using the discounted cash flow method (DCF). Roger speaks with Josh about the evolution of valuation practices and emphasizes the importance of understanding historical growth and differentiating between organic growth and growth through acquisitions.

    Topics discussed include:

    • The importance of learning about the company and its management
    • Thank you, Shannon Pratt - writing and presenting technical topics in an accessible manner
    • Realistic forecasting and understanding the investment philosophy of business owners:

    Guest: Roger J. Grabowski, FASA, Senior Advisor, Kroll
    Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

    Please share your thoughts about the episode - click here to leave us a review

    Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

    RESOURCES FOR FURTHER EXPLORATION
    AICPA FVS Section members receive exclusive benefits including up to 16 credits of complimentary CPE and access to rich technical content: If you’re not a member, consider joining this active community of your FVS peers. VISIT US ONLINE

    Valuation Services | AICPA & CIMA

    LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

    Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

    Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

    Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

    This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    57 mins
  • Using AI in Your Valuation Practice – Part 2

    Using AI in Your Valuation Practice – Part 2
    Oct 17 2024
    This is the 2nd of a two-episode interview with Rod Burkert who is a valuation practice coach and advisor. If you have not listened to Part 1 – consider listening now . Rod views AI as a tool, and like how professionals learned to use Excel and Word, he encourages a mindset shift to familiarize oneself with AI and its potential applications in business valuation. How to prompt so AI understands where you are coming from and gives you better resultsConsumers' expectations for professionals to incorporate AI into their practices and use AI to save time and moneyAI-related tools to help your staff up the learning curve. Practical examples of how to use AI to assist with marketing and industry knowledge Guest: Rod Burkert, CPA/ABV, Burkert Valuation Advisors Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. Rod's prompt - mentioned in the episode (scroll to the bottom of the show notes) Oct. 28-30 in Dallas, The 2024 AICPA-CIMA Forensic and Valuation Services Conference To register click here Attend in person or virtually AICPA Valuation Services home page FVS Section members have access to exclusive content and 16 credits of complimentary CPE If you’re not a member, consider joining this active community of your FVS peers. Visit us online, LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com Rod's prompt CONTEXT = I am a Certified Public Accountant and also hold these business valuation credential(s): [LIST CREDENTIALS]. My entire professional practice has been devoted to providing business valuations for my [ADD TYPES OF CLIENTS]. I also [ADD OTHER PROFESSIONAL ACTIVITIES (e.g., write and speak extensively about business valuations)]. SERVICE = A business valuation is a specific set of approaches, methods, and procedures used to estimate the economic value of a business or an owner's interest in a business. During the valuation process, all areas of a business are analyzed to determine its worth. A business valuation can be used for a variety of purposes, including income tax, gift, and estate taxes; financial reporting; employee stock ownership plans; shareholder buy-ins and buy-outs; and divorce. Business owners or their professional advisors turn to valuation professionals for an independent estimate of value of a business. The performance of business valuations is governed by professional standards set by membership organizations that issue valuation credentials. Valuation professionals also look to government regulations (e.g., Internal Revenue Service Revenue Ruling 59-60), case law, and valuation related publications for guidance. CLIENTS = My clients are [NAME THE TYPES OF CLIENTS YOU SERVE]. All of my clients’ businesses are [NAME THE TYPES OF BUSINESSES] (e.g., privately held companies and generally have revenues of $5 million to $50 million). I specialize in business valuations of [NAME TYPE OF VALATIONS YOU DO] (e.g., manufacturers and distributors, shareholder disputes). Once the prompts have been added to the AI platform you can then ask the AI the following before giving it the task: You don’t have to repeat it back, but do you understand all that I have written so far?Before I give you my task, do you have any questions about who I am or what I do?TASK = [ ]
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    25 mins
  • Eye on Fraud - Fraud in the Music Industry

    Eye on Fraud - Fraud in the Music Industry
    Oct 3 2024
    The authors of the Eye on Fraud article on the same topic, Howard Silverstone and Sean Sauder, explore historical and modern examples of music fraud, including "payola," artist fraud, and streaming fraud, and discuss industry measures to combat these issues, including: Streaming fraud: bots, click farms, and playlisting scamsImpact of fraud on artists and the industry, such as royalty fraud and illegal downloadingThe role of forensic accountants and the use of specific software and global task forces to fight streaming fraud Guests: Howard Silverstone, CPA/CFF, Executive Vice President, JS Held Sean Sauder, Senior Consultant, JS Held Host: Elizabeth Woodward, CPA/CFF, Forensic Accounting Director, Dean Dorton Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. 2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30, Dallas, TX To register click here Attend in person or virtually AICPA members qualify for a $450 discountFVS Section members, ABV, CFF, and CVFI credential holders qualify for a $550 discountGroup discounts are available for as few as 2 people Exclusive content – Free for FVS Section members: If you’re not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content Article: Fraud in the Music Industry | FVS Eye on Fraud, Summer 2024, Issue 4 LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    29 mins
  • Supporting Company Specific Risk and Reconciliation under ASC 805

    Supporting Company Specific Risk and Reconciliation under ASC 805
    Sep 19 2024

    Pod Squad host Nene Gianfala discusses how to support company specific risk and reconciliation with our experts fresh out of their session at the FVS conference. Their conversation covers complex topics including:

    • Understanding projected financial information (PFI)
    • Quantifying company specific risk premium
    • Reconciling WACC, WARA and IRR
    • Complying with disclosure requirements and
    • Learning the story behind the numbers.

    Guests:
    Charles Gallman, CPS/ABV, Managing Director, Advisory Services, Grant Thornton
    Ross McSwain, ABV, Sr. Manager, Advisory Services, Grant Thornton

    Host:
    Nene Glenn Gianfala, CPA/ABV, Vice President – Valuation Advisory Group, Chafe & Associates

    Please share your thoughts about the episode - click here to leave us a review

    Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

    RESOURCES FOR FURTHER EXPLORATION
    If you’re using a podcast app that does not hyperlink to the resources, please visit
    https://fvssection.libsyn.com/fvs to access the show notes with direct links.

    2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30, Dallas, TX

    To register click here Attend in person or virtually

    • AICPA members qualify for a $450 discount
    • FVS Section members, ABV, CFF, and CVFI credential holders qualify for a $550 discount
    • Group discounts are available for as few as 2 people

    Exclusive content included in FVS Section membership: If you’re not a member, consider joining this active community of your FVS peers. Visit us online, You will get 16 credits of complimentary CPE and access to rich technical content

    Valuations for Financial Reporting Toolkit - A resource for professionals who prepare valuations for financial reporting purposes
    This toolkit provides a place to quickly locate many of the important resources that may be useful when preparing valuations for financial reporting purposes. It is an essential guide that will allow you to increase the efficiency of your financial reporting and valuation practice including links to:

    • AICPA publications, articles, podcasts, and more.
    • Standards issued by different standard-setting bodies that relate to business valuation

    LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

    Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

    Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

    Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

    This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    27 mins
  • Elevate Your Expertise - A Visit with the 2024 Forensic and Valuation Services Conference Co-Chairs

    Elevate Your Expertise - A Visit with the 2024 Forensic and Valuation Services Conference Co-Chairs
    Sep 3 2024
    Join us for the AICPA & CIMA Forensic & Valuation Services Conference from October 28-30 in Dallas, featuring special ticketed networking events. You can attend in person or virtually but attending in Dallas provides unmatched networking with FVS professionals. Register by September 13 to get a $150 early bird discount. Here's what's in store: Keynote speech by Rebecca Ryan, a futurist and economic expertLitigation Talk Series on courtroom perspectives and Daubert challengesAI sessions on practical applications and best practices for valuation and forensic workMicro sessions on various topics, offering bonus CPE and quick insightsBeginner sessions on hot fraud topics, shareholder disputes, and more Guests: Brian Burns, CPA/ABV/CFF, Partner Forvis Mazars LLP Jolene Fraser, CPA/CFF, Managing Director, Eisner Advisory Group LLC Host: Frank Previti, CPA/CFF, Partner, DiSanto Priest & Co. Please share your thoughts about the episode - click here to leave us a review Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com RESOURCES FOR FURTHER EXPLORATION If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links. Links to register for training Oct 27-30 in Dallas: 2024 AICPA-CIMA Forensic and Valuation Services Conference, October 28-30, Dallas, TX. To register. Early bird discounts are available through Sept 13. Attend in person or virtuallyAICPA members qualify for a $450 discount FVS Section members, ABV, CFF, and CVFI credential holders qualify for a $550 discountGroup discounts are available for as few as 2 people The AICPA-CIMA Expert Witness Skills Workshop, Oct 28-30, Dallas TX. Registration is in-person only and limited to 19 seats! Register by Sept 4 to pace your pre-workshop preparation. Participate in either the Economic Damages or Business Valuation Workgroup Pre-conference workshops - in-person only Workshop A: Legal Systems, Courts & Dispute Resolution Sunday, October 27 – 8:00 am – 12:00 pm CT 3.5 CPE Credits Workshop B: Laws, Regulations & Guidance https://www.aicpa-cima.com/cpe-learning/conference/laws-regulations-guidance Sunday, October 27 – 1:00 – 5:00 pm CT 3.5 CPE Credits Workshop C: Understanding Fair Value Accounting Sunday, October 27 – 9:00 – 4:30 pm CT 7 CPE Credits This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics and business valuation services. Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content, LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS: Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com
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    20 mins