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Business valuation, litigation support, and forensic accounting have all seen massive changes in the last few years thanks to new regulations, legislation, and technological developments. MACPA has designed the Forensic Valuation Conference specifically to serve the critical niche of CPAs involved or interested in these sectors.


Maryland Association of CPAs
Course Level
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Specialized Knowledge
Event Information
May 13, 2022
8:15 am - 4:45 pm EDT
Total CPE Credits
Live Webcast


DAY 1 of 1 May 13, 2022
8:15 am - 10:00 am
Welcome, Morning Announcements and Keynote Address

Speaker – James Hitchner, CPA, ABV, CFF, ASA, Managing Director, Financial Valuation Advisors


The participant will learn about:

  • The key issues and solutions in valuing, buying, and selling small businesses (less than $2 million in value, $2 million to $5 million in value, and $5 million to $10 million in value)
  • The differences between value, price, and proceeds
  • How business brokers may differ from business appraisers in their application of valuation methods
  • Why the income approach can be a secondary method in deals
  • Options when information is unavailable or withheld
  • How to deal with normalization adjustments in the P&L and the balance sheet
  • Whether there really is a buy-a-job value
10:00 am - 10:10 am
10:10 am - 11:10 am
2. Construction Claims: Damages Calculations and Analysis

Speakers – David Duffus, MBA, CPA, ABV, CFF, CFE, Partner, HKA Global, Inc.

Alex Smith, CPA, CFF, CFE, MAFF, Senior Manager, Dixon Hughes Goodman, LLP

Construction projects are complex, as are the claims and damage calculations that result when a project isn’t executed as expected. This session will examine typical claims that arise on construction projects and the role of the forensic accountant in quantifying damages. We will also explore other related areas the forensic accountant is able to assist, such as construction defect litigation and construction cost analysis on behalf of the owner.

11:10 am - 12:10 pm
3a. Three Magic Things: Digital Forensics and Incident Response (Advanced Track)

Speaker – Brian Dykstra, Director of Forensics, Surefire Cyber, Inc


3b. Valuation Introduction (Intro Track)

Speakers – Harry Sturgis, CPA, ASA, ABV, Manager, Vallit Advisors, LLC 

Andrew Schmidt, Senior Analyst, Vallit Advisors, LLC

This is an introduction to business valuation.  Approaches, methods, and things to consider when valuing businesses.

12:10 pm - 1:00 pm
1:00 pm - 2:15 pm
4. Crypto Currency and Forensics

Speakers – Nidhi Rao, CPA, CFE, CFF, Managing Director, BDO USA LLP

Mansi Mehta, Director, BDO USA LLP

The year 2021 was marked by a phenomenal growth and tremendous interest in the crypto industry. The largest cryptocurrency (Bitcoin) eventually hit a new all-time high around $69,000. There were new crypto applications like non-fungible tokens (NFTs) with sales of these digital assets setting new records at major auction houses. In addition, Bitcoin made strides towards mainstream acceptance with major websites like Expedia and Microsoft accepting the coin as a means of exchange. Crypto regulation was the talk of the Financial Action Task Force (FATF), OFAC and regulators across the globe. We saw law enforcement agencies trace and track ransom crypto payments in order to recover funds.

With this uptick of activity, what’s ahead in 2022 for cryptocurrencies? As the popularity and focus on the crypto space will continue in 2022, financial crimes will also accelerate in direct proportion to the use of cryptocurrency. Crypto regulations and compliance programs are on the horizon and catching this new breed of crypto-criminals and stopping illicit fund transfers will be a key priority. This will lead to a deeper integration between the crypto and forensics world.

2:15 pm - 2:25 pm
2:25 pm - 3:40 pm
5a. - Standard of Value (Advanced Track)

Alan Zipp, CPA, ABV, CVA, CBA, CFE, Attorney at Law

This session explains the requirement to identify the standard of value in every appraisal and to clearly define the standard of value being used.  Several standards of value are discussed and defined, including fair market value, fair value, intrinsic value, and divorce value.  Discussion regarding real world applications in relation to technical definitions is provided together with case law illustrations.  Fair value in shareholder litigation is compared and contrasted to fair market value appraisals.

5b. Panel Discussion - Intro to Career Advice (Intro Track)

Speakers – Samantha Fisher, CPA, CVA, Manager, BDO USA LLP

Dina Broydo, CPA, Manager, BDO USA LLP

Rebekah Brown, CPA, Director of Development, MACPA

Andrew Roper, CPA, CFE, Supervisor, Vallit Advisors

Jack Tangeman, Senior Business Valuation & Litigation Associate, Gross Mendelsohn


This session will be a panel discussion to discuss various matters of career management within Forensic and Valuation Services. This session will discuss topics such as certifications, networking, time management, project management, and other matters relating to career advancement.

3:40 pm - 3:45 pm
3:45 pm - 4:45 pm
6. Panel Discussion Q&A from Committee Members

Speakers –

Robert Carter, MS, CPA/CFF, CVA, CFE, CEPA, Partner, BDO

Ronald Pachino CPA, ABV, CFF, CGMA, MBA, Partner, PBMares

Chris Rosenthal, CPA, ABV, CFF, ASA, AEP, Managing Member, Vallit Advisors, LLC


This session will go over lessons learned from over 30 years as an expert witness in over 100 matters. You will learn how to be an advocate for your opinion – not an advocate for your client and how to effectively leverage litigation services



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