We are NOT your typical CPA's!
Business Valuation and Litigation Support
What is a Valuation? Return Top
A valuation is a determination of the value of a business interest based upon an extensive analysis of the financial records of the organization, the environment in which it operates, and the risk associated with an investment in the organization.
What are the Benefits Offered by a Business Valuator? Return Top
Business valuation professionals provide many important benefits to their clients. Some of the benefits provided include:
1. Determination of Value
Selecting the most appropriate approach to determine value based on the purpose of the business valuation engagement.
2. Professional Affiliations
Many business valuators are members of professional organizations such as state CPA societies, the American Institute of Certified Public Accountants (AICPA), and the National Association of Certified Valuation Analysts (NACVA).
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3. Confidentiality
Engaging business valuation services assures that the details of your business are confidential to the fullest extent allowed by law.
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4. Litigation Support
Minimizing the potential risk of litigation is a primary objective. In the event litigation is unavoidable, the valuator can assist as an expert witness or recommend another qualified expert.
5. Third-Party Objectivity
Avoiding problems that can arise from questions of independence and objectivity is critical to ensuring a credible valuation. Compliance with Standards of Professional Practice provides assurance that the business valuator(s) will treat your engagement with objectivity and unbiased analysis.
6. Specialized Training
Business valuation services are provided by professionals who are specifically trained through specialized educational programs, including those provided by NACVA.
7. Certifications
Many top business valuators have received special recognition by obtaining the premier business valuation designation of "Certified Valuation Analysts (CVA)", accredited through the National Association of Certified Valuation Analysts (NACVA).
What is a Certified Valuation Analyst (CVA)? Return Top
| Not everyone can perform a valuation. The goal of the business valuator is to provide an independent, knowledgeable, credible, determination of value without personal or emotional bias. Being a valuator requires an in-depth understanding of the environment in which an organization operates, including the local and global economy, implications of regulations governing the industry in which it operates, the competitive strengths and weaknesses of the organization, as well as its financial viability. In order to perform a competent valuation, one must undergo rigorous training. |
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There are several organizations which devote their efforts to the standardization and competence of valuation services. The four most recognized organizations are the National Association of Certified Valuation Analysts (NACVA), the American Society of Appraisers (ASA), the Institute of Business Appraisers (IBA), and the American Institute of Certified Public Accountants (AICPA). Although these organizations maintain different requirements for membership, they all promote professional standards and ethics in the performance of valuations.
CVA is the designation awarded by NACVA to signify one who has met the rigid professional training and testing in the valuation area. We encourage you to explore the NACVA website link to gain a complete understanding of the NACVA standards and competency requirements.
Perzel and Lara Forensic CPA's has CVA's on staff to assist you in the event that you require valuation services. In addition to providing valuation services timely, having CVA's on staff guarantees that your valuation has passed several thorough analyses and viewpoints before it is issued, making it less likely to be successfully attacked in litigation.
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Patricia Perzel, CPA, CVA, CFFA, CFF
Odalys Lara, CPA, CVA, CFFA, CFF
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 Divorce and other Litigation Support Services
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CPAs are often called upon as expert witnesses in court cases due to their experience, training, or knowledge.
We at Perzel and Lara, are not only able to evaluate and analyze financial data related to matters being litigated, but are able to assist attorneys in every aspect of the litigation process, including:
- Providing assistance in development of discovery requests
- Determination of value or damages
- Preparation and delivery of expert testimony
- Critiquing opposing expert's report
- Assisting in preparation of deposition and cross examination questions
- Preparation of trial exhibits
- Assisting in the mediation procedures
Several members of our firm are experienced in providing litigation support in the following areas:
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DIVORCE Return Top
Perzel and Lara is recognized by divorce attorneys as specialists in business valuation and litigation support services. The firm's combined technical abilities are utilized to unravel even the most complicated financial issues. Our forensic accounting techniques help identify hidden assets and assist in the preparation of lifestyle analyses to support our expert witness testimony.
Our ability to excel on the witness stand and effectively defend the sound principals utilized in our business valuations and litigation testimony qualify us as the most desirable professional for your engagement.
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DISRUPTION OF BUSINESS/ECONOMIC LOSS
Companies may require forensic accounting and litigation support to establish damages incurred during the course of business. Examples of this would be the reconstruction of records in the event of a natural disaster such as fires, tornados, or hurricanes. Economic damages can also occur in eminent domain or personal injury cases.
Perzel and Lara's expertise in reconstructing records and developing sound future loss projections have consistently produced favorable results for our clients.
SHAREHOLDER DISPUTES
In many cases, shareholder disputes arise from surmountable issues. However, due to the proximity of dispute to the individuals involved, third parties must often be brought in to mediate and provide resolution. At Perzel and Lara, our familiarity with our clients, as well as the objectivity we have demonstrated over the years, has earned us the respect of not only our clients, but attorneys as well. Therefore, we are often sought to provide assistance in the mediation process.
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