Category: Uncategorized

Uncategorized

Tracing Commingled Funds by Joel Glick, CPA/CFF, CFE, CGMA


Posted on November 10, 2023 by Joel Glick

Tracing is a forensic accounting technique that can be used to determine 1) the identity of the owner(s) of funds held in a specific financial account at a specific point in time and 2) the disposition of specific funds deposited into a financial account (i.e., were the monies spent and, if so, on what; was […]

Understanding Florida’s Uniform Commercial Real Estate Receivership Act by Daniel S. Hughes, CPA/CFF/CGMA, CVA, and Roberta Bazotti, CPA, CFE


Posted on October 11, 2023 by Daniel Hughes

On July 1, 2020, Florida adopted the Uniform Commercial Real Estate Receivership Act (UCRERA), establishing comprehensive rules, standards and legal processes for the entire receivership process, from commencement to termination. Generally, the law enhances the court’s authority to appoint receivers to take control, custody and management of property involved in litigation while also expanding receivers’ […]

A Deeper Dive into the Anti-Money Laundering Act of 2020 By Richard S. Fechter, CFE, JD, CAMS; and Jorge Guerrero, CPA, CFE


Posted on October 11, 2023 by Richard Fechter

What comes to mind when you think of money laundering? Perhaps it’s the classic cliché of funneling suitcases of money from illicit activities into legitimate businesses that transact heavily in cash, such as car washes, bars and restaurants, casinos and laundromats? While some instances of money laundering take this form, they often take on more […]

Litigation Support: The Value of Forensic Accountants by Joel Glick, CPA/CFF, CFE, CGMA, and Fernando R. Diaz, MBA


Posted on October 05, 2023 by Joel Glick

Forensic accountants can be significant assets to attorneys working on various litigation engagements that require specific knowledge of financial reporting, asset valuations and fraud investigations. Following are some examples. Litigation Consulting A forensic accountant can provide counsel in the preliminary stages of litigation with a comprehensive perspective and in-depth overview of estimated damages. This type […]

Trusts: Treatment and Use during Marital Dissolutions in Florida by Dylan Stone, CPA, CVA


Posted on September 18, 2023 by Dylan Stone

Individuals and couples often establish trusts as a component of greater estate planning strategies to shield assets from creditors. However, if a couple decides to divorce, many questions can arise over whether the trusts also shield one party from support obligations and whether the trust assets are subject to equitable distribution. While these questions are […]

Comparing Business Valuations to NFL Franchises by Vital Miranda, CVA, ABV


Posted on September 18, 2023 by Vital Miranda

With football season underway, the NFL and its franchises are gearing up for another display of skill and competition. However, beyond the game itself, the financial landscape surrounding the NFL continues to evolve. With each passing season, NFL teams have seen their values increase to unprecedented levels. For instance, in July 2023, NFL owners unanimously […]

Significant Findings and Considerations from the ACFE 2023 Benchmark Report on Combatting Business-to-Business Fraud by Richard S. Fechter, JD, CFE, CAMS


Posted on August 16, 2023 by Richard Fechter

The Association of Certified Fraud Examiners (ACFE) and Thomson Reuters partnered to explore the risks and controls related to business-to-business transactions and relationships. Specifically, the 2023 “Combatting Business-to-Business Fraud: Benchmarking Report” focuses on the risks associated with doing business with new vendors and the use of “know-your-vendor” (KYV) and “know-your-business” (KYB) processes to minimize those […]