Plenary/General Sessions (Tuesday)

Around the Valuation World Morning Show

Tuesday, June 22, 2021 8:35 a.m. - 9:25 a.m. ET
None
Total CPE: 1
Program Level: None

Who Should Attend:

None

Prerequisites:

None required. These overview programs may be appropriate for professionals at all organizational levels.

Advanced Preparation:

None


COVID-19 One Year Later: Lessons Learned About Cost of Capital Assumptions

Tuesday, June 22, 2021 9:40 a.m. - 10:30 a.m. ET

The coronavirus (COVID-19) outbreak in 2020 generated unprecedented reaction to a global pandemic. In addition to the thousands of human casualties, the negative impact on financial markets has been devastating. Join Carla Nunes and James Harrington (both of Duff & Phelps) as they discuss the pandemic’s effect on valuation analyses. The presenters will provide an updated COVID-19 timeline, latest performance in global financial markets, updated economic and earnings growth forecasts, and a special focus on the “lessons learned” about basic cost of capital assumptions (e.g., risk-free rates, ERPs, betas) in the aftermath of the pandemic. 

After completing this session, attendees will be able to:

  • Describe the timeline (with key dates) of the worldwide COVID-19 pandemic
  • Discuss the general impact of the COVID-19 pandemic on valuation analyses
  • Evaluate the adjustments that may be needed to cash flows, projected growth in cash flows, and discount rates

Total CPE: 1
Fields of Study: Finance: 1
Program Level: Update - Learning activity level that provides a general review of new developments.

Who Should Attend:

Valuation professionals, corporate development teams, CFOs, controllers, finance department leaders, investment banking professionals, private equity & hedge fund professionals.

Prerequisites:

Participants need a background in the subject area and desire to keep current.

Advanced Preparation:

None

Jim Harrington

Jim  Harrington

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Carla Nunes

Carla  Nunes

CFA

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New Standards for Conducting Financial Forensics

Tuesday, June 22, 2021 9:40 a.m. - 10:30 a.m. ET

2019 saw the adoption of two new sets of universal standards for the growing and popular industry of financial forensics: 1) the Statement on Standards for Forensic Services No 1, issued by the American Institute of CPAs, and 2) the General Principles for Financial Forensics endorsed by the Conference of International Investigators. Why is the industry getting tougher on its professionals and issuing more authoritative guidance? This session will recap the origins of the profession, explain its unique differences and value, compare the two recent standards, and posit why the industry needed higher standards, more precise definitions and clarity of purpose, further consistency across practitioners, and increased credibility with clients.

After attending this session, attendees will be able to:

  • Recount the origins and history of the financial forensics industry
  • Identify and differentiate between the varied services offered by a financial forensics accounting professional
  • Identify the two most widely-recognized standards for financial forensic audit practitioners and their target audiences
  • Differentiate the similarities and stark contrasts between the two sets of standards
  • Recite the different levels of standards of proof and their general uses in financial forensics engagements 
  • Develop and tailor a forensic audit engagement’s scope of services and staffed resources to the engagement’s objectives and required standards of proof

Total CPE: 1
Fields of Study: Accounting: 1
Program Level: Overview - Learning activity level that provides a general review of a subject area from a broad perspective.

Who Should Attend:

Financial forensic practitioners, CFOs, CPAs, CFEs, CFFs, and attorneys.

Prerequisites:

None required. These overview programs may be appropriate for professionals at all organizational levels.

Advanced Preparation:

None

David Wolfe

David  Wolfe

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