7:45-8 a.m.
Welcome and Opening Remarks
8-8:50 a.m.
Lost Profit Damages
James J. Agar, CPA, CFF, CFE, CIRA – EisnerAmper LLP
Lost Profits Damages are difficult to prove. Trained financial experts are typically employed to analyze and present complex financial damages. However, those looking to work on and prepare lost profit damages should also understand how to quantify lost profits. Understanding the framework and facets of calculations for lost profit damages gives the practitioner expertise in proving or defending a lost profit damages claim.
Key topics include:
- Lost Profit Damages Framework
- Evidence and Documentation to Consider
- Quantification of Lost Profits Damages
- Presentation of Lost Profits Damages
- Defending Against Lost Profits Damages
- Unjust Enrichment and Other Damages
8:50-9:40 a.m.
Overview of SSFS 1: Statement on Standards for Forensic Services
William Fellows, CPA, CFA, ABV, FRM - Deloitte
In this session we will cover the fundamentals of SSFS 1, including:
- Scope – Who is subject to SSFS 1 and what sorts of services does it include
- Types of Engagements – What types of engagements are covered and how does this differ from SSCS 1
- Reporting – What sorts of reports are CPAs allowed/not allowed to provide
9:40-9:55 a.m.
Morning Break
9:55-10:45 a.m.
Expert Witness Testimony
Willard C. Shih, J.D. – Wilentz, Goldman & Spitzer
David B. Smith, CPA, ABV, CFF, ASA - EisnerAmper LLP
Courts are the gatekeepers of expert testimony. Traditionally, it means that the court must ensure that the testimony assist the trier of fact, among other thresholds of admissibility. However, this presentation will focus on the lesser known “net opinion” standard unique to New Jersey law. It will identify the challenges, explain how experts should coordinate with counsel to overcome those challenges, and set forth what experts should do to ensure they are not disqualified from testifying.
10:45-11:35 a.m.
A Holistic View of Small Stock Premiums
Anthony J. Pumphrey, CFA, ASA – Valuation Research
Adam M. Smith, ASA - PriceWaterhouseCoopers LLP
Many valuation professionals have a favorite source of small stock premium data, but few consider the vast amount of data available on the subject. In this session, we will discuss many relevant studies published since the small stock premium phenomenon was first identified, including the wide diversity in views related to the measurement, application and even the continued existence of small stock premiums.
11:35 a.m.-12:25 p.m.
Lunch
12:25-1:15 p.m.
Early-Stage Life Science Valuation
Bjørn A. Midtlyng, CFA – MPI Business Valuation & Advisory
Determining the market value of an investment in an early stage life science company is an intricate task and it is possible to use several different methodologies. The session will focus on key drivers of value and how they change during a company’s progression and will address the positives and negatives of each technique.
1:15 -2:05 p.m.
Matrimonial Engagements
Robert A. Bonavito, CPA, MBA, PFS, CVA, ABV, CFE, CFF – Robert A. Bonavito CPA A Professional Corporation
It has been close to one year since the implementation of the Tax Cuts and Job Acts of 2017 (TCJA), and three years since the New Jersey legislative body enacted new statutes concerning alimony. These statutes and the TCJA have had dramatic effects on divorce and separation agreements. It is time to revisit the TCJA and the 2014 statutes to see how the tax changes have been applied and interpreted by courts and matrimonial practices.
- Effect on Pendente Lite.
- New Jersey's four categories of alimony.
- 14 factors the courts must consider when deciding the amount and duration of alimony.
- The tax effects of alimony and maintenance.
- The importance of the Case Information Statement and other areas of concern to practitioners.
2:05-2:20 p.m.
Break
2:20-3:10 p.m.
PE/VC Task force Valuation Guide
John J. Ferro CPA/ABV, CVA – Grant Thornton LLP
Many Professionals look to the AICPA’s PE/VC Guide for private equity and venture capital. Discuss the summaries of the guide’s revision:
- Objectives of the AICPA Task Force
- How to use the Guide
- Selected Topics of the Guide
- Unit of Account
- Calibration
- Valuation Methods
- Indications of interest
- Frequently Asked Questions
- Status of the Exposure Draft
- Structure of the Certified in Equity and Intangible Valuation (CEIV) Credential
3:10-4 p.m.
Utilizing AI to Detect Fraud
Mohamad Said and Phillip Matthews - Deloitte
Artificial Intelligence is an emerging technology that is expected to drastically impact the accounting profession. How can it help professionals perform their duties better? In the session, attendees will:
- Obtain a definition of AI concepts in the context of achieving better outcomes on fraud investigations, assessments, and monitoring
- Gain insights into key trends and “hot topic” forensic data science techniques used in the market place today
- Receive exposure to domain specific applications of data science and analytics through case studies and illustrative examples from prior projects
- Develop an understanding of how AI can help identify fraud risks on cross-border investigations, risk assessments, and fraud monitoring