| Forensic Accounting in a Business Divorce
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught.
Advanced Preparation: Prior experience working on a business divorce/shareholder dispute or disassociation actions.
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
This webinar will cover the procedures and techniques used by forensic accountants in a business divorce. Topics to be covered include: 1) how to identify relevant issues that require an in-depth forensic analysis; 2) techniques and procedures used by practitioners to review and evaluate allegations made by parties; 3) dealing with the disorganized data dump from opposing counsel including use of software to review and evaluate the data; 4) dealing with findings that were not part of initial dispute and how to report them; 5) reconciling counter claims and their impact on findings; 6) preparation and analysis of True-Up calculations for unpaid distributions or allocation of income. This webinar will focus on the forensic part of a business divorce and not on valuation other than forensic adjustments supporting and quantifying adjustments used in a valuation.
After completing this webinar, attendees will be able to:
- Identify the key issues raised in a business divorce claim
- Differentiate between relevant allegations and those that are not material to any financial analysis
- Define and identify the difference between forensic adjustments and valuation adjustments
- Explain and construct schedules supporting findings
Who Should Attend
Financial and litigation professionals
Hubert Klein, CPA, ABV, CFF, CGMA, CVA, CFE
Mr. Hubert Klein is a partner in the Litigation Services Group. He is frequently called upon as a technical resource in various litigation actions. He has consulted and provided services in matters including complex damages, business valuations, due diligence analysis, fraud investigations, matrimonial proceedings, lost profit calculations, shareholder disputes, insurance claims analysis, succession planning, and estate and gift planning.
In addition, Mr. Klein has served as an agreed upon neutral expert and as an expert witness appointed by judges in the above types of matters and to issue reports for the courts on these cases. He has also been appointed by various courts to serve as a receiver, provisional director, special fiscal agent, and court’s independent forensic auditor in various civil litigation matters. He has experience in providing traditional accounting services such as financial statement and tax return preparation, financial analysis, and consulting services for closely-held businesses.
As a strong proponent of professional development, Mr. Klein frequently speaks to both business and civic groups on topics such as business valuation, forensic accounting, commercial damages, and fraud. He has presented to both regional and national organizations.
He received his BS in accounting, magna cum laude, from Johnson & Wales University, and has an AS in computer systems management.
He is a member of the American Institute of Certified Public Accountants® (AICPA®), serving on the Forensic and Litigation Service Committee and Fraud Task Force. As an active member of the New Jersey Society of Certified Public Accountants (NJSCPA) Valuation and Litigation Support Resource Group, he serves on their Litigation and Valuation Services Group and Forensic Services Interest Group. He is a member of the National Association of Certified Valuators and Analysts™ (NACVA®) State Chapter Committee and serves as the NACVA New Jersey State Chapter President. He is also a member of the Association of Certified Fraud Examiners (ACFE). In addition, Mr. Klein has been appointed to the Meadowlands 2040 Council, an economic development Think Tank for the Meadowlands and surrounding area, and is a member of the 200 Club of Bergen County.