Possible Services in All Types of Engagements Assisting with case strategy, developing interrogatories, deposition questions, court examination and cross-examination inquires regarding financial matters, and preparing requests for the production of documents possessed by the opposing party. Providing expert witness testimony at depositions and trial in support of the work performed and the conclusions reached. Reviewing lists of assets, liabilities, income and expenses prepared by the opposing party and, if deemed necessary, subjecting the lists to certain investigative procedures to determine their completeness and accuracy. SERVICES TO A LOST PROFITS ENGAGEMENT INVOLVING A CLOSELY HELD BUSINESS Preparing an analysis of the possible loss of profit that the plaintiff may have suffered in connection with a breach of contract or other action allegedly committed by the opposing party. Preparing a critique analysis of the opposing party's expert and assisting the attorney in developing a case strategy. BUSINESS VALUATIONS ARE A NECESSARY OR DESIRABLE SERVICE IN MANY SITUATIONS AND INCLUDE THE FOLLOWING TYPE OF ENGAGEMENTS: LITIGATION, INCLUDING: Disruption of a Business Dissenting Shareholders Actions Divorce Economic Loss Analysis Partner Disputes Wrongful Death Puerto Rico 1995 Corporate Law, article 10.12 (e) authorizes a corporation or any stockholder with Appraisal Right, in a merge situation, to present in court an application for the determination of the stocks value. OTHER TYPE OF ENGAGEMENTS NEEDING BUSINESS VALUATIONS Charitable Contributions Buy and Sell Agreements Bankruptcy and Foreclosure Eminent Domain Financing Agreements Franchise Valuation or Evaluation Employee Stock Ownership Plans (ESOP) Liquidation and Reorganizations Mergers and Acquisitions Sale of a Business Succession Planning or Liquidation (Estate) Expert's Certification is strongly desirable for court qualifications. The Certified Valuation Analyst is an elite accreditation for CPA's who for many reasons, are uniquely qualified to provide Business Valuation Services. As a general rule, CPA's, through our extensive training combined with experience in auditing, tax, accounting and financial analysis, have the necessary background for dealing with the complexities involved in providing Business Valuations. The National Association of Certified Valuation Analysts (NACVA) offers many benefits to the members and the business community very important for us CPA's, such as: Information, consulting and research services available from NACVA's staff and the member Technical Support Group; Quick access to NACVA's Database. To become Certified by NACVA, the candidate is required to successfully complete a rigorous training and a test. A preemptive requirement to becoming a CVA is that the applicant be a CPA registered in their state and a member of the AICPA. Implicit in this requirement is that the CVA maintains at least a minimum number of Continuing Professional Education (CPE) each year and each three years a Quality Enhancement, Certificate of Compliance must be attained. SERVICES TO DIVORCE ENGAGEMENT Preparing a schedule of disposable income ('"Ingreso Disponible") and personal living expenses for use during alimony and child support negotiations Preparing a schedule of assets, liabilities and net worth. Valuation of Closely held Business. Preparing a propose property settlement schedule for use during property settlement negotiations. Performing investigative procedures to determine if the opposing party has hidden assets that has been systematically diverted from their normally flow into or out of a business in anticipation of divorce. SERVICES TO A DAMAGES ENGAGEMENT INVOLVING INDIVIDUALS Preparing an analysis of the possible loss of earnings that the individual may have suffered in connection with the alleged injury. Preparing an analysis if the possible loss of earnings that the Descendant=s Estate may have suffered in connection with the death of the individual. Preparing an analysis of the loss of earnings the individual may have suffered in connection with the alleged wrongful termination from his (her) employment. SERVICES TO FRAUD ENGAGEMENT Performing an investigation regarding potential irregularities and/ or errors in the accounting system. The purpose of the investigation is to provide information that will assist in the following: Determining whether there is evidence that fraud may have occurred. Identifying the potential perpetrator or perpetrators. Quantifying the potential loss from any detected fraud. Who is Amanda Capó Roselló | Services | NACVA | AICPA | Research main | Post your questions | E-Mail