A Forensic Accountant’s Cheat Sheet on Analyzing a Demand

What You Will Learn

• Gain a familiarity of accounting/financial terms
• Understand components which have a “tail” of time vs. a historical “tale” of time
• What is Actual Cash Value (ACV)
• Tax Basis vs. Cash Basis – Determining the “Real” Numbers
• Understanding the value of documents generated or verified from an outside source
  

In this presentation, our speakers will walk participants through a review of a demand from a forensic accountant’s point of view:

• What are the things we “see” from our point of view?
• Where do we focus our attention?
• How do balance the need to “dig in” and the value of what the analysis will reveal?
• Why do we ask for certain documents?
• Time – understanding damages that will fluctuate based on the period allowed

They will also discuss the various types of support documentation and how it assists in the verification of damages: Tax Returns, Financial Statements (Balance Sheet, Profit and Loss Statements), Fixed Asset Ledger, General Ledger, and Other Ledgers; Bank & Credit Card Statements; and Invoices (Original, Replacement, Internal, External).

Finally, more and more cases are won on visual persuasion to the jury. Our speakers will present examples of effective visual charts:
• Side-by-side comparisons
• Summary vs. Detail
• Visuals that assist with the understanding of a complex topic, terminology, and/or calculation

A picture is worth a thousand words and the correct graphic can save your client thousands of dollars.

Register Today!

Featured Speakers

Paula Essick is a Vice President within the Forensic Accounting sector of J.S. Held. Paula has worked with insurers, attorneys, and companies across a wide range of industries. She has thirty years of experience analyzing commercial insurance claims along with providing litigation support in a variety of circumstances. The damages measured relate to Asbestos, Builder’s Risk, Business Interruption, Employee Theft, Extra Expense, Jeweler’s Block, Liability, Loss of Rents, Product Recall, and Property (including Building, Personal Property and Inventory).

Tom Levato, CPA/CFF, CFE is a Vice President in the J.S. Held Forensic Accounting & Economic Advisory Services. He specializes in fraud investigations, forensicaccounting analyses, complex litigation, economic damage calculations, and Expert Testimony in a variety of industries and services. Tom has over thirty-five years of experience as a forensic accounting, fraud investigator, and financial consultant. Tom’s hands-on approach to facilitating dispute resolution has enabled him to successfully resolve matters without the use of litigation. Tom has also been called upon to testify in numerous matters when dispute resolution has not been a viable option.