Litigation Speaks is designed to assist attorneys in identifying when the expert's work product is not based on reliable principles and methods. We can provide you with information that will allow you to make better informed settlement offers and/or trial strategies. Every month we will make available to you real world examples of the misapplication of principles and methods of business valuations, economic damages and or forensic accounting.
Why do Lawyers Need Forensic Accountants in Court?
Explore 'The Legal Ledger' podcast, where we unravel the role of forensic accountants in legal dramas. Discover how they turn the tide in court cases, from fraud detection to dispute resolution. Quick, engaging talks for attorneys and finance buffs. Tune in for insights on making every number count in the courtroom!
Unveiling The Shadows of Hidden Assets in Forensic Engagements
Why are forensic accountants so expensive?
Let me explain...
Imagine you're trying to complete a massive, intricate jigsaw puzzle.
This puzzle is made up of tiny pieces
Each represents a financial transaction or activity.
A forensic accountant is like a puzzle master
Who meticulously examines, analyzes, and fits these pieces together
And creates a clear picture of a person’s or company’s financial situation.
How a Site Visit Can Enhance Business Valuation Precision
The importance of site visits in business valuation is highlighted. Site visits provide a deeper understanding of a company's operational aspects, tangible assets, and overall environment, revealing insights that financial statements alone cannot capture. They verify data accuracy, offer operational insights, assess risks, verify tangible assets, and consider environmental and locational factors. Site visits are a crucial component in achieving more accurate and reliable business valuations.
Attorney Expectations vs. Reality
As a seasoned business valuation expert, I understand the intricate art and science of determining a company's worth. However, there are instances where aligning with a client's attorney's approach isn't straightforward. Let's delve into the reasons why I might be unable to meet a client's business valuation request in the precise way their attorney desires while keeping independence, business valuation approaches, Revenue Ruling 59-60, professional standards, and objectives in mind
Splitting the baby
Let's imagine you're selling your house
When someone wants to buy it from you, they have to pay you money.
sometimes there's a disagreement about how much money should be paid
we need to figure out the right amount in a fair way
There are two special tools that are used to figure out the fair amount of money
One is called the "cost of equity," and the other is the "safe rate."
Cost of equity: would be suitable if your house was part of a larger property or real estate market
considering factors like how much the property value changes over time and the extra profit people expect for taking on the risk of owning property
Why is a business valuation so expensive?
Why does a valuation cost so much???
A business valuation is figuring out how much a company is worth.
It's essential for many legal and financial situations.
Such as buying or selling a company.
Resolving disputes, or dealing with taxes.
How to know what you don’t know
It’s amazing how i didn’t know so much about simple stuff this was great!
Such a great listen!
This really helped me get a deeper understanding on business valuations