2023 FORENSIC VALUATION CONFERENCE

Insights into Business Valuation, Forensic Accounting, and Litigation Support.

MACPA has designed the Forensic Valuation Conference specifically to serve the critical niche of CPAs involved or interested in these sectors. This year’s topics include:

• Reasonable Compensation Using IRS Job Aid
• Data Analytics
• Market Approach

Jim Hitchner will be our keynote speaker! This will be a great event!

8:00 AM - 8:30 AM Breakfast and Registration

8:30 AM - 9:45 AM Financial Valuation

Speaker: Jim Hitchner, CPA, ABV,CFF, Managing Director, Financial Valuation Advisors

9:45 AM - 10:00 AM Break

10:00 AM - 11:15 AM Determining Reasonable Compensation in Disputes Using the IRS Reasonable Compensation Job Aid

Speaker: R. Christopher Rosenthal, CPA, ASA, ABV, CFF, AEP, Managing Member, Vallit Dispute and Valuation Advisors

11:15 AM - 11:25 AM Break

11:25 AM - 12:25 PM Forensic Data Analytics for Accounting

Speakers: Christopher Guarino, Experienced Senior Associate, Shawn Brubaker, Senior Manager, and Steve Moye, BDO USA, LLP

This session gives insight into how data analytics concepts may be applied to forensics engagements. The speakers will cover an overview of analytics and provide real-world examples of how to present data in digestible formats when working to identify trends and key takeaways.

12:25 PM - 1:15 PM Lunch

1:15 PM - 2:30 PM Understanding and Valuing Medical Specialties

Speaker: Mark Dietrich, CPA, Author and Consultant

Recently retired from active practice, Mark shares the “trade secrets” of a 45-year career with valuation engagements in 46 states, as well as consulting in England and Scotland.

• Overcoming the challenge of determining what portion of available income represents reasonable or replacement compensation – or the return on equity.
• Participants will learn the basics of revenue and profit analysis using physician billing codes from a Case Study, and where to obtain the necessary valuation engagement tools to apply it.

2:30 PM - 2:40 PM Break

2:40 PM - 3:55 PM The Price is Right or Not! Use and Misuse of the Market Approach/Guideline Transaction Method

Speakers: Asif Charania, CPA/ABV, CFF, ASA, Partner, Valuation and Forensic Services and Greg Saunders, CPA/ABV, ASA, Senior Manager, Valuation and Forensic Services, Keiter

Learning Objectives for CPE:

• Alternative standards of value and implications for valuation
• The market approach and alternative methods
• Determining “comparability”
• Transaction purpose, motivation of the buyer/seller, financial v. synergistic buyers, distressed sales
• Transaction terms: stock or asset deal, cash deal, seller-financing, contingent consideration, and non-compete agreements
• Availability of financial information to assess trends, profitability, growth prospects; identify required normalization adjustments; and identify specific company risk factors
• Availability of data to assess types of products and services offered and geographic markets and customer base served
• Assessment of the transaction date and whether the multiple reflects current economic, industry, and market conditions as of the valuation date
• Selection of multiples
• Examples of transaction databases
• Representative case precedent

3:55 PM - 4:00 PM Break

4:00 PM - 5:00 PM Roundtable with our Community

Speakers: Wayne Markey, JD, CPA, ABV, CBA, Attorney at Law, Executive Solution Consultant, W. C. Markey & Associates Tax and Business Services, LLC

Eric Rollinger, JD, MPA, CPA, CVA, MAFF, Principal at Stein Sperling

R. Christopher Rosenthal, CPA, ASA, ABV, CFF, AEP, Managing Member, Vallit Dispute and Valuation Advisors

Our Roundtable will provide attendees a chance to ask any lingering questions from the seminar. Additionally, anticipated topics include personal goodwill, COVIDs effect on valuations, and tax affecting for pass thru entities.

Please note – materials for this event will be provided electronically ONLY. Please feel free to bring your own device to view the materials. We recommend that you download them prior to the event date rather than onsite.