Most Clicked Forensic & Valuation Reporter Stories
1. Scammer shows how easy it is to defraud Medicare
Forensic & Valuation Reporter | Nov 17, 2009
Medicare fraud -- estimated at $60 billion a year -- is one of the largest money-making crimes in the U.S. today, according to this article, which notes that a scammer showed Steve Kroft and "60 Minutes" how simple it is to steal from the government health program. Kroft also talked to people who recommended more oversight as a means of addressing the problem. CBS News (10/25)
2. Madoff says he was surprised that the SEC didn't catch him
Forensic & Valuation Reporter | Nov 17, 2009
Bernard Madoff expressed surprise that the Securities and Exchange Commission did not detect his Ponzi scheme. Investigators were too concerned with details, Madoff said, and did not investigate the most obvious connections, such as checking the clearinghouse to see whether his trades were being executed. Had they done so, they would have detected it years earlier, Madoff said. New York Times, The (10/30)
3. Florida lawyer is suspected of running Ponzi scheme
Forensic & Valuation Reporter | Nov 17, 2009
Reuters (11/10)
4. Scandals help highlight the role of forensic accounting
Forensic & Valuation Reporter | Nov 17, 2009
The role of forensic accountants in American criminal and civil litigation has become more visible with Ponzi schemes and scandals coming to the fore, says Ronald L. Durkin, senior managing director of Durkin Forensic. The forensic accountant must reconstruct how a fraud took place by sifting vast numbers of records, but also by filling in gaps where records are missing. Communication skills can be key as the forensic accountant must explain his findings in court, Durkin says. Accountancy Age (London) (10/22)
5. Cramer calls for third-party valuation
Forensic & Valuation Reporter | Nov 17, 2009
CNBC's Jim Cramer recently called for the increased use of third-party valuation firms, and demand for third-party valuation is on the rise as the push for increased transparency and regulation of a broader range of financial products gains strength, according to this blog post. Auditors aren't qualified to provide valuation of company portfolios, the blog post notes. FinanceTangent.com (11/10)
6. Making valuations in private equity
Forensic & Valuation Reporter | Nov 17, 2009
Private-equity investors distinguish between "pre-money" and "post-money" valuations, according to this article. Changes to existing capital, without fresh investment, are called pre-money valuations. Changes that involve an injection of fresh equity are called post-money valuations. Seeking Alpha (11/01)
7. Former SEC lawyer is linked to Dreier case
Forensic & Valuation Reporter | Nov 17, 2009
Wall Street Journal, The (11/09)
8. FASB issues exposure draft of proposed update to accounting standards
Forensic & Valuation Reporter | Nov 17, 2009
Journal of Accountancy (11/2009)
9. Order Introduction to Business Valuation self-study for 16 hours of CPE
Forensic & Valuation Reporter | Nov 17, 2009
This course, written by Gary Trugman, is an introductory business-valuation course for the individual who knows very little about business valuation. The purpose is to introduce business-valuation concepts, theory and application. Interwoven into this course is a case-study analysis of a small restaurant so that you can see how an actual valuation is done. The course is offered in a hard copy format and qualifies for 16 hours of CPE.
10. Just Announced! Live Web seminar series: Cost of Capital as a Critical Element in Business Valuation
Forensic & Valuation Reporter | Nov 17, 2009
Fundamental efforts to value a business require an estimate of its cost of capital. Cost of capital is frequently the most controversial issue in litigation involving business valuations and/or economic damages. Join thought leaders Robert Reilly, Brian Brinig, Jeff Kinrich, James Harrington, Roger Grabowski and Kevin Yeanoplos as they share tips and proven strategies that will help participants increase their understanding of this complex subject in this four-part series. Register for all four sessions and save.
Learn more about this series and the FVS section.
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