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Webcasts
Economic Damages Update - Reasonable Certainty, Lost Profits and Intellectual Property
NASBA FIELD OF STUDY
Accounting
LEVEL
Basic
CPE CREDITS
Audio Webcast: 3.5
Learn the concepts covered in each of the AICPA Forensic & Valuation Services new practice aids. You will gain knowledge about the accepted approaches and methodologies used to quantify economic damages.

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$189 $149

5 - 9

$169 $135

10 - 20

$159 $125

21 +

$149 $119

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

FVS section members and ABV/CFF credential holders attend free

When you log into this website with your AICPA member account, the section discount will be automatically applied during checkout. Section discounts cannot be combined with any other offer. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

ON24 Supported System Configurations

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If you are using an unsupported version of a Windows, Mac, or Linux operating system, you may experience difficulty in viewing and/or listening to the event.

Media Players
In order to access the event, you must have the following streaming media player installed on your computer:

ON24 Supported Browsers

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  • Safari (Latest, Mac Only)
  • Google Chrome (Latest)

Technical Support: For technical support, please contact service@aicpa.org or call 888.777.7077 Mon-Fri 9am-6pm ET.

Detailed information can be found here
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Product details

Familiarize yourself with methodologies and approaches.

Who Will Benefit?

  • CPAs and other qualified professionals who perform damage analyses and provide expert witness testimony in litigation matters

Key Topics

  • Methods and approaches to quantifying lost profits and other economic damages
  • New developments in the case law surrounding intellectual property infringement damages
  • Case law overview surrounding challenges to expert testimony on key components of an economic damages calculation

Learning Objectives

  • Apply the basic methods and approaches to quantifying lost profits.
  • Identify the key issues that are relevant to quantifying damages in intellectual property disputes.
  • Recognize where the courts have come down on selected issues central to the analysis of economic damages.

In order to survive a challenge to the admissibility of an expert opinion, CPAs who provide expert witness services need to be familiar with the methodologies and approaches typically employed in the analysis and quantification of economic damages. There is a robust body of case law that has been developed by the courts in the United States that directly addresses issues relevant to the quantification of damages.

The AICPA Forensic & Valuation Services section has issued three new practice aids that address methodological and case law issues:

  • Calculating Lost Profits
  • Calculating Intellectual Property Infringement Damages
  • Reasonable Certainty in Economic Damages Calculations - Revenues, Costs and Best Evidence

What you can expect

This webcast introduces the concepts covered in each of the practice aids. You'll gain knowledge about the accepted approaches and methodologies used to quantify economic damages, like lost profits, and the conclusions reached by the courts on issues central to damage analyses.

FAQs

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Please check the following:

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    • Symptoms of incorrect bandwidth include freezing or stuttering video during playback.
  • Does your IT department allow access to streaming audio/video through your corporate network?

Pop-up blockers are software programs that stop windows from opening automatically. These windows often feature advertisements that can be an annoyance while browsing the internet.

While this is normally a desired result, some software utilizes the additional windows to deliver key functionality. Our webcasts utilize pop-ups to automatically open your presentation, attendance checks and slides in a new window. If your pop-up blockers are enabled, it will prevent you from being able to view the event and the attendance checks automatically.

It is very common to have multiple pop-up blockers operating at the same time; some you may not be aware of. You can locate most pop-up blockers in either the system tray (lower right hand corner of your screen but the clock) or as a toolbar (in IE and Firefox click on "View" then "Toolbars" to activate or deactivate toolbars).

Common toolbars such as Google and Yahoo Companion have built in pop-up blockers that you may need to disable. Also, if you are running personal firewall software such as Norton's Internet Security or Zonealarm, they will also block pop-ups.

If you are running personal firewall software and cannot view the event, please contact your internal IT department or the manufacturer of your firewall software for assistance in disabling pop-up blocking.

Also, if you are using a corporate network, please be aware of your IT policies regarding streaming audio and video. It is very common for businesses to block access to certain web sites containing unrelated content or streaming audio and video. Your IT department may need to make an exception in the system allowing you to view the broadcast.


If you opted for the CPE version of the webcast, then: YES. After the webcast is completed and you have selected all of the qualifying attendance checks, you will have the ability to print/download your CPE certificate. There are a number of ways to access your certificate.

  • At the end of the event, while still logged in, you can click the CPE icon at the bottom of the event player, which will launch a pop-up window containing your certificate.
  • If you do not click the CPE icon while in the presentation, you will have subsequent opportunities to download and print it. A post event email will be sent to the email address the event was registered under with a direct link to your certificate, as well as, access to the archive where you can again click the CPE icon.
  • If you have an AICPA/CPA.com store ID, you will also be able to access your certificate from your My Accounts section. If you opted for the NO CPE version of the webcast, then you will not be able to receive a certificate of completion.

NOTE: If you attended the CPE eligible webcast event, but did not click all the required attendance checks, qualifying you for CPE credit, you will NOT be able to use the archive of the event to then qualify for CPE. As a reminder CPE credit cannot be given for watching the archived version of the webcast due to NASBA guidelines.


Yes. All registrants of our webcasts get access to the archive after the event is over. The archive is typically available 24 hours after the event ends and online for 3 months. The same link you receive for accessing the live event can be used for accessing the archive. CPE credit will only be given if you attend the original, live webcast. Credit cannot be given for watching the archive version of any AICPA webcast, due to the National Association of State Boards of Accountancy (NASBA) guidelines issued for CPE.

When the FAQs in the presentation resource list don't resolve your issue, we ask that you contact us immediately for further assistance using the Q&A function in the presentation or one of the following:

  • Service Center by telephone – 1.888.777.7077
  • Service Center by email – service@aicpa.org
  • Due to varying email volume and processing times, we recommend attempting to contact us by telephone first if you are contacting us on the same day as your event.
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Participation in a live webcast is considered group-study. Credit is based on the scheduled length of the live program, with one 50-minute period equal to one CPE credit. Most webcast are scheduled for 100 minutes or two CPE credits.

You can find more information on the following AICPA Store web page: Important Information on Your CPE Credit.

Yes, you can log in during any portion of the webcast. Please note, however if you do not respond to the required amount of attendance checks, which are randomly distributed throughout the event, you will not qualify to receive your CPE certificate.

You may substitute your registration with another webcast of equal or lesser value if the request is received up to a day prior to the webcast. Refunds, less 50 percent administrative fee, will be issued if cancellation requests are received up to a day prior to webcast. No refunds or substitutions will be issued if cancellation requests are received during the webcast or after the webcast completion. For further information, call the AICPA Service Center at 888-777-7077 or send an email to service@aicpa.org.

Group Access

When a multi-seat group purchase is made, participants will all sit in one room and watch the course together.

After the group purchase is made, the purchaser will receive an email which provides them a direct link to the course. They should use this direct link to access the course.

For those participants sitting together as a group, using a single computer, the person who makes the PURCHASE must be the person logged into the event in order for everyone to receive CPE credit. As the attendance checks are presented on the screen the person logged in must answer them. If all the required checks have been met at the end of the event, the person logged in will click the CPE icon and a form will be provided, so that they can enter each participant who was sitting in the room with them. Once the form is fill out with all the users names/email addresses, then all certificates will be generated for saving/printing.

So what does this mean for my CPE certificate?

If you attended in a group, then the person who is logged in is responsible for responding to the attendance checks. After the event is over and the person logged in selects the CPE icon, they will be required to fill in the name, email and STORE ID of each person sitting in the room. This is why those individuals must have previously registered. Without a valid store ID, the attendee will NOT be able to access their CPE certificate from the MY ACCOUNT option after the event.

Ratings and reviews
Speaker bio

David Duffus

David is a partner on Baker Tilly's Forensic, Litigation and Valuation services team. With over 25 years' experience, David specializes in applying forensic accounting techniques in damage analyses and valuations. Additionally, David provides services related to fraud and forensic investigations. David regularly works with organizations within the following industries: manufacturing, financial services, insurance, healthcare, higher education, real estate and construction.

Jeffrey Klein

Jeffrey A. Klein is a principal in the Forensic and Financial Consulting Services Group at Hemming Morse, LLP. In this position, Mr. Klein focuses on the application of financial, economic, and accounting principles to issues typically arising in complex business litigation. His work includes analyzing damages issues in matters involving allegations of breach of contract, breach of fiduciary duty, fraud, and intellectual property disputes, among others. Additionally, Mr. Klein has worked on numerous matters involving complex accounting, forensic investigations, and valuation issues. He is an active member of the AICPA AICPA Forensic & Litigation Services Damages Task Force, contributing to recent practice aids authored by the task force and its members.

Scott Bouchner

Scott Bouchner has more than 25 years of experience in business valuation, litigation support and management consulting. During his varied career he has been involved with damage analysis, securities litigation and business and family dispute resolutions.

A frequent expert witness in state and federal courts, Bouchner also performs due diligence for mergers and acquisitions, and provides strategic business consulting services.

Cynthia Tregillis

Cynthia Tregillis is the Deputy General Counsel of Contracts, Products and Intellectual Property for Western Digital Corporation, which is an industry-leading provider of storage technologies and solutions that markets its products under the G-Technology, HGST, SanDisk, Tegile, Upthere, and WD brands to OEMS, distributors, resellers, cloud infrastructure providers and consumers. Ms. Tregillis currently manages the Legal Department's teams that have responsibility over commercial transactions and business support, product development and marketing, and intellectual property. Her team is located in the United States, Europe, Israel, Japan, China, Thailand, Singapore, and Malaysia.

Cynthia Tregillis

Jeffrey N. Press is a Director in the Financial Advisory Services Group. He has nearly 15 years of experience providing forensic accounting services, including expert testimony. Jeff's focus is on litigation consulting and forensic accounting investigations, and he works with attorneys, public and private companies, and individuals. His consulting and forensic accounting matters have encompassed a wide array of matters involving economic damages in complex commercial disputes, intellectual property infringements, shareholder disputes, and investigations of financial fraud.

Drew Voth

As a Senior Director in Alvarez and Marsal's valuation and litigation support practice, Mr. Voth brings 27 years of experience in accounting, finance, valuation, economics and statistics to bear on earnings evaluations, damages studies, investigations, valuations, and other areas. He has testified in a variety of matters including intellectual property infringement, class action, breach of contract, and individual damage matters. Notable engagements include: prevailing testimony in the oft-cited copyright infringement indirect damages matter Mackie v. Reiser, 296 F.3d 909 (9th Cir. 2002); a no-damage ruling in an underlying patent infringement legal malpractice claim in excess of a billion dollars; and multimillion-dollar jury verdicts in various matters including breach of contract and theft of trade secret matters.

Greg Regan

Mr. Regan is a Partner at Hemming Morse, LLP in San Francisco. He has testified numerous times in federal and state courts as well as in arbitrations regarding economic damages. Greg has served on the AICPA Forensic and Valuation Services Executive Committee and Forensic & Litigation Services Committee. Greg is currently a member of the AICPA FVC Planning Committee an active member of the Economic Damages Task Force and Chair of CalCPA's Forensic Services Section. Right now, Greg is working on a refresh of the Lost Profits Practice Aid.

Christian Tregillis

Christian Tregillis is a partner in the Forensic and Financial Consulting Services Group at Hemming Morse. With more than 25 years of experience, he performs financial, economic, accounting, and valuation analyses and investigations, often in the context of disputes or transactions, including the negotiation of IP licensing agreements.

Chris has testified as an expert witness in approximately 100 matters, including before state and federal courts, as well as in arbitration proceedings. His prior experience includes serving as a partner at Deloitte & Touche. Chris has served as chair of both the American Institute of Certified Public Accountants (AICPA) Economic Damages Task Force and the California Society of Certified Public Accountants (CalCPA) Economic Damages section.

Alexander Walther

Alexander Walther is a Senior Vice President of BVA Group. Alex has over 12 years of professional services experience related to complex contract disputes, economic damages, bankruptcy adversarial proceedings, and valuation disputes, as well as investigations of alleged financial irregularities. Alex is a Certified Public Accountant who holds the designation of Certified in Financial Forensics awarded by the American Institute of Certified Public Accountants and is a Certified Fraud Examiner. He is an active member of the AICPA's CFF Credential Committee and the AICPA's Forensic & Litigation Services Damages Task Force.s

Jack Schwager

Jack Schwager is a Managing Director at FTI Consulting and is based in Chicago. Mr. Schwager is a member of FTI Consulting's Forensic & Litigation Consulting segment, where he assists law firms and corporate clients to investigate, understand, and respond to complex financial and economic challenges. He has more than 17 years of professional experience providing dispute advisory, forensic accounting and accounting advisory services.

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Holly Sharp

Holly Sharp is a Shareholder and Director of Consulting, LaPorte CPAs & Business Advisors. She is also an adjunct professor at the A.B. Freeman School of Business at Tulane University where she teaches tax accounting. Ms. Sharp's experience includes extensive consulting work in the areas of taxation for individuals, corporations and other entities, as well as financial planning, estate planning, and business succession planning. Litigation experience includes testimony and forensic accounting services in accounting, financial, economic and business issues. Ms. Sharp is a Certified Public Accountant, Certified Fraud Examiner and Certified in Financial Forensics.

Price:
$189.00
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Estimated total:
$189.00
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CREDIT INFO
CPE credits
Audio Webcast
: 3.5
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
Group Internet Based
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