FSS Forensic Services Section Joint Sections Meeting | SFS61718

Date :
May 10, 2018 8:30 AM - 4:30 PM
Location :
Los Angeles Airport
Facility :
Marriott Los Angeles Airport
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Level of Difficulty :
Update
Member Price :
110.00
Nonmember Price :
130.00
CPE Credits :
CPE 1.50, CPE 1.00, CPE 1.50, CPE 1.50, FR 1.50, AA 1.50, CPE 1.00, FR 1.00, AA 1.00, CPE 1.00, CPE 1.00, CPE 1.00, CPE 1.50, MCLE 1.00, MCLE 1.50, MCLE 1.00, MCLE 1.00, MCLE 1.50, MCLE 1.00, MCLE 1.00, MCLE 1.50, MCLE 1.50
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Schedule of events
 
7:45 AM - Registration and networking breakfast
Come early, eat well, and meet new friends and professional contacts at a networking breakfast.

8:45 - 9 AM - Welcome and opening remarks

9:15 - 10:15 AM - Morning Breakout Sessions, CPE: 1.0 (select one of two options)

A Review of Competing Appraisals in a Shareholder Dispute (Business Valuation) MCLE: 1.0
John Misuraca will lead us through an examination of two real-life business valuation reports submitted in a shareholder dispute, discussing the strengths and weaknesses of each report.

How Much is Your Trade Secret Worth?: Analyzing Damages for Trade Secret Misappropriation in Waymo v. Uber (Economic Damages/Fraud and Financial Investigations) MCLE: 1.0
Mark Romeo, a partner with Crowell & Moring with over 20 years’ experience litigating trade secret cases, and Derek Hecht, an associate with Crowell & Moring, will analyze the available damages in a trade secret case.  Using the Waymo v. Uber litigation as an example, the presenters will assess the damages available under the Defend Trade Secrets Act and the California Uniform Trade Secrets Act, how to calculate such damages, how the damages expert in Waymo was challenged, and how to avoid such challenges to an expert’s damages opinion.  

10:20 - 11:50 AM - Morning Breakout Sessions, CPE: 1.5 (select one of two options)

A Review of Competing Appraisals in a Shareholder Dispute (Business Valuation) MCLE: 1.5

Navigating the Evolving California Legal Standard for Admissible Expert Reports (Economic Damages/Fraud and Financial Investigations) MCLE: 1.5
Belinda Vega, a Litigation Partner at Venable with almost 20 years’ experience specializing in business litigation, and Matthew Gurvitz, a Litigation Associate at Venable, will discuss general trends in California litigation relating to the standard of admissible expert testimony, with particular focus on economic damages. They will address a variety of recent cases molding the legal standards of admissible opinions and discuss four recent California cases they have worked on that involved an economic damages analysis.  They will address a variety of topics related to the new increased scrutiny under California state law for expert reports, examples of economic damages in various contexts (such as business profits valuations and class action damages to consumers), and tips on how to craft a successful and admissible damages report.

12-1 PM - Lunch and Keynote Speaker, CPE: 1.0

An Introduction to Cryptocurrency MCLE: 1.0
It seems like everywhere you turn, talk about cryptocurrency is all around.  Do you have questions about what it is and how it affects you, as a forensic accounting professional?  Jason Seibert, Esq. with Seibert Law is a cryptocurrency expert who will delve into this brave new world.  Jason leads a private practice focusing on securities law, cryptocurrency regulatory compliance, and various contractual disputes. He has handled qui tam issues, arbitrations, administrative law matters, state court and federal court issues, and acted as special master to judges regarding securities law and cryptocurrency matters. Jason was the first attorney in the United States to defend an action involving cryptocurrency brought by the Securities and Exchange Commission in US Federal Court.  Jason has worked exclusively on crypto-securities issues since 2014. He is the host of the "I'm Not Your Lawyer" podcast and has been featured on Coindesk and Vice Motherboard.

1:15 - 2:15 PM - Afternoon Breakout Sessions, CPE: 1.0 (select one of two options)

Section 2000: Corporate Breakups are Hard to Do (Business Valuation) MCLE: 1.0
Do you know shareholders who fight each other? Come hear Rick Barnes, CPE/ABV/CFF, with Barnes Consulting, discuss how companies breakup under California Corporate laws.  Rick has practical tips on how to guide clients through this daunting process.

SEC Update on Cyber Enforcement Activities (Economic Damages/Fraud and Financial Investigations) MCLE/A&A/Fraud: 1.0
Brent Wilner, SEC enforcement attorney and liaison to the newly formed SEC Cyber Unit, will discuss the SEC’s recent enforcement activities in the crypto currency space.  Topics to be discussed include Initial Coin Offerings (ICOs), the role of gatekeepers, and SEC enforcement priorities in 2018

2:20 - 3:50 PM - Afternoon Breakout Sessions, CPE: 1.5 (select one of two options)

Section 2000: Corporate Breakups are Hard to Do (Business Valuation) MCLE: 1.5
 
Investigations and Funds Tracing on the Blockchain (Economic Damages/Fraud and Financial Investigations) MCLE/A&A/Fraud: 1.5
Victor Vanacore, Special Agent with the IRS Criminal Investigation Division, will discuss how virtual currencies are used to facilitate fraud and money laundering.  He will also discuss how these crimes can be investigated on the blockchain.

Objectives:

  • Walk through evaluating valuation reports.
  • Understand how to strengthen your own valuation reports.
  • Learn about corporate breakups.
  • Gain an understanding of accounting services involved in the practice area.
  • Explore the differing views on trade secret valuation.
  • Learn the current trends in valuation of trade secrets.
  • Learn how to avoid common challenges to trade secret valuation
  • Hear about the new and developing standard for admissible expert reports and testimony in California state court, as compared with the Federal standard
  • Identify different economic damages models that are creative ways to evaluate damages in different litigation contexts
  • Identify the dos and don’ts of drafting and supporting economic damages reports.
  • Discuss how virtual currencies are used to facilitate fraud and money laundering.
  • Walk through bitcoin and cryptocurrency from a cryptosecurities expert
  • Understand the SEC's recent enforcement in the cryptocurrency space

Major Subjects:

  • Review of two real life valuation reports
  • Discussing the strengths and weaknesses of each report
  • Hear your fellow experts evaluate each report
  • Section 2000: California Laws, cases and practical application
  • The types of damages available in a trade secret case and how to challenge them
  • How to present an expert damages opinion that minimizes challenges to that opinion
  • How the Waymo v. Uber litigation highlights the challenges with valuing trade secrets
  • Discuss opinion and report development requirements for expert reports in California state court
  • Provide case study reports of economic damage analyses in different litigation contexts
  • Provide an overview of what a successful and admissible expert report looks like
  • How virtual currencies are used to facilitate fraud and money laundering
  • How these crimes can be investigated on the blockchain
  • Initial Coin Offerings (ICOs)
  • The role of gatekeepers
  • SEC enforcement priorities in 2018


Advanced Prep:

Download the meeting packet in advance - available under "my events" on the CalCPA website three days prior to the meeting.

Misc. Information:

CalCPA has a room block with the LAX Marriott at a rate of $144/night, plus taxes. Make your reservation here until May 1.  Please contact Emily Ku if you run into any issues with booking your room.
Level of Difficulty:
Update
Field of Interest:
Specialized Knowledge
Prerequisites:
Some knowledge of forensic accounting is preferred.
Designed For:
CPAs and other forensic accounting professionals

Instructors

Richard S Barnes, ABV, CFF, CGMA, CPA
Richard S. Barnes is a forensic CPA who provides litigation consulting and business valuation services. He is Accredited in Business Valuation (ABV), Certified in Financial Forensics (CFF), and a Chartered Global Management Accountant (CGMA) with more than 40 years of finance, management and accounting experience in a variety of industries – as an expert witness, a CFO in private industry, and a manager with Price Waterhouse.

Barnes has taught courses for The National Judicial College, AICPA, Price Waterhouse, Hastings College of Law, and the College of Advocacy. He has been a speaker at AICPA’s National Business Valuation Conferences and the CalCPA Education Foundation’s Advanced Business Litigation Institutes. Barnes has received awards from both AICPA and the Education Foundation for his work in business valuation education.

Matthew M Gurvitz
Derek Hecht
John Michael Misuraca, CPA
Mark Romeo
Jason Seibert
Victor Vanacore
Victor Vanacore is a special agent with the Internal Revenue Service Criminal Investigation Division located in Los Angeles, Calif.
Belinda Vega
Brent Wilner
Brent Wilner is a Senior Counsel in the Enforcement Division of the SEC’s Los Angeles Regional Office and also has served as Detail Counsel to the Director of Enforcement. Currently, he serves as LARO’s Cyber Unit Liaison. At the SEC, he has investigated matters involving cybersecurity, financial fraud, Ponzi schemes, insider trading, and retaliation. Before joining the SEC he worked on the California Attorney General’s Mortgage-Backed Securities Task Force and as a white collar associate at Sidley Austin LLP. He also clerked for Judge William Alsup in the Northern District of California.
No Agenda or Materials posted.