Elevate your practice with the FVS Section
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Elevate your practice with the FVS Section

4 months ago · 2 min read

As the dust from the current health crisis begins to settle, the implications are clear. Clients are facing unique challenges related to increased fraud impacts, significant business interruption losses, massive economic damages concerns, bankruptcy, impairment and other valuation-related issues. Forensic and valuation services (FVS) professionals are uniquely positioned to help their clients work through these massive challenges, and as a result, will be essential to providing critical guidance and advisory services to help navigate the uncertainty and work through the chaos and confusion.

Whether you are an established professional who performs forensic accounting or valuation analysis or you are looking to provide your clients with additional support during these unprecedented times, the AICPA’s FVS Section has the resources and tools you need to elevate your practice.

Why join the FVS Section?

The FVS Section offers an unparalleled one-stop experience for forensic accounting and business valuation practitioners. It is the premier provider of comprehensive professional guidance and tools, exceptional learning initiatives, advocacy and community.

  • Advocacy – As the voice of AICPA members who provide forensic and valuation services, we promote and protect your interests with regulators and other third parties.

  • Technical guidance – Industry-leading practice aids, accounting & valuation guides, white papers and other references serve as non-authoritative guidance on critical topics impacting your forensic or valuation services practice

  • News and information – Exclusive, essential FVS communications offer insight on technical issues and promote client communications and business development.

  • Practice development – Resources focused on helping forensic accountants and valuation specialists develop or expand your services.

  • Professional development – Discounts on the FVS conferences, workshops, schools, exam review courses, certificate programs, webcasts and publications dedicated to helping forensic accountants and valuation specialists improve their expertise and achieve career goals.

  • Community – Networking opportunities, conferences, resources, events, volunteer committees and task forces allow you to connect with your peers.

Professional standards

AICPA members, and others as required by state boards of accountancy, are required to comply with the following standards when engaged to perform these services as defined:

  • Statement on Standards for Forensic Services No. 1 (SSFS 1)

  • Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset (VS Section 100 or SSVS)

  • Statement on Standards for Consulting Services, Consulting Services: Definitions and Standards (CS Section 100 or SSCS)

The FVS Section provides members with access to FAQs, checklists, sample language and more to support compliance with these standards.

Exclusive member benefits

As an FVS Section member, you’ll have direct access to critical resources and technical guidance to help you upskill and prepare your practice. You’ll have access to:

  • An extensive FVS Learning Library which includes practice aids, accounting & valuation guides toolkits, engagement letters, whitepapers, quick reference guides and our quarterly Eye on Fraud reports.

  • Business Reference Guide Online which serves as your guide to rule-of-thumb pricing.

  • Daubert Tracker for reported and unreported “evidentiary gatekeeping” cases.

  • Expert Witness Profiler for access to extensive studies (profiles) of expert witness professional backgrounds.

  • MergerShark Database for discounted access to M&A and fair value multiples and financial data.

  • Forensic Valuation & Litigation Expert Newsletter for discounted access to articles on the most relevant issues for your FVS practice.

  • Up to 13 hours of FREE CPE, annually.

  • Standing Ovation Recognition program, that seeks to recognize young CPAs and finance professionals in FVS who exhibit exemplary professional achievement

Join our FVS Community

As we work our way through post-pandemic times, the demand for forensic and valuation services will continue to grow. Now is the time to elevate your skills and client service offerings. Capitalize on your unique differentiators and develop a position of enhanced credibility and value with your clients, employers, litigators and the public.

Learn more and join the Forensic & Valuation Services (FVS) Section.

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