-
How to Value: Security Services
Industry Description The security services industry in the U.S. comprises providers of investigative and detective services, security guard and patrol operations, or armored transportation for cash, valuables, and sensitive materials (NAICS 56161). This industry excludes providers of credit investigations and sellers of security equipment. The following are some basic characteristics of the security services…
-
The Basics of Cryptocurrency
The rapid expansion of cryptocurrency and blockchain-based financial activity has introduced new complexities for forensic accountants, litigators, and investigators. Digital assets operate within decentralized networks, often outside traditional financial institutions, yet they generate extensive digital footprints. A foundational understanding of cryptocurrency terminology, transaction mechanics, and documentation sources is essential for effective tracing, valuation, and discovery.…
-
The overlap between Lost Profits and Diminution in Value
Economic damages disputes often turn on how loss is defined, measured, and framed. One of the most challenging issues arises when different damage theories appear to quantify the same economic harm from different perspectives. The analysis of lost profits and diminution in value sits at the center of this challenge, requiring careful attention to economic…
-
How to Value: Telecom Networking Equipment Manufacturing
Industry Description The telecommunication networking equipment manufacturing industry in the U.S comprises the production of wired voice and data communication devices such as telephone switching systems, telephones, answering machines, routers, modems, and gateways (NAICS 33421). Over the past decade, the industry’s focus has shifted toward the production of IP-based telecommunications and networking equipment. The…
-
Forensic Accountants in Family Law
Financial disputes in family law matters frequently involve allegations of hidden income, undisclosed assets, or manipulated financial reporting. Forensic accounting plays a central role in identifying red flags, applying targeted detection techniques, and assessing the resulting impact on business valuations and support calculations. This article outlines key risk areas and investigative approaches commonly used to…
-
Professional Judgment in Company-Specific Risk Premium
Company-Specific Risk Premium remains a hotly debated and potentially consequential elements in business valuation. Company-Specific Risk Premium frequently represents a significant portion of capitalization rates, in many cases exceeding half of the total rate. Its influence is particularly pronounced in litigation, mergers and acquisitions, private equity, and fair value reporting. Despite its widespread use, Company-Specific…
-
How to Value: Security Alarm Service Companies
Industry Description The security alarm services industry in the U.S. comprises sellers of burglar alarms, fire detection equipment, and locking mechanisms, along with providing installation, maintenance, and monitoring services (NAICS 56162). Locksmith services fall within this industry, but they represent a minor revenue component and so are not considered a core segment. The following…
-
Generative AI in Financial Services
FINRA’s recent observations highlight how member firms are increasingly incorporating Generative AI into their operations. While this technology offers significant efficiency gains, it also introduces new supervisory, operational, and regulatory considerations. The following summarizes FINRA’s key findings and guidance. Primary Areas Where Generative AI Is Being Used Member firms are deploying Generative AI to improve…
-
A Practical Framework for Organizational Resilience
Disruptions to your business are not a theoretical risk. Natural disasters, cyberattacks, and operational breakdowns continue to rise in frequency and cost, placing organizations under sustained pressure to strengthen resilience. Fortunately while disasters are inevitable, failure is optional when organizations plan ahead. The follow article outlines a clear, actionable framework for preparing for and recovering…
-
How to Value: Data Processing & Hosting Services
Industry Description The data processing & hosting services industry in the U.S. comprises providers that delivers specialized information management services such as transforming client data into reports and offering hosting infrastructure for websites and applications (NAICS 51821). The industry also includes automated data entry and data processing services. The following are some basic characteristics…
