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Red Flags in a Small Business Valuation

  • Accountant
  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • ChFC
  • FSCP
  • MAFF
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS

Published: April, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Valuation engagements
    5 mins
  • Basic analysis of a business valuation
    13 mins
  • Common valuation errors
    23 mins
  • 2020 Top valuation & Damages cases
    46 mins
  • Ownership red flags
    69 mins

Course Description

The Business Valuation section presents guidance on performing valuations of closely-held businesses and intangible assets, including an overview of the valuation process, the factors to consider before accepting the valuation engagement, and the various methods of valuation. Valuation reports are often voluminous and highly complex. The task of reviewing a valuation report can be a daunting one, especially for someone without valuation training. Errors made in business valuation appraisals may result in a material misstatement of a company’s value.

When conducting a valuation of a small business it is always possible the owner or owner’s representatives might provide false information, either intentionally or unintentionally, in an attempt to influence the final valuation number.

What are some of the red flags that evaluators should be alert to?

Not every valuation professional can be a fraud expert but it is still necessary to be alert to the red flags that a small business owner might be providing false or misleading information to influence a valuator’s opinion. This online CPE webinar will review the standards for properly preparing a small business valuation report. The CPE course will cover the basic items a valuator should be aware of to ensure an inaccurate valuation opinion is not released.

This online CPE Finance webinar covers the following Key Topics: 

  • Valuation Engagements
  • Elements of a Business Valuation
  • Basic Analysis of a Business Valuation
  • Valuation Risk and Common Valuation Errors
  • Business Sales vs Asset Sales
  • Error vs. Fraud
  • Ownership, Vendor, Customer Red Flags
  • Small Business Financials
  • Inventory Valuation Methods
  • Inventory Tracking Methods
  • Audit Trail
  • Owner Skimming
  • Refund Frauds
  • Employee Refunding
  • Falsification of Owner Hours Worked
  • Unrealistic Estimates and related Cybersecurity Issues

Learning Objectives

  • To identify red flags in a small business valuation
  • To recognize standards for preparing a small business valuation
  • To describe how a basic analysis performed for a small business valuation
  • To recognize common errors in a business valuation
  • To identify risks a valuator should consider
  • To differentiate types of fraud and describe a conclusion of value
  • To identify true statements regarding an asset sale
  • To recognize the number one data break which targets a small business
  • To describe what can be presented in a court of law and used in litigation cases
  • To identify which type of transaction is difficult to do with skimming
  • To recognize common errors small businesses, make concerning depreciation
  • To differentiate correct statements about cybersecurity

Recommended For

  • This Online CE/CPE Webinar is recommended for CPAs, CMAs, CIAs, CVAs, ABVs Valuation Analysts, CFOs, and other professionals interested in enhancing their knowledge regarding Red Flags in a Small Business Valuation.

Who Should Attend?

  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Pros
  • Finanical Analyst
  • Fraud Analyst
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Valuation approaches - Income Approach for Accredited in Business Valuation (ABV)
  • 2 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of System controls and security measures for Certified Management Accountants (CMA)
  • 2 CPE Credit of Valuation approaches - Income Approach for Certified Valuation Analyst (CVA)
  • 2 PL Credit for Chartered Financial Analyst (CFA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 CPE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
  • 2 CPE Credit for Financial Services Certified Professional (FSCP)
  • 2 CPE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
  • 2 CPE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
  • 2 CPE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
  • 2 CPE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
  • 2 PL Credit for Certificate In Investment Performance Measurement (CIPM)
  • 2 CPD Credit of Asset valuation for Certified Financial Forensics (CFF)
  • 2 CPE Credit of Finance for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Valuation approaches - Income Approach for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CRE Credit of General finance principles and financial concepts for Certified Corporate FP&A Professional (FPAC)
  • 2 CPE Credit for Master Analyst In Financial Forensics (MAFF)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Dr. Robert Minniti

President, Minniti CPA LLC

Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.

He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.

About Company

Minniti CPA LLC

www.minniticpallc.com

MINNITI CPA LLC is seeking professional, hard-working, licensed CPAs with at least four years of experience.

The Firm demands independence, integrity, objectivity, competence and due care from all of its personnel in the conduct of its engagements. Our Firm is structured to provide leadership in achieving high quality professional performance while maintaining the concept of individual responsibility. Policies and procedures have been established providing assurance that professional engagements are properly planned and executed. Decisions are based on the substance of issues, not on form.

Our policies and procedures designate Partners of the Firm for consultation on significant ethical, technical and industry questions. The policies and procedures are designed to assure that clients receive the best professional services we can provide. We continually keep in mind the public interest. We expect our Partners and Associates to identify and resolve all important engagement issues.

The job requires high level tax preparation skills, superior tax research and problem solving abilities, broad software knowledge, and excellent written and oral communication skills. We have a team approach to provide high quality client service for tax compliance, planning, financial statements, and general business consulting.

Faq

FAQs content

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Ratings and Review

4.5

31 Ratings

Excellent

18

Very Good

12

Average

1

Poor

0

Terrible

0

MK

Mohamed Kermali, CPA (US)

May 11th, 2022

The instructor made the content relevant to me by sharing stories, examples, personal experiences, etc.

KL

Kenneth Lenz, CPA (US)

Mar 3rd, 2022

Dr. Minniti did a great job of covering the potential problem areas.

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