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Welcome to the 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.
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The primary defense against fraud is a robust
series of internal controls. The starting point for any internal control system is the "Tone from the Top". The Tone is a communication to employees stating unethical behavior will not be tolerated. The communication needs to be explicit and repeated regularly.
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Rules of Thumb: Do they have a Place in Business Valuation?  
Business valuation rules of thumb may offer a rough indication of
value that can be used to satisfy a business owner's curiosity or to serve as a "reasonableness or sanity check" on results derived from other methods. But they fail to capture the specific characteristics of a business that drive its value, and so are no substitute for a comprehensive, formal valuation. What constitutes a rule of thumb and what the limitations of those rules?
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When Divorce Enters the Picture: A Qualified Valuation Expert Can Make a Huge Difference
 When a married couple parts ways and one or both spouses own an interest in a business, it's critical that they retain valuation experts - or perhaps a joint expert - to value not only the business interests, but also other marital assets. Valuations in divorce differ from others types of valuations, along with the difference of an "expert" and a "consultant". This article explores that and how appraisers handle goodwill and forensic accounting issues in a divorce valuation.
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