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!
Speaker: Jim Hitchner, CPA, ABV,CFF, Managing Director, Financial Valuation Advisors
9:45 am
Break
10:00 am
Reasonable Compensation Using IRS Job Aide
Speaker: R. Christopher Rosenthal, CPA, ASA, ABV, CFF, AEP, Managing Member, Vallit Dispute and Valuation Advisors
11:15 am
Break
11:25 am
Data Analytics for Big Data using Alteryx
Speaker: David C. Alonge, Alteryx Certified Engineer, Senior Data Analysis, PBMares, LLP
PBMares Baltimore performs Healthcare Audits for large clients every year. We receive raw data files containing tens of millions of records and process them in an analytic tool called Alteryx. My presentation will be a demonstration of how Data Analytics and Alteryx have made full audits possible, rather than simply auditing sample selections.
12:25 pm
Lunch
1:15 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
Break
2:40 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
Break
4:00 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
