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Business Valuation and Financial Forensics Case Law Update

 Business Valuation and Financial Forensics Case Law Update
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting
Item Number: 15PBVNOLA25A
Shipping Weight: 0lbs. 0oz.
Price: $110.00
Program Description

Providing expert testimony is the moment of truth as to the reliability and credibility of a business appraiser’s opinion. What better way to prepare and defend one’s opinion than to examine, deconstruct, and discuss business valuation opinions and forensic damage calculations from recent high-profile court cases. By scrutinizing recent case law, this webinar will enable attendees to extract judicial opinions and analyses to strengthen one’s own credibility and conclusion.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify how case law impacts their business valuation conclusions
- Increase their awareness of various court views of valuation theory and methods—based on recent decisions
- Articulate the rationale of the court cases discussed and understand the impact on clients and their practices
- Incorporate lessons from the court into their next valuation or financial damages case

Who Should Attend

CPAs, attorneys, valuation practitioners providing expert witness testimony


Marc Bello, CPA, ABV, CVA, MAFF, MST
Mr. Marc Bello is a nationally recognized expert in business valuation and forensic accounting. He has appeared as an expert witness in the United States Tax Court as well as Massachusetts superior and probate courts. Attorneys seek Mr. Bello’s expertise in the area of litigation support, business valuation, forensic accounting, lost profits, business interruption, economic damages, and taxation.

Mr. Bello has been a partner at Edelstein & Company, LLP, since 2002 and is the leader of the business valuation and forensic accounting team. Prior to joining Edelstein, his experience includes working at an international pharmaceutical global enterprise based in Boston, in addition to handling tax engagements for public and private companies and other accounting firms.

He regularly provides business valuations in the context of marital dissolution, shareholder and partner disputes, financial reporting, gift and estate planning, business planning, and decision-making. Divorce situations often present an array of sensitive financial matters. Mr. Bello has extensive experience with complex compensation issues in divorce, such as stock options, restricted stock, phantom stock plans, double dip factors, and determining annual income. His forensic accounting experience includes finding and identifying hidden income and assets that can be pivotal to divorce resolutions.

Mr. Bello has authored numerous articles related to divorce, forensic accounting, and family business operations. He is a frequent lecturer on issues of business valuation and forensic accounting at conferences around the country. A regular instructor for the National Association of Certified Valuators and Analysts™ (NACVA®), Mr. Bello has been the lead instructor for the Current Updates in Valuation Workshop since 2007. He is currently an instructor as well for the Intermediate Business Valuation Training Center.

He is the past chair of NACVA’s Executive Advisory Board, Valuation Credentialing Board, and Educational Quality Assurance Board. He currently sits on the Family Law Advisory Committee for Massachusetts Continuing Legal Education and is the treasurer of Camp Bauercrest in Amesbury, Massachusetts.

Jason Pierce, CPA, CMA, CFM, CVA, MAFF
Mr. Jason Pierce is a principal with Edelstein & Company, LLP, in Boston. Prior to joining the firm in 2010, he was a partner at an Anchorage, Alaska, CPA firm and a valuation manager for an RSM McGladrey network firm. He is a graduate of the University of Tennessee (BS) and the University of Alaska Anchorage (MBA). Mr. Pierce has also been an adjunct professor for three universities in a variety of subjects, including business valuation.

Mr. Pierce is currently a lead instructor for the Forensic Accounting Academy. He has also contributed as an instructor or technical reviewer for the following courses: Business Valuation Training Center; Business Valuation Fundamentals for CPAs; Current Update in Valuations; Fundamentals, Techniques and Theory(FT&T); and Calculations and Applications of Income and Asset Approaches. He also helped create the Comprehensive Checklist for Valuation Engagements. Mr. Pierce has received multiple Instructor of Great Distinction Awards from NACVA. He is a past member of NACVA’s Valuation Credentialing Board and served on the Recertification Committee.

Mr. Pierce is a member of the American Institute of Certified Public Accountants, Alaska Society of Certified Public Accountants (Past Board Member), Massachusetts Society of Certified Public Accountants (Business Valuation Committee), Institute of Management Accountants (Past President—Alaska Chapter), and NACVA (Past President—Alaska Chapter). He is a frequent speaker on valuation and forensic accounting issues for the Massachusetts Continuing Legal Education (MCLE).

Mr. Pierce specializes in performing business valuations and forensic accounting engagements such as matrimonial dissolution, financial litigation, gift and estate, ESOPs, shareholder disputes, damages, wage claims, loss investigations, fiduciary violations, and other purposes. He has served as an expert witness for business valuation and forensic engagements.

Courtney Sparks White, JD, CVA, ASA, LLM
Ms. Courtney Sparks White is a partner at Clarus Partners, LLC, an accounting and business advisory firm in Columbus, Ohio. She heads up the Business Valuation and Litigation Support practice, concentrating her time in business valuation, forensic accounting, economic damages, and litigation advisory services. She has testified in court about business valuations, economic damages, and other financial matters.

Ms. White’s business valuation experience encompasses a wide range of industries. She has completed or contributed to hundreds of valuation engagements for numerous purposes, including estate and gift taxation; ESOPs; marital dissolutions; buy-sell agreements; mergers and acquisitions; Subchapter-C-to–Subchapter-S conversions; and other tax, corporate, and litigation related matters. She has experience valuing businesses and business interests in many industries including, but not limited to, automotive, construction, food service, distribution, financial services, manufacturing, healthcare, insurance, retail, and transportation.

Ms. White’s forensic accounting and litigation advisory experience includes providing expert and consulting services regarding shareholder disputes, contract disputes, business interruption claims (damages and lost profits), wrongful termination, and financial aspects of family law matters (determination of income, identification of assets, separate property tracing, etc.).

Prior to joining Clarus, Ms. White was a senior analyst at a boutique valuation and litigation support firm in Central Ohio. She started her career as a financial analyst at GBQ Partners in Columbus, Ohio.

Ms. White received her JD and LLM in taxation from Capital University Law School. During law school, she was a member of the law review as a staff member (2007–2008) and as an executive board member (2008–2009). She received a Bachelor of Arts in Mathematics from Vanderbilt University with a Minor in Financial Economics. She was an Academic All-SEC in 2000 as a member of the Vanderbilt Women’s Golf Team.

Ms. White is an Accredited Senior Appraiser with the American Society of Appraisers, a Certified Valuation Analyst with the National Association of Certified Valuators and Analysts, a member of the Ohio State Bar Association and the Columbus Bar Association. She also maintains active registration status with The Supreme Court of Ohio through compliance with continuing legal education requirements.

She is also a current member of NACVA’s Executive Advisory Board, co-editor of the Around the Valuation World monthly webzine, a past member and chair of the Valuation Credentialing Board of NACVA, a board member (2011 to present) of CASA (Court Appointed Special Advocates) of Franklin County, and a trustee (2013 to present) of Kids n’ Kamp.