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Forensic and Valuations

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A Business' Best Friend (BFF) - a Strong EBITDA

Many businesspeople who are involved with deals and acquisitions know that a company’s “EBITDA”, the well-known acronym for Earnings Before Interest, Taxes, Depreciation and Amortization, is a very important financial metric.  This particular metric is a standard benchmark that acquirors review closely to understand a company’s cash flow.  This metric is considered a good proxy for a company’s cash flow. 

April is National Financial Literacy Month

April is National Financial Literacy Month. While numerous organizations promote various aspects of financial literacy, I want to share what this means to me in the context of my work as a forensic accountant.

So, What is USPAP?

You may have heard the acronym “USPAP” (commonly pronounced “yoos-pap”) in relation to some sort of asset appraisal, and briefly wondered what this piece of alphabet soup meant, then forgot about it as your eyes glazed over. Well, this is your lucky day! Read on for a primer on USPAP, the Uniform Standards of Professional Appraisal Practice.    

Identity Theft Awareness Week

February 1 – 5, 2021 is Identity Theft Awareness Week, and SobelCo wants to share some timely tips on recognizing and avoiding this insidious type of fraud that has been particularly widespread during the pandemic, and was the second most-reported consumer complaint submitted to the Federal Trade Commission (“FTC”) through the third quarter of 2020, with more than 900,000 complaints.[1]

Life Lessons While Traveling

 

One of the many things I love about the work we do at Sobel EAC Valuations is the opportunity to travel and see new places that I may never see otherwise. Most of the places I visited have been interesting and fun places to see – Houston, Austin, and Dallas, Texas, and Indianapolis, Indiana. I was part of the team that valued all the personal property assets at Yosemite National Park. I have seen Lake Superior from its shore in Milwaukee, Wisconsin. Wherever I go, I can find something new and interesting to see that I end up talking about for weeks.

November 15-21, 2020 is International Fraud Awareness Week

November 15 – 21, 2020 is International Fraud Awareness Week.  SobelCo is a supporting organization, so we are posting useful fraud-related information throughout the month of November!

Our colleague, Megan Kelly, wrote about the Association of Certified Fraud Examiners’ 2020 Report to the Nations, a global study on occupational fraud and abuse in a recent article. Megan shared important information about the types of occupational fraud, characteristics of perpetrators and victims, and methods of detection.

New Advisories on Ransomware Payments

 

Both the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) have issued recent advisories concerning ransomware payments.[1]

Be Cyber Smart - at Home, at School, on Mobile Devices

 

Every October for the past 17 years, the Cybersecurity & Infrastructure Security Agency (CISA) and the National Cyber Security Alliance (NCSA) have campaigned across the nation to provide cybersecurity resources to help all Americans be safe online.  This year their theme is “Do Your Part.  #BeCyberSmart.”

Are Intangible Assets Being Included in Your Property Tax Assessment

As the pandemic continues to cause havoc in everyone’s day to day life, financial survival is driving many decisions at all levels of society.  This is true with individuals as well as in government. As consumer spending remains much lower than usual, government tax collections are also much lower. Among the many different types of government funding, one is the collection of property taxes. Bear in mind that different taxing authorities include different categories of assets when applying their tax rates. This means that not all types of assets are subject to tax.

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