Summer 2013,  Issue No.1                                                                                             

In this issue


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Thank you

to our team of article


Click to view profile:


Edward J. Kurowicki,



Darlene Shaffer,



Robert Kenific, Jr.,



Members of


American Institute of

Certified Public Accountants



New Jersey Society of

Certified Public Accountants 


National Association of

Certified Valuation Analysts 

Association of Certified
Fraud Examiners 
National Association of
Forensic Economists

Welcome to the first issue of Bedard, Kurowicki & Co., CPA's Litigation Support & Business Valuation news update.  We hope this message finds you well, and that our articles are helpful to you, your clients and your firm.  We encourage you to forward this message to friends and associates, and please don't hesitate to contact us with any questions.

Calculation vs. Conclusion of ValueA

Attorneys and their clients   sometimes ask professional valuators to provide preliminary estimates called "calculations" - rather than full-fledged business appraisals, formally known as a conclusion of value. Such requests might save money up front, but this article discusses a recent Iowa case that illustrates why calculations are no substitute for valuations. 

Fraud MotivationsB

One officer of a Company said, "If I had known he needed money, I would have loaned it to him". Another asked, "How could this happen"? And yet another exclaimed, "We are ruined! We can't make payroll!" All of these are reactions to the discovery of fraud in their Company. Hindsight will eventually bring us to ask WHY did this happen. What are the motivations for our employees in considering committing these crimes? In response, I want to discuss two of my favorite theories. 

Insight to Buy/Sell Agreements C

Buy-sell agreements provide much-needed protection when an owner involuntarily leaves - or voluntarily wants out of the business. A comprehensive agreement not only defines the term "value," but it also incorporates buyout terms and includes provision's for various buy/sell scenarios and contingencies. This article explains the importance of a valid buy-sell agreement and the significant role an appraiser plays in ensuring the agreement is sound - thus minimizing potential conflicts down the road. Click here to read the full article   
For more information regarding these articles, or for recommendations regarding your specific engagement, please contact our office at (908) 782-7900 or [email protected].