Upcoming Webinar

VPS Straight Talk Series


Tuesday, August 6, 2024 1:00 – 3:00 pm EDT

Business Valuation Litigation Reports – How and Where They Will Come After You

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Speakers:

  • Jim Hitchner, CPA/ABV/CFF
  • Harold G. Martin, Jr., CPA/ABV/CFF, ASA, CFE

The main highlight of this session will be the review of a WORD version of a detailed sample litigation report. Learn what to put in and not put in a report for litigation purposes. It does not matter whether you are right or wrong – they will still come after you. This report is also in conformity with the standards of AICPA, ASA, NACVA, and USPAP.

Webinar Outline:

  • Sample language and examples to put in your detailed litigation reports
  • Front summary language including terms, definitions, disclaimers, caveats, scope of work, list of documents relied upon, procedures performed, restrictions or limitations, distribution, and level of reliance
  • Adherence to BV reporting standards (AICPA, ASA, NACVA, and USPAP)
  • Addendums, assumptions and limiting conditions, and valuation representation/certifications
  • Sample language and examples to NOT put in your reports
  • The best way to organize your report
  • Citing references for definitions, concepts, and applications
  • The use and abuse in relying upon canned economic and industry data
  • Reliance on RMA and other types of benchmark data
  • Quantitative and qualitative weightings of values
  • Length of reports
  • Mock testimonies

Learning Objectives
The participant will learn:

  • How attorneys will attack your report – mock testimonies
  • About language that will limit an attorney’s ability to twist things around, including you – mock testimonies
  • The use of protective and risk management language – CYA vs. litigation fodder
  • How to properly use addendums, appraisal representations/certifications, assumptions, and limited conditions
  • Bad words, sentences, and paragraphs that are inappropriately included in reports – mock testimony

Handouts:

  • VPS webinar PowerPoint slides
  • Sample detailed report
  • Following the webinar, attendees will have access to a video recording of the program

About the Presenters:

Jim Hitchner, CPA/ABV/CFF

  • Inductee in the AICPA BV Hall of Fame
  • Two-time recipient of the AICPA BV Volunteer of the Year award
  • Managing Director, Financial Valuation Advisors
  • CEO, Valuation Products and Services
  • President, The Financial Consulting Group
  • 43 years in valuation services
  • Former member of the AICPA BV Standards Writing Task Force
  • Coauthored over 20 courses; taught over 60 courses
  • Published over 150 articles; made over 400 presentations
  • Editor in Chief, Hardball with Hitchner
  • Coauthor, Discount for Lack of Marketability Guide and Toolkit
  • Coauthor, Hitchner Pratt Fishman: A Consensus View, Q&A Guide to Financial Valuation
  • Coauthor, Financial Valuation Applications and Models, 1st–5th editions

Harold Martin, CPA/ABV, CFF, ASA, CFE

  • Managing Director, Financial Consulting Group
  • Inductee in the AICPA BV Hall of Fame
  • Two-time recipient of the AICPA BV Volunteer of the Year award
  • Director and former Partner-in-Charge of Valuation and Forensic Services Practice and member of Executive Committee, Keiter
  • Over 40 years’ experience in valuation and forensic services, public accounting, and financial services
  • Adjunct faculty member, The College of William and Mary
  • Taught over 50 AICPA courses on valuation and forensic accounting, including AICPA BV School, AICPA ABV Exam Review Course, and AICPA Expert Witness Skills Workshop
  • Co-author, Financial Valuation Applications and Models, 1st–5th editions
  • Contributing author, Cost of Capital: Estimation and Applications, 2nd–4th editions

Jim Hitchner’s Valuation Products and Services (VPS) provides tools to assist practitioners in business valuation, litigation services, and forensics and fraud.

Valuation Products and Service, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

The VPS StraightTalk webinar series brings you outstanding continuing professional education on business valuation and litigation topics. Unless otherwise noted, all webinars are targeted at an intermediate program level, qualify for two hours of CPE credit, and begin at 1:00 p.m. ET. Pay one fee of $239 for your staff to participate, including your remote offices. Your employees can receive 2 CPE credits for attending the live presentation at NO additional fee. (Attendees must follow the webinar participant instructions to qualify. Certain restrictions apply to firms who have more than 20 attendees.) More information on the VPS StraightTalk webinar series can be found here.