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Foundations of Financial Forensics Workshop

Consultants' Training Institute
Co-Sponsored by the National Association of Certified Valuators and Analysts® and The Financial Forensics Institute™

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Arrow How You Will Benefit Arrow Dates and Locations
Arrow What You Will Cover Arrow Pricing and CPE

Unlike most financial forensics training that tends to be general in scope, the Foundations of Financial Forensics Workshop provides attendees with an understanding of the professional responsibilities and legal underpinnings necessary to providing credible financial forensics services along with an overview of the highest growth areas of financial forensics practice. The nationally recognized and seasoned financial forensic experts who teach the program also dive into the methodologies and approaches for calculating damages, financial investigative and forensic accounting techniques, skills development for communicating with judges, attorneys, and juries, and practice building strategies that are being employed by successful and emerging financial forensic analysts. Training and certification in this field will greatly assist CPAs and other financial experts to build their practice in this rapidly growing financial consulting niche. The workshop teaches to the body of knowledge for financial forensics and prepares attendees to achieve the Master Analyst in Financial Forensics® (MAFF®) credential. MAFF candidates can fulfill the foundational experience prerequisite with attendance at this workshop.
 
MAFF Credential Pathway

How You Will Benefit

After completing this workshop, attendees will be able to:

  • Identify the methodologies and approaches of financial forensics and how to integrate them in related proceedings
  • Differentiate between generally accepted financial forensic methodologies
  • Identify the elements of a report that meet the demands of the legal system
  • Recognize and avoid pitfalls of incorporating financial evidence in a legal proceeding
  • Recognize, implement, and apply legal concepts protocol to financial expert engagements
  • Identify the responsibilities of an expert, from retention through resolution of the proceeding
  • Specify the basics of the legal system and professional standards
  • Distinguish between the role of the financial forensics analyst as a testifying and/or consulting expert
  • Determine the conceptual types of lost profits, measures of loss, and methods to calculate lost profits
  • Distinguish between the different types of specific financial forensic engagements
  • Formulate effective and defensible lost profits and damages models in the context of litigation
  • Explain the role of the financial forensics analyst in the investigation, standard of care, and determination of damages
  • Employ proven techniques of practice management applicable to the financial forensics practice

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What You Will Cover

Day 1 A.M.: Professional Responsibilities, Practice Management, and Fundamental Forensic Knowledge

  • Explain the responsibilities of practicing in financial forensics
  • Apply the relevant legal principles to the application of financial forensics
  • Evaluate engagement acceptance, planning and preparation, forensic procedures, and tools and techniques
  • Summarize issues involved with civil litigation

Day 1 P.M.: Laws, Courts, and Dispute Resolution; Expert Deposition and Testimony

  • Distinguish between the various dispute resolutions
  • Differentiate between state and federal court
  • Describe what constitutes effective deposition and trial testimony
  • Differentiate  between good, better, and best answers to typical questions encountered in deposition

Day 2: Economic Damages Calculations

  • Distinguish the differences in measurements for patent, copyright, and trademark damages
  • Relate the legal principles and parameters to the presentation of business damages
  • Distinguish between approaches and methods to managing personal injury and wrongful death cases, and intellectual property damages
  • Carry out hands-on exercises relating to practical experience in the application of damages calculations
 
Day 3: Valuation and Family Law


  • Classify 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
  • Define the standards and premise of the valuation, the valuation process and approaches, and issues surrounding financial statement analysis

Day 4: Financial Statement Misrepresentation and Fraud Prevention, Detection, and Response

  • Apply a 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
  • Recognize the nature and motivations for financial misrepresentation and types of fraudulent misstatements
  • Determine the elements of fraud risk assessment, identification, investigation, and corrective actions
  • Evaluate case studies that give insight into the practical experience and application of financial statement misrepresentation and fraud abuses

Day 5 A.M.: Bankruptcy, Insolvency, and Reorganization

  • List and apply the principles that define a company as insolvent
  • Recognize and document fraudulent transfers
  • Specify the scope of tasks involved in bankruptcy, insolvency, and reorganization engagements
  • Formulate a plan for designing and implementing a turnaround strategy
  • Identify issues related to solvency tests, legal precedents, tax considerations, and core proceedings


Day 5 P.M.: Computer Forensic Analysis

  • Analyze how to identify, preserve, and handle evidence
  • Outline conditions that give rise to breaches in computer systems and the forensic techniques designed to detect and remedy them
  • Categorize types of cybercrime 

Who Should Attend
CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters. This training is geared toward the seasoned practitioner and utilizes state-of-the-art training techniques to maximize learning and retention. Less seasoned practitioners have much to gain also, because this training—challenging as it is—will broaden their perspectives and tune their skills for working effectively with legal professionals. 

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Foundations of Financial Forensics Workshop Faculty


To register, select the date and location you'd like to attend and click the "Register Online Now" button for our online event registration. Contact Member/Client Services at (800) 677-2009 for questions or registration assistance.
 
      Early Registration Discounts
and Deadlines
Dates Location   10% 5%
December 11–16, 2017 San Diego, CA Register Now 10/31/2017 11/30/2017
June 18–23, 2018 Las Vegas, NV
 
 
4/30/2018 5/31/2018
October 29–November 3, 2018 Chicago, IL
 
 
8/31/2018 9/30/2018
December 10–15, 2018 Ft. Lauderdale, FL
 
 
9/30/2018 10/31/2018

 Live online broadcast from this location is also available. Visit the Online Learning page for details and registration.

This course is Monday through Friday, 8:30 a.m.–5:15 p.m.
The exam on Saturday starts at 8:00 a.m.  Please allow 5 ½ hours for completion depending on transition time in-between questions which does not count towards the total time allowed of five hours. 
 
This course is paperless.  Attendees will be provided a link to course material that will be used during the course, so attendees will need a laptop with Internet access.  The CTI will provide electric power and Internet access, but will not provide laptops.  Attendees are encouraged to bring their own mobile wireless modem or hotspot device.

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Pricing (Before Early Registration Discount)
Live training pricing valid through March 31, 2018.


Non-Member


Member
Live Option Package: Five-day Workshop, plus MAFF Certification Exam ($300 off retail price) (40 Hrs CPE)
$3,295 $2,995
Live Option: Five-day Workshop (40 Hrs CPE) $3,000 $2,700
MAFF Certification Exam $595 $595
First-year NACVA Membership $495  
 

CPE Hours
Delivery Method Group-Live
Program Level Intermediate
Advanced Preparation None
Prerequisites Previous training or research on subject matter being taught. 
Fields of Study Accounting 8
  Auditing 6
  Behavioral Ethics 2
  Business Law 3
  Communications and Marketing 2
  Information Technology 3
  Economics 3
  Finance 5
  Management Services 3
  Regulatory Ethics 2
  Taxes 3
Total CPE Hours   40

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

Foundations of Financial Forensics Workshop Webinar    

Part 1: Fundamental Forensic Knowledge, Damages, and Valuation February 5–9, 2018  
Part 2: Practical Approaches to Financial Forensic Engagements February 26–March 2, 2018
     


Pricing (Before Early Registration Discount)


Non-Member


Member
Webinar Option Package: Ten-part Webinar Series, plus MAFF Certification Exam ($200 off retail price) (30 Hrs CPE) $3,295 $2,995
Five-day Webinar Series (15 Hrs CPE) $900 $810

10% Early Registration Discount Available. Visit the Online Learning page for details and registration.

On-Demand Option Available!
The Foundations of Financial Forensics Workshop is also available as an CPE On-Demand webinar course.