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Consultants' Training Institute

Benchmark training and certification in the accounting and financial consulting profession’s hottest growth niches.

Foundations of Financial Forensics Workshop
Co-Sponsored by the National Association of Certified Valuators and Analysts™

“CPA Firms Need to Find New Ways to Build Revenue in Post-Recession World” is the headline of a March 21, 2013 Accounting Web article authored by Frank Byrt.  Becoming an expert in forensic accounting to detect fraud, investigating financial losses, and providing litigation support services are options cited for CPA firms to build revenue.

"Demand for forensic accounting services will remain strong over the next five years in the United States as a result of increased financial regulations and continued demand for investigative services in the wake of the recession," reports Ken Tysiac in a September 2012 article for CPA Insider.

The intensive, five-day, forty-hour Foundations of Financial Forensics Workshop delivers an understanding of professional standards, the legal underpinnings of financial forensics, as well as a thorough overview of the following specialized areas of financial forensics practice:

  • Bankruptcy, Insolvency, and Reorganization
  • Business Valuation
  • Computer Forensic Analysis
  • Economic Damages
  • Family Law
  • Financial Statement Misrepresentation
  • Forensic Accounting
  • Fraud Prevention, Detection, and Response

In addition to instruction and materials, attendees will benefit from and take away a complete bibliography, practice aids, guides, checklists, and web links that will provide a solid toolkit for financial forensic resources. Training and certification in this field will greatly assist CPAs and other financial experts to build their practice in this rapidly growing accounting niche.

Day 1: Professional Responsibilities, Practice Management, and Fundamental Forensic Knowledge
This course will include discussions on the basics of the legal system, professional standards, the role of the financial forensics analyst as a testifying and/or consulting expert, and an introduction to civil litigation.  Engagement acceptance, planning and preparation, forensic procedures, and tools and techniques will also be covered.

Learning Objectives:
After completing this course, attendees will be able to:

  • Articulate the responsibilities of a CPA practicing in financial forensics
  • Apply the relevant legal principles to the application of financial forensics
  • Employ proven techniques of practice management applicable to the financial forensics practice

Day 2: Economic Damages Calculations
This course will cover the conceptual types of lost profits, measures of loss, and methods to calculate lost profits.  Discussions will also center around the approaches and methods to managing personal injury and wrongful death cases and intellectual property damages.  Hands-on exercises are incorporated that will give participants practical experience in the application of damages calculations.

Learning Objectives:
After completing this course, attendees will be able to:

  • Build an effective and defensible lost profits and damages model in the context of litigation
  • Distinguish the differences in measurements for patent, copyright, and trademark damages
  • Relate the legal principles and parameters to the presentation of business damages

Day 3: Valuation and Family Law
This course provides a distinction between financial forensics services for business valuation and family law by defining the standards and premise of the valuation, the valuation process and approaches, and issues surrounding financial statement analysis.  Also discussed are the different types of specific forensic accounting assignments for divorce engagements and practice management issues.

Learning Objectives:
After completing this course, attendees will be able to:

  • Outline the fundamental principles underlying the valuation of business enterprises
  • Distinguish between appropriate valuation approaches for estate, gift, and transactional purposes and appropriate methodology for dispute resolution purposes
  • Apply valuation and forensic methodology to the resolution of financial issues in family law matters

Day 4: Financial Statement Misrepresentation and Fraud Prevention, Detection, and Response
This course discusses the nature and motivations for financial misrepresentation, the types of fraudulent misstatements, and the role of the financial forensics analyst in the investigation, standard of care, and determination of damages.  Also discussed are the elements of fraud risk assessment, identification, and investigation and corrective actions.  Case studies are discussed that will give participants insight into the practical experience and application of financial statement misrepresentation and fraud abuses.

Learning Objectives:
After completing this course, attendees will be able to:

  • Apply proven methodology for the detection of financial statement misrepresentation
  • Employ generally accepted approaches to uncovering fraudulent transactions
  • Define the principles and procedures that may be employed to prevent fraud in the business environment

Day 5: Bankruptcy, Insolvency, and Reorganization and Computer Forensic Analysis
This course begins with a discussion of the scope of tasks involved in bankruptcy, insolvency, and reorganization engagements including analyzing operational problems, designing and implementing a turnaround strategy, an evaluation of the organization and management, developing a business plan, and actions to resolve financial problems.  Issues related to solvency tests, legal precedents, tax considerations, and core proceedings are also covered.  The course concludes with a discussion on computer forensic analysis including how computers store data; how to identify, analyze, preserve, and handle evidence; forensic v. e-discovery; data recovery and restoration; and a structured methodology for investigation.  The types of cybercrime and various forensic data tools and resources are also covered.

Learning Objectives:
After completing this course, attendees will be able to:

  • List and apply the principles that define a company as insolvent
  • Recognize and document fraudulent transfers
  • Outline the conditions that give rise to breaches in computer systems and the forensic techniques designed to detect and remedy them

Who Should Attend
MAFF candidates can fulfill the Foundational Experience Prerequisite with attendance at this Workshop.

Attorneys, auditors, bankers, CEOs, CFOs, corporate counsel, CPAs, credit analysts, economists, expert witnesses, fiduciaries, financial analysts, insurance claims adjustors, investigators, investment bankers, investors, judges, law enforcement personnel, lenders, stock and market analysts, turnaround specialists, and others.
The Foundations of Financial Forensics Workshop is taught by R. James Alerding, CPA, ABV, ASA, CVA, CFF; Tracy Coenen, CPA, CFF; Bruce Dubinsky, MST, CPA, CVA, CFE, CFF, MAFF; Karl Epps, EnCE, CHFI, CCFE; Richard Intner, CPA, ABV, CVA, CFE, CIRA; Michael Kaplan, CPA, ABV, CFF, CVA, MAFF; Karen Kaseno, CPA, ABV, CFF, CVA, CFE, MAFF; James Martin, MS, CMA, CIA, CFE; Lari Masten, MSA, CPA, ABV, CFF, CVA, ABAR, MAFF; Michael Pakter, CPA, CFE, CA, CIRA, CDBV, CFF, MAFF, CVA, CGMA; Rebekah Smith, CPA, CVA, MAFF; Tim Tribe, CPA, CFE, CFF, CICA; and Howard Zandman, CPA, CFF, MAFF.
Where and When



Early Registration
Discounts and Deadlines
10% 5%
Contact Member Services (800) 677-2009 for dates and locations.
Click here for a list of hotel locations, room rates and reservation information.
Pricing (Before Early Registration Discount) Non-Member Member
Five-day Workshop $3,000 $2,700
Individual Days $600 $540

Register Now

To register: print, complete, and mail or fax (801-486-7500) the Registration Form to the Consultants’ Training Institute (c/o NACVA); or complete the Registration Form and e-mail to info@theCTI.com; or call Member Services: (800) 677-2009. Click here for the Registration Form.

Cancellation Policy
There is no charge to reschedule your training. Cancellations received in writing two weeks prior to the first day of the seminar will be eligible for a prompt refund. A $100 administration fee will be charged for three or more days’ registration at a Consultants’ Training Institute and $50 for all other seminar registrations. If requesting a “refund,” any credit vouchers and or Pacesetter Points® applied to the original purchase will be forfeited. Cancellations received less than two weeks prior to the first day of the scheduled event (and no-shows) will be issued, upon request, a credit which may be used toward a Consultants’ Training Institute seminar, conference, self-study course, or product sold by NACVA. If requesting a “credit,” any credit vouchers and/or Pacesetter Points applied to the original purchase will be added back to the purchaser’s account for future use. There are no exceptions to this policy.

For information regarding administrative policies such as complaints and refunds, call our director of Member Services: (801) 486-0600.

Refund Policy for Airfare
CPE Hours
Delivery Method Group-Live
Program Level Overview
Advanced Preparation None
Prerequisites None
Fields of Study Accounting 2
  Auditing 5
  Business Law 1
  Computer Science 4
  Economics 1
  Finance 1
  Regulatory Ethics 1
  Specialized Knowledge and Applications 24
  Taxes 1
Total CPE Hours   40

For more information regarding CPE, Program Levels and Fields of Study please click here.

NASBA Sponsorship
The Consultants’ Training Institute (CTI) 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 submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Related Training

Forensic Accounting Webinar Series

Advanced Forensic Accounting Clinic

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