FVS Eye on Fraud – Accountants and the Battle Against Money Laundering

With an increased understanding of financial crimes and money laundering, accountants can assist law enforcement, banks, investors, and governments with information that can be useful to help 

• Keep our capital markets functioning as intended
• Protect our national security by preventing or disrupting illicit finance.

This episode is a discussion surrounding the Summer 2023, Issue 3 of the FVS Eye on Fraud series that educates readers on the genesis of FinCEN’s efforts to enforce anti-money laundering legislation and today’s emerging issues on the topic. 

Guests:  

• Patrice Schiano, JD, CPA/CFF, Fraud Examination and Financial Forensics Program Coordinator, John Jay College of Criminal Justice
• Jeffrey Willoughby, CPA/ABV/CFF, Director, Forensic Resolutions Inc.

Host: Frank Previti, CPA/CFF, Partner and Director of Fraud, Forensic & Transaction Advisory Services, DiSanto Priest & Co.

AICPA Anti-Money Laundering landing page
AICPA FVS Eye on Fraud – Accountants and the Battle Against Money Laundering
Financial Crimes Enforcement Network (FinCEN)
Press Release (Feb. 2024) Department of the Treasury, National Money Laundering Risk Assessments 

David, Natalya, and Brian discuss the current trends and challenges in business valuation and gift and estate tax including the importance of staying up to date on the current and potential changes in the gift and estate tax landscape. 

The AICPA offers resources and guidance to practitioners that work in the business valuation of estate and gift taxation such as the toolkit landing page, practice aids, and the case law listing – see links in the RESOURCE section below

Guests:  
Brian Burns CPA/ABV/CFF, Partner and lead, FORVIS LLP Forensics and Valuation practice
Natalya Abdrasilova, CPA/ABV, MAFF, CVA, Director of Valuation & Litigation Services, BDM, PC

Host:  David Consigli, CPA/ABV, CDFA, Partner and Lead, FAZ CPAs Business Valuation Practice

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content, including BRGonline, Daubert Tracker, and Merger Shark.

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

From the FVS Section Library:
FVS estate and gift toolkit
Business Valuations for Estate and Gift Tax Purposes Practice Aid
Estate and gift case law 
Webcast: Key Trends in Estate & Gift Planning

AICPA 2023 Forensic and Valuation Conference - session available for purchase 
Valuations for Gift and Estate Taxes: Review and Best Practices 
Update on Recent Valuation Cases

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Whether you perform investigations or not, you'll find real-world applicability in this interview with Ryan who will share with us the challenges of open source intelligence investigations (OSINT), including:

• Basics that investigators need to be aware of before conducting investigations
• How  OSINT works with digital forensics
• What You might be giving away if you are not careful about how you conduct OSINT 

Guest:  Ryan Duquette, partner, and national leader of digital forensics at MNP, Toronto Canada
Host:  Elizabeth Woodward, CPA/CFF, CFE, Dean Dorton

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

AICPA 2023 Forensic and Valuation Conference - Ryan Duquette's session, Through the Looking Glass: Protecting Yourself While Conducting Internet-Based Investigations

Free for FVS Section members
Forensic Accounting – Fraud Investigations | FVS Practice Aid

Available on AICPA-CIMA.com
Understanding the Forensic Technology Landscape: A Reference Guide for Practitioners
Statement on Standards for Forensic Services

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content, including BRGonline, Daubert Tracker, and Merger Shark.  

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Natalya and Dave discuss several recent valuation cases that they presented at the 2023 AICPA FVS conference, including:

• Whether PPP funds should be included in a marital dissolution valuation
• A charitable stock donation where the appraisal was rejected because the investment banker doing it lacked proper credentials
• A divorce case where the court relied on a minority interest sale price rather than the husband's expert, and
• The Biltmore Estate case where the IRS lost arguing for an asset approach rather than an income approach 

Dave and Natalya would like to hear from you about interesting cases, especially Canadian ones.   Please share your thoughts at infoFVS@aicpa-cima.com and put in the subject: podcast ep 79.

Guest:  Natalya Abdrasilova, CPA/ABV, MAFF, CVA, Director of Valuation & Litigation Services, BDM, PC
Host:  David Consigli, CPA/ABV, CDFA, Partner and Lead, FAZ CPAs Business Valuation Practice

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

AICPA 2023 Forensic and Valuation Conference - content available for purchase:

• full conference
• session only

FVS estate and gift toolkit – case law listing  
Economic damages case law 

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get 16 credits of complimentary CPE and access to rich technical content including, BRGonline, Daubert Tracker, and Merger Shark.

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Greg and Ron unpack the intricacies of valuing companies in the marijuana industry, exploring everything from regulatory challenges to market dynamics. Ron shares his extensive experience and offers insights into his journey, the industry's growth, and the challenges and opportunities it presents.  

• Conflict between federal and state laws and regulations
• FVS practitioner engagement opportunities
• Nuances within the current landscape and landmines that must be considered when performing engagements.  

Guest:  Ronald L. Seigneur, CPA/ABV, ASA, CVA, Founding Partner, Seigneur Gustafson LLP
Host: Greg P. Saunders, CPA/ABV, ASA, Sr. Manager, Keiter CPAs

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

AICPA 2023 Forensic and Valuation Conference - content available for purchase:
session:   2023 Overview of the Marijuana Industry: The Coming Wave of Consolidation and Beyond 

Available on AICPA-CIMA.com - Discount for AICPA members
AICPA & CIMA Cannabis Industry Conference, Aug 12 - Aug 14, 2024
Leading experts will provide you with a deep dive into the rapidly growing multi-billion-dollar Cannabis industry.

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Frank and Josh Epstein delve into the intricate world of M&A disputes, exploring the critical and varying role forensic accountants serve in navigating complex financial landscapes.  This includes an independent accountant/arbitrator, independent expert, or consulting expert.  From the impact of shifting interest rates to the looming wave of baby boomer exits, learn about the ways forensic accountants can assist.

Guest: Josh Epstein, CPA/CFF, CA, CFE, Senior Manager, MNP LLP
Host: Frank Previti, CPA/CFF, CFE, DiSanto, Priest & Co..

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

AICPA 2023 Forensic and Valuation Conference - content available for purchase:
session only - Forensic Accountant's Role in M&A Disputes 

Available on AICPA-CIMA.com with a member discount
Mergers & Acquisitions FVS Practice Aid
Mergers & Acquisitions CPE Self Study (2.5 credits)
Mergers & Acquisitions CPE Self-Study (1.5 credits)

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Current economic conditions are impacting the cost of capital. Carla and Nene discuss a summary of these conditions and estimates for projected economic growth followed by a deep dive into the cost of capital inputs and how they are being impacted in the current environment including risk-free rate, equity risk premium, beta and cost of debt. 

This is the first of a series of insights we will share from the FVS conference.  The conversation was recorded right after the session in Las Vegas.  

Guest: Carla Nunes, ABV, Managing Director and Global Leader of Valuation Digital Solutions, Kroll
Host: Nene Glenn Gianfala, CPA/ABV, ASA-BV/IA, Chaffe & Associates, Inc.

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

 RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

AICPA 2023 Forensic and Valuation Conference - content available for purchase:

• full conference
• session only The New Normal: Cost of Capital in a Higher Interest Rate Environment

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

We discuss with Rumbi Petrozzello, the lead author of the winter 2023 issue of Eye on Fraud, a quarterly publication created by the FLS Fraud Task Force:  

• What is ransomware?
• What are the key techniques used to attach IT networks
• What should forensic accountants do, both professionally and personally, before and after an attack?

The FVS podcast will be featuring an episode on each Eye of Fraud publication from 2023 and forward. If you are a FVS section member perhaps you have already read this content.  We hope these podcast episodes give you a new and different way to explore this information.  If you are not a Section member, this episode will give you a sample of what is included in the FVS Section’s resource library.  

Host:   Frank Previti, CPA/CFF, CFE, DiSanto, Priest & Co.
Guest:  Rumbi Bwerinofa-Petrozzello, CPA/CFF, CFE, Head of Strategy, Consulting, Seramount

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members

• Ransomware attacks and the Forensic Accountant’s role | FVS Eye on Fraud, Mar 2023
• Impact of everyday cyber intrusions - claims and coverages, Mar 2020
• Increased risk of ransomware during a crisis | Eye on Fraud, Feb 2019

Available on AICPA-CIMA.com

• Cybersecurity Resources for Organizations and CPA Firms
• Safeguarding against ransomware risk
• 3 ways to defeat ransomware: Plan, prevent, not pay
• The crucial role of cybersecurity for accounting firms

U.S. Securities and Exchange Commission - Cybersecurity

Discount for AICPA members - Impact of everyday cyber intrusions - claims and coverages

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

This is not the GAGAS you learned in college!  Today Elizabeth is joined by veteran investigators and close colleagues, Amy, and David, who share their first-hand experiences assisting with government agency investigations.  You will not be reminded what GAGAS stands for but will get practical insights concerning hiring and firing including current trends in enforcement actions.  

Host: Elizabeth Zachem Woodward, CPA/CFF, CFE, Dean Dorton
Guests:
Amy Yurish, CPA/CFF, CFE, Managing Director, J.S. Held 
David Zweighaft, CPA/CFF, CFE, Partner, RSZ Forensic Associates

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members

•  Money Laundering and Fraud in the World of Cryptocurrencies | FVS webcast archive
•  The Role of Forensic Accountants in Government Investigations | FVS Eye on Fraud
• White Collar Crime Update

Available on AICPA-CIMA.com - White Collar Crime - The DOJ's Perspective on Enforcement

Discount for AICPA members - Real Frauds Found in Governments

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

LEARN MORE ABOUT 
Accredited in Business Valuation (ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com

Financial experts provide opinions on whether a business has suffered loss of profits (temporary damage) or loss of value (permanent harm) from an alleged action.

• What steps can financial experts take to assist counsel and their client
• What standards should professionals follow

Our guest shares with Josh how the process of understanding the initial allegations or claims has helped him in a variety of forensic and valuation engagements. 
 
Host: Josh Shilts, CPA/ABV/CFF/CGMA, ASA, CFE. Shilts CPA, PLLC
Guest: Joseph L. Leauanae, CPA/ABV/CFF/CITP, CFE, ASA, Partner, Anthem Forensics LLC

Please share your thoughts about the episode - click here to leave us a review  

Want to get involved with future FVS conferences, committees, task forces, or the standing ovation program? Send a message to infoFVS@aicpa-cima.com

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services.  Visit us online, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

RESOURCES FOR FURTHER EXPLORATION
If you’re using a podcast app that does not hyperlink to the resources, please visit 
https://fvssection.libsyn.com/fvs to access the show notes with direct links. 

Exclusive content – Free for FVS Section members

• Calculating Lost Profits | FVS Practice Aid
• Communications in Litigation and Dispute Services | FVS Practice Aid  
• Serving as an Expert Witness or Consultant | FVS Practice Aid

Discount for AICPA members

CPE self-study:  Lost Profit Engagements for Forensic Accounting and Valuation Practitioners

Forensic and Valuation Practitioners, join us in Las Vegas November 6-8 for two amazing trainings.  Click here to register for the FVS conference or Click here to register for the Expert Witness workshop.  FVS Section members save $500. Credential holders save even more! To find out how to join the FVS Section  please visit the website

LEARN MORE ABOUT 
Accredited in Business Valuation(ABV) – Visit the home page and/or check out the ABV Infographic

Certified in Fraud and Forensics (CFF) - Visit the home page and/or check out the CFF Infographic

This is a podcast from AICPA & CIMA, together as the Association of International Certified Professional Accountants. To enjoy more conversations from our global community of accounting and finance professionals, explore our network of free shows here. Your feedback and comments are welcomed at podcast@aicpa-cima.com