TRANSACTION ADVISORY SERVICES

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Get the latest updates on transaction advisory services. Customize your day with choices in business valuation, forensic, and transaction tracks.


Couldn't make the conference on Nov. 18? Watch the replays:

General Sessions
Nov. 23 | 8:00 a.m.-12:20 p.m.

Forensic Track Sessions
Nov. 23 | 1:00-3:30 p.m.

Business Valuation Track Sessions
Nov. 24 | 8:00-10:30 a.m.

Transaction Track Sessions
Nov. 24 | 1:00-3:30 p.m.
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A Look Back at the 2020 Conference Agenda

7:45 a.m.
 
Greetings from PICPA Leadership
8:00 a.m.
 
1-Other
The Outlook on Valuations, Forensics, and Transactions
  • Impacts on lower middle-market private transactions and economic impacts
  • Banking and financing
  • Industries that are particularly impacted, favorably or unfavorably
  • State of forensic accounting
  • M&A outlook

Moderator

McCormack, Bob
Robert J. McCormack, CVA
Managing Partner
Murphy McCormack Capital Advisors

Panelists

Rice, Andrew
Andrew Rice, CPA, CVA
Manager, Business Consulting Services Group
RKL LLP
Stezar Kaylor, Nicole
Nicole Stezar Kaylor
Co-Chair, Corporate and Tax Group
McNees Wallace & Nurick

Wegbreit, Bob
Bob Wegbreit
Partner
GF Data
8:50 a.m.
 
1-A&A
Update on Engagement Letters and the Impact of Standards
  • Fully customize engagement letters to comply with AICPA standards
  • The new SSFS1 and how it impacts your engagement letter
  • COVID-19 issues and how to deal with them in your engagement letter
  • Methods suggesting the best protection for both you and your firm to limit liability

Speaker

Glenn-Block
Glenn Block, CPA, ABV, CVA
Senior Partner
Block and Aldinger CPAs
9:40 a.m.
 
Take a Breather
9:50 a.m.
 
1-A&A
Fraud and “The New Normal”

How the short- and long-term business disruption caused by the virus will impact fraud prevention detection and investigation. Learn more on:

  • How the short- and long-term business disruption caused by the virus will impact fraud prevention detection and investigation
  • What to expect of the new environment
  • The virus’s impact on employees, contractors, vendors, and customers
  • Anti-fraud programs and controls
  • Investigations

Speaker

Breon, Michael
Michael Breon, CPA, CFE, CIA
President
Breon & Associates
10:40 a.m.
 
1-Other
Transcending Technology: Your Path to Accounting Innovation
  • Identify the human factors that enable competitive advantage for accountants
  • Identify existing innovations that may add value to your firm’s services
  • Identify what you need to do to transcend technology rather than be overcome by it

Speaker

Shimamoto, Donny
Donny Shimamoto, CPA, CITP, CGMA
Founder and Managing Director
IntrapriseTechKnowlogies LLC
11:30 a.m.
 
Lunch Break
12:20 p.m.
 
1-A&A
Digital Upskilling - Leveraging Technology in Accounting and Deals
  • Why leverage technology in deals?
  • Common tools
  • Case studies/examples
  • Resources
  • Q&A

Speakers

Campbell, Brandon
Brandon Campbell Jr., CPA
Deals Managing Director
PwC
Moira Schanne
Moira Schanne, CPA
Deals Manager
PwC
1:10 p.m.
 
Virtual Room Change Break
1:15 p.m.
 
CONCURRENT SESSION #1
Forensic Track
1-Other
Cybersecurity: Got Logs? Gathering Electronic Evidence in Three Easy Steps
  • Lessons from Yahoo and Verizon on risk assessments and the M&A transaction
  • Noninvasive opportunities for buyers to inquire about cybersecurity readiness of target
  • Tools and techniques for assessing business interruption damages caused by ransomware and other cyber hacking

Speakers

Pfiester, Kai
Kai Pfiester
Founding Partner
Black Cipher Security
Brenner, Jeff
Jeff Brenner, Esq., NJLPI
General Partner
Black Cipher Security
Business Valuation Track
1-Other
Impact of COVID-19 on Business Valuation – Part 1
  • Updated COVID-19 and business valuation timeline
  • 2020 valuation dates
  • Examples using probabilistic/scenario analyses in the DCF and CCF
  • How to normalize income in years 2020, 2021, 2022, and the terminal year of a DCF model
  • How to apply the CCF model with “bolt-ons”
  • Various government COVID-19 programs including the CARES Act stimulus bill

Speaker

Jim Hitchner
James R. Hitchner, CPA, ABV, CFF
Managing Director, Financial Valuation Advisors
President, Financial Consulting Group
CEO, Valuation Products and Services
Transaction Track
1-A&A
Hot Topics in Acquisition Accounting
  • Acquisition overview and refresher
  • Key accounting hot topics
  • Key valuation hot topics
  • Other considerations, including disclosures

Speakers

Boggs, Brian
Brian Boggs, CPA
Deals Partner Focused on Capital Markets and Accounting Services
PwC
Allcorn, Douglas
Douglas Allcorn, CFA
Deals Partner Focused on Valuation
PwC
2:05 p.m.
 
Break
2:15 p.m.
 
CONCURRENT SESSION #2
Forensic Track
1-Other
Business Interruption Damages
     Preview this session >>
  • Discuss the causes of business interruption
  • How to document claim elements
  • Business interruption in a COVID-19 world

Speakers

Stavros, James
James A. Stavros, CPA, CFF
Director
Forensic Resolutions Inc.
Jeffrey T. Willoughby, CPA
Jeffrey Willoughby, CPA, ABV, CFF
Director
Forensic Resolutions Inc.
Business Valuation Track
1-Other
Impact of COVID-19 on Business Valuation – Part 2
  • Examples on discount rates
  • How to support interim and long-term growth rates
  • Various adjustments to make the guideline company transactions method more valid
  • How to use public market data
  • Discounts for lack of marketability and control
  • S corporations

Speaker

Jim Hitchner
James R. Hitchner, CPA, ABV, CFF
Managing Director, Financial Valuation Advisors
President, Financial Consulting Group
CEO, Valuation Products and Services
Transaction Track
1-Other
M&A in a Recession – Why This Time Is Different
  • M&A in Great Recession vs. dot.com bust vs. current pandemic
  • Which buyers hold the cards? PE vs. strategic
  • How to prepare clients looking to test capital markets in current M&A environment
  • Different types of risk that can hurt valuation and potentially derail your client’s deal
  • Common risk factors across lower middle market companies and how to resolve/position around these risk factors
  • How to know if a client is sale ready in current environment
  • What you can do as an accounting adviser to help prepare for a capital event down the road

Speakers

Parkinson, Danny
Danny Parkinson
Vice President
Class VI Partners
3:05 p.m.
 
Virtual Room Change Break
3:10 p.m.
 
CONCURRENT SESSION #3
Forensic Track
1-A&A
Companies Falsely Attributing Poor Financial Performance to COVID-19
  • Areas where companies have the ability to hide poor financial performance behind the impact from the pandemic
  • Unsupportable estimates and judgments
  • Delayed asset impairment
  • Modification of fair value of investments
  • Write-down of receivables
  • Failure to properly record/disclose loss contingencies

Speaker

Flanagan, Kirsten
Kirsten Flanagan, CPA, CFE, CFF
Partner
Friedman LLP
Business Valuation Track
1-A&A
Due Diligence During COVID-19 and Beyond
  • Discuss the "prior" state
  • Impacts on the process, including increased reliance on technology, target personnel implications and timing
  • Higher risks, including increased focus on supply chain, customer/industry concentrations, inventory reserves, and workforce issues
  • Nature and timing of site visits
  • Unique situations: inventory validation and CARES Act programs (including compliance, loan forgiveness, etc.)
  • Lending environment and increased scrutiny
  • Consulting standards, including clients’ assumption of risk and report disclaimers
  • Expectations for the future: uncertainty

Speakers

Brdar, Marc
Marc Brdar, CPA, CFF, CIA
Director - Business Advisory Group
Schneider Downs
Matthews, Brian
Brian Matthews, CPA
Senior Manager - Business Advisory Group
Schneider Downs
4:00 p.m.
 
See You Next Year

Credits

CPE Credits: 8

General Sessions: 3-A&A; 2-Other;
Concurrent: Listed in session descriptions

Level: Update
Prerequisites: None

CLE Credits: This conference has been submitted for 6.5-Substantive CLE credits.
Attorneys requesting CLE credits must include an additional $50.

Registration

PICPA Member: $345
Nonmember: $445
CLE Credits Fee: $50

CLE Credits Fee: $50
ClassPass: 8

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Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.

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