Forensics the ‘fastest growing’ area of accounting

BVWireIssue #61-1
October 3, 2007

In the current auditing and regulatory climate, it’s no wonder that forensic accounting is the “fastest growing area of accounting,” according to Aswath Damodaran (Stern School of Business, NYU), “because people don’t trust financial statements.”  Damodaran spoke at the 2007 BV Conference for the NY State Society of CPAs, adding that, ”bias in the process is the biggest enemy of valuation,” especially in the M & A context.  “We need to make sure our values are not only legally defensible but also fundamentally sound.”

As it happened, Darrell Dorrell, CPA/ABV, MBA, ASA, CVA, CMA, DABFA, spoke at the same conference—and tomorrow will be leading BVR’s teleconference on “Valuation & Forensics: Why and How™.”  Dorrell will discuss forensic accounting as a core capability, its tools and methods, examples of balance sheet and income statement analyses, and representative valuation cases.  For more information and to register, click here.

Please let us know if you have any comments about this article or enhancements you would like to see.