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Business valuation, economic damage, and forensic accounting articles.

Truth Or Dare: Assessing The Reliability Of Financial Statements

Misleading financial statements can take many forms. The errors or omissions may be relatively minor or they may be significant. The problem, however, is that because of the multiple interests of those who rely on financial statements, even minor errors or omissions can prove disastrous.

The Science And Art Of Business Valuation

While a great deal has been published regarding the development of a business appraisal practice, many of the pitfalls that await the unseasoned practitioner have not been identified. And primary among those pitfalls, especially for CPAs, is the reality that business valuation, by its very nature, is as much an art as it is a science.

Valuing Personal Injury: How Much For How Long?

Essentially, in all cases, a competent economic damages expert will begin by evaluating this most basic of factors: But-for the injurious event, how much would the business or individual have earned during the damage period?

A Unified Approach To Economic Damage Calculations

a unified approach for defining and quantifying economic damages suffered by operating entities. For purposes of this treatise, economic damages refer to any temporary and/or permanent impairment caused by one or more parties and sustained by an operating entity.

Valuation Discounts For Holding Companies

Valuation discounts typically relate to either the lack of control or lack of marketability inherent in an equity interest. While these discounts are usually considered in many business appraisals, the determination of these values differs, sometimes significantly, depending upon whether a company is valued as an operating company or as a holding company.

Fair Value In Utah

We’ve all seen it: shareholders who can’t get along. So what happens when the shareholders of a private company can’t resolve their differences? In Utah, there are two statutes that govern these situations. The first, known as a judicial dissolution statute, applies when shareholders are deadlocked.

Enron Demonstrates Weakness In The Attestation Process

The SEC is now focusing on how the company valued everything from trading activities to hard assets such as investments in power plants and fiber optic networks. Specifically, the SEC is seeking to determine how and when the downgraded assets were placed on the balance sheet.

What Should I Look For In An Expert Witness

The criteria and qualifications that should guide the selection of a forensic accounting expert witness. Our discussion draws distinctions between the different skill sets that exist within forensic accounting and how those skill sets drive the selection of forensic accounting experts. We use these distinctions and classifications as a gauge for identifying appropriate experts in a variety of situations.