FSS Forensic Services Section Joint Sections Meeting | SFS64618

Date :
October 25, 2018 8:30 AM - 4:30 PM
Location :
San Francisco Airport
Facility :
Doubletree Hotel SFO
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Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 1.50, CPE 1.00, CPE 1.00, CPE 1.50, CPE 1.00, CPE 1.00, AA 1.00, FR 1.00, CPE 1.00, CPE 1.50, FR 1.50, AA 1.50, CPE 1.50, MCLE 1.00, MCLE 1.50, MCLE 1.00, MCLE 1.50, MCLE 1.00, MCLE 1.00, MCLE 1.00, MCLE 1.50, MCLE LS-FL 1.00, MCLE LS-FL 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 and MCLE: 1.0 (select one of two options) 

"Appraisal Review: What It Is, What It's Not, and Why It Matters" (Business Valuation/Family Law) MCLE LS-FL
Jack Young, ASA, CPA, with NorCal Valuation, Inc., will discuss how to properly review another appraiser's work using examples and best practices.

"Hands on Data Analytics and Visualizations" (Economic Damages/Fraud and Financial Investigations)
Aditya Yerramilli, Forensics Program Manager with Google, and Travis Armstrong, with Hemming Morse will focus on Excel-based data analytics and visualizations.  Participants will learn and utilize Excel features and formulas commonly used by forensic accountants to collect, standardize/clean, analyze, and effectively present data.  Additionally, the session will highlight other programs for data analysis and visualization.  Participants with laptops can work through multiple real-world FVS case scenarios using financial and non-financial data during the session.

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

"Using Duff & Phelps' Cost of Capital Information to Properly Value Companies" (Business Valuation/Family Law) MCLE LS-FL
James Harrington, with Duff & Phelps, will share how you can choose the best Duff & Phelps cost of capital data to value your subject company and tweak your cost of capital calculation.

"How To Work in a Distracted World – The Neuroscience of Focus and Habit" (Economic Damages/Fraud and Financial Investigations) non-technical
Michelle Galloway, Esq., with Cooley LLP, will teach you how to create habits to maintain and sustain focus in a technological world of instant communication and constant stimuli.

12-1 PM - Lunch and Keynote Speakers, CPE: 1.0
"Knock (It) Off!: Protecting Brands in Online Markets" MCLE
Counterfeiters have been profiting off of copy-cat goods for centuries. Even with the development of advanced enforcement technologies, businesses and consumers continue to be plagued by counterfeit goods. Today, many counterfeit goods are sold through online marketplaces, often without the knowledge of either the online marketplace or the consumer purchasing the goods. Peter Colosi and Michael Hewitt with Sideman Bancroft LLP will discuss challenges of policing sales of counterfeit goods in major online retail marketplaces and effective strategies for brand and consumer protection, including the use of litigation to respond to trademark infringement and counterfeit issues. The speakers will discuss typical approaches used by, and expectations for, damages experts in these types of matters.
1:15 - 2:15 PM - Afternoon Breakout Sessions, CPE and MCLE: 1.0 (select one of two options)
"Professional Liability Exposures and How to Best Protect Your Firm From Them" (Business Valuation/Family Law) 
Paul Morris, RPLU, CLU, program manager with Mitchell & Mitchell Insurance Agency, will discuss engagement letter usage, in addition to other arsenals that can be deployed into protecting a firm.  Participants are encouraged to bring their questions to the session! 
"Anti-Money Laundering: What It Is and What It Means in Today's Environment (Part One)" (Economic Damages/Fraud and Financial Investigations) FR and A&A
Money laundering has been prominent in the press recently - from financial institutions to politicians getting into trouble.  Jaco Sadie, Senior Managing Director with FTI Consulting and Dolores Gavcus, Senior Financial Institution Examiner with the California Department of Business Oversight, will cover what it is, who is responsible to identify it, who enforces it, share case studies, and explain what's happening in the current market environment.

2:20 - 3:50 PM - Afternoon Breakout Sessions, CPE: 1.5
(select one of two options)
 "Changes in the Cyber Risk Universe" (Business Valuation/Family Law)
Technology is constantly changing and as it changes the risk universe in our personal and professional lives also changes.  Vasu Kohli, Senior Director and GRC Leader of Information Security at Palo Alto Networks, will update us on the latest technology, risk management and security best practices for both our personal and professional lives.

"Anti-Money Laundering: What It Is and What It Means in Today's Environment (Part Two)" (Economic Damages/Fraud and Financial Investigations) FR and A&A



  • Walk through how to properly review another appraiser's work using available standards.
  • Learn to create index of folders and files using Excel's Get & Transform Tool.
  • Review formulas and tools to standardize and analyze structured and unstructured data.
  • View other applications for visualizing and presenting data beyond Excel.
  • Understand how to better use the Duff & Phelps' cost of capital information and web based calculator to properly determine a subject company's cost of capital.
  • Advance your knowledge of how to create habits to maintain and sustain focus in a technological world of instant communication and constant stimuli.
  • Develop your understanding of the framework for pursuing counterfeit sellers.
  • Gain knowledge of available damages measures.
  • Understand pitfalls of damage calculations in such matters.
  • Walk through the latest technology, risk management and security best practices that you need for your personal and professional lives.
  • Hear who's subject to BSA/AML Regulations.
  • Learn about various AML red flags.
  • Understand how a typical compliance program looks like.

Major Subjects:

  • How to properly review another appraiser work, including examples and best practices.
  • Excel-based data analytics and visualizations
  • Excel features and formulas commonly used to collect, standardize/clean, analyze, and effectively present data.
  • What cost of capital data is currently available and how do you apply it to properly value a company. 
  • Current neuroscience research about how brains respond to near-constant stimuli
  • Why time management does not work and the importance of managing attention
  • Strategies to give productive attention and focus to critical cognitive tasks
  • Challenges of policing sales of counterfeit goods in major online retail marketplaces
  • Effective strategies for brand and consumer protection
  • The use of litigation to respond to trademark infringement and counterfeit issues
  • Typical approaches used by, and expectations for, damages experts
  • Latest technology, risk management and security best practices
  • What money laundering is
  • What are the rules and regulations
  • Who's subject to BSA/AML regulations
  • Who's gotten in trouble in the past
  • What a typical compliance program looks like
  • Various AML red flags
  • Money laundering case examples
  • Current money laundering developments
  • Sanctions/OFAC

Advanced Prep:

Download meeting packet online four business days prior to event on CalCPA website.

Misc. Information:

  • If you have dietary restrictions, email Emily Ku (emily.ku@calcpa.org) no later than four business days prior to event to guarantee a special meal.
Level of Difficulty:
Field of Interest:
Specialized Knowledge
Some knowledge of forensic accounting is preferred.
Designed For:
CPAs, attorneys and other forensic accounting professionals.


Travis Paul Armstrong, CPA
Travis P. Armstrong is a Manager in the Litigation and Forensic Consulting Services Group in the San Francisco office of Hemming Morse, LLP. As a Certified Public Accountant, he has worked on numerous high profile cases in the areas of securities litigation, accountants’ professional liability and economic damages involving a wide range of industries. Travis’ experience includes financial analysis associated with the restatement of quarterly and annual reports, industry specific peer analysis based upon key financial statistics and macro economic conditions, and the assessment of relative GAAP standards and pronouncements. He has examined internal control processes and documentation in the mortgage and financial services industries and managed complex damage models with multiple drivers and interest calculations associated with breach of contract litigation and royalty payments. Travis is also a Certified Fraud Examiner and has experience in performing forensic accounting and fraud investigations for businesses ranging from non-profit charities to casinos. Among other matters, he is currently assisting the appointed independent monitor in an evaluation of the compliance of a medical device company with the terms of its settlement arrangements with the U.S. Department of Justice and the SEC. Prior to joining Hemming Morse in 2008, Travis was a Senior Analyst at a forensic accounting and litigation consulting firm in Los Angeles. He is a member of the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants and the Association of Certified Fraud Examiners. He received his B.A. degree in Business Economics with an emphasis in Accounting from University of California, Santa Barbara.
Peter M Colosi
Peter Colosi specializes in business crimes defense and representing corporate victims of fraud and intellectual property theft. Mr. Colosi aids in the investigation of such crimes by working with internal corporate investigative units and referring matters to federal, state and local law enforcement agencies for criminal prosecution. Mr. Colosi also represents clients by seeking civil resolutions to intellectual property theft and corporate fraud. Prior to joining Sideman & Bancroft LLP, Mr. Colosi was a litigation associate in the San Francisco office of Cooley LLP, where he focused on complex commercial litigation with an emphasis on class action defense and bankruptcy adversary proceedings. Mr. Colosi received his J.D. from the University of California, Berkeley School of Law (Boalt Hall). Prior to attending law school, he worked as a federal government intelligence community consultant for Booz Allen Hamilton in McLean, Virginia. He graduated with a B.S. in physics from James Madison University.
Michelle Galloway
Michelle Greer Galloway is of counsel to Cooley's litigation department. Michelle is resident in the Palo Alto office and joined Cooley in August 1993. Michelle was a partner of the firm from January 1997 through April 2000. She now serves as of counsel at Cooley while also teaching at Stanford and Santa Clara law schools.
Dolores Gavcus
James P Harrington, MBA
James Harrington is an accomplished financial writer and analyst and is a Director at Duff & Phelps, where he serves as a champion for execution of creative ideas for thought leadership content, provides technical support on client engagements involving cost of capital and business valuation matters and leads efforts for development of Duff & Phelps studies, surveys and online content and tools. Prior to joining Duff & Phelps in 2010, Mr. Harrington was the Director of Valuation Research in Morningstar's Financial Communications Business, leading the group that produces the widely used and cited Ibbotson SBBI Valuation Yearbook and Ibbotson SBBI Classic Yearbook, the Ibbotson Cost of Capital Yearbook, the Ibbotson Beta Book and various international and domestic reports. During his tenure at Morningstar, Mr. Harrington expanded and refined the suite of Ibbotson valuation and cost of capital product offerings and he spearheaded the effort to expand Morningstar's investment in valuation research and online tools and applications. Prior to that, Mr. Harrington was a product manager in the financial communications group at Ibbotson Associates. Before that, he was a bond and bond portfolio analyst, worked at the Chicago Board of Trade in the bond options pit in a filling group, managed inbound and outbound dockworkers at a large trucking firm and was even a Teamster for a year. Mr. Harrington holds a BS in marketing from Ohio State University and an MBA in finance and economics from the University of Illinois at Chicago, where he graduated at the top in his class. Mr. Harrington co-authored Chapter 20 of Cost of Capital: Applications and Examples, 4th ed.
Michael H Hewitt
Michael Hewitt is an associate in the Brand Integrity and Innovation Group, and the Litigation and Appeals, and Intellectual Property groups. Mr. Hewitt works with clients to protect their brand portfolio through unique and effective enforcement mechanisms. Mr. Hewitt is actively involved in the intellectual property community, and currently serves as a member of the Executive Committee for the Barristers Club, Intellectual Property and Internet Law Section, of the Bar Association of San Francisco. Prior to joining Sideman & Bancroft, Mr. Hewitt was an associate with the law firm of Dillingham & Murphy, LLP focusing on intellectual property and employment matters, as well as general litigation. Mr. Hewitt has also served as a law clerk for the Presiding Judge’s Department at the San Francisco Superior Court, where he assisted with trials, motion practice, ex parte hearings, and appellate matters. Mr. Hewitt graduated from the University of California, Santa Barbara, and earned his law degree from the University of San Francisco School of Law, where he received a certificate in Intellectual Property and Internet Law. While in law school, Mr. Hewitt served as the Student Bar Association president, and founded the Environmental Law Student and Alumni Society. Mr. Hewitt was also a participant in the Giles Rich Moot Court Competition, a senior editor on USF Law’s IP Bulletin, and received CALI awards in Patent Law and in Patent Prosecution. Mr. Hewitt’s passion for intellectual property law, and for trademark and copyright law in particular, developed during an externship with the Global Trademark department at Salesforce during his first year of law school. It was further developed through assisting pro bono start-up and individual clients at the Entrepreneurial Ventures Legal Services Project at USF. That passion continues in his practice at Sideman & Bancroft.
Vasu Kohli
Paul Morris
Mitchell & Mitchell Insurance Agency, Inc. specializes in providing insurance to professionals such as Accounting Firms, Law Firms, Dentists and Physicians in the California and West Coast marketplace. The Agency practices as the California & West Coast Representatives of the AICPA's Professional Liability & Employment Practices Liability Programs. Mitchell & Mitchell primarily provides Professional Liability coverage as well as all other coverages our specific clientele may need.

Paul W. Morris, Mr. Morris obtained his degree from the University of California, Berkeley in 1986. He has been a principle with Mitchell & Mitchell for 15 years. His primary responsibility is servicing the Accounting Firm segment with regards to Professional and Employment Practices Liability coverage. Mr. Morris has lectured on accounting malpractice risk management for a number of accounting societies, as well as individual firms. His input has been incorporated into the coverage options offered by CNA, the AICPA endorsed insurer. Mr. Morris received his Registered Professional Liability Underwriter designation in November of 2002, and his CLU designation in February 2000.

Jaco Sadie
Aditya Yerramilli
Jack Young, ASA, CPA
Jack Young is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers with a focus in Machinery and Equipment, a Certified Public Accountant (CPA) and was awarded Master Personal Property Appraiser (MPPA) designation from the National Auctioneers Association Education Institute. Jack worked for many years as an auctioneer and auction manager of business assets, machinery and equipment. His experience in auditing, accounting, financial analysis and auctioneering provides a strong base for the asset valuation concepts embraced by the Uniform Standards of Professional Appraisal Practice (USPAP) and the appraisal industry today. Jack serves as Chapter Vice President of the Northern California Chapter of the American Society of Appraisers. He received his B.S. Accountancy, Arizona State University, in 1988. While in college, he worked at the local mid-sized regional CPA firm Price, Kong & Company preparing monthly financial statements and performing tax work. Upon graduation he went on to work in the audit department of international CPA firm KPMG in their Sacramento, California office. While at KPMG, Jack worked primarily in the industries of banking, insurance, manufacturing, agriculture and distribution. Subsequent to KPMG, Jack was a financial analyst in the insurance and micro-finance industries. PUBLISHED WORKS Using the Cost Approach for Equipment Appraisals, Auctioneer: The Official Publication of the National Auctioneers Association, May 2011 Cover Story Machinery and Equipment Appraisals: They're all about Levels of Trade, Auctioneer: The Official Publication of the National Auctioneers Association, January 2011 An Overview of the California Air Resources Board Diesel Regulations, Journal of the International Machinery & Technical Specialties of the American Society of Appraisers, Volume 26 Issue 2: 2010 SEMINARS PRESENTED Machinery and Equipment Appraisals and the Auction Process in the Context of a Liquidation Valuation, Litigation Committee, CalCPA Education Foundation CREDENTIALS American Society of Appraisers Accredited Senior Appraiser #78368 California Board of Accountancy Certified Public Accountant #81035 EDUCATION 2011 ME207: Advanced Cost Approach, San Francisco, ASA 2011 USPAP: 15 hour class, San Francisco, ASA 2010 Machine Life Cycle Costing, ASA 2010 The Look-Back Study: A retrospective application for cost segregation, Bedford Cost Segregation 2010 Overview of Cost Segregation Studies, KBKG, Inc. 2010 IRS Valuation Summit, Sacramento, CA 2010 ME215: Performing Machinery and Equipment Valuations for Financial Reporting Purposes 2010 Master Personal Property Appraiser (MPPA), awarded by National Auctioneers Association 2009 Int'l Conference on the Valuation of Plant and Machinery Equipment, San Francisco, CA 2009 Valuation of Easements and other Partial Interests, IRWA, AI 2009 ME204: Machinery and Equipment, Advanced Topics and Case Studies, ASA 2009 ME203: Machinery and Equipment, Advanced Topics and Case Studies, ASA 2009 Appraisal Report Writing, ASA 2008 ME202: Machinery and Equipment Valuation Methodology, ASA 2008 ME201: Introduction to Machinery and Equipment Valuation, ASA 2008 USPAP update 7 hour course American Society of Appraisers 2007 Appraiser as Expert Witness, National Auctioneers Association Education Institute 2007 Graduate Personal Property Appraiser (GPPA), awarded by National Auctioneers Association 2006 USPAP: 15 hour course, National Auctioneers Association Education Institute 2002 Reppert School of Auctioneering, Auburn, IN 1988 BS, Accounting, Arizona State University, W.P. Carey School of Business SUMMARY OF EXPERIENCE Construction, Trucking and Transportation Equipment Agricultural Production and Food Processing Equipment Manufacturing, Woodworking, Optical & Metalworking Equipment, Tools & Shop Equipment Commercial Printing, Office Furnishings, Computer Equipment Restaurant Equipment, Retail Equipment, Golf Course, Landscape & Fitness Equipment Cost Segregation Studies of Real Estate Income Producing Properties: Retail, Ag, Residential Rentals, Office Buildings RELEVANT JOB EXPERIENCE Owner, NorCal Valuation, Winters, CA 2008-Current Sales Representative, Bar None Auctions, Sacramento, CA 2006-2008 Appraise machinery and equipment for the appropriate liquidation value. Primarily work with construction firms, fleet owners, municipalities and machinery dealers. Develop protocol for live and online auction services, acquired software and integrate online auctions into existing live auction format. Auction Manager, West Auctions, Woodland, CA 2003-2006 Appraise business assets, commercial trucking, agriculture, and manufacturing equipment for appropriate liquidation value. Prepare items for auction and develop auction budgets. Market auctions locally, nationally and internationally using a wide range of media. Expand online auction functionality to accommodate multiple lot / multi-location auctions. Work with financial intuitions, Bankruptcy Court Appointed Trustees and Receivers, and private parties to develop successful auction strategies primarily for online auctions. Senior Auditor, KPMG CPAs, Sacramento, CA 1988-1991 Manage planning and execution of audit engagements primarily in the industries of banking, insurance, manufacturing, agriculture and distribution. Staff Accountant, Price Kong & Company, Phoenix, AZ 1986-1988 Act as principal contact with clients preparing monthly financial statements, and all related tax returns, primarily in the industries of food service, hospitality and manufacturing.
No Agenda or Materials posted.