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    Meaden & Moore

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    Ohio Department of Health Issues Stay at Home Order for All of Ohio

    Posted by Meaden & Moore on Mar 22, 2020 4:38:58 PM

    Topics: Tax Planning & Strategies, Accounting & Auditing, Accounting and Tax Resource, COVID-19

    Ohio Governor, Mike DeWine announced today that the Ohio Department of Health has issued a Stay at Home order for all of Ohio. The order goes into effect at 11:59 PM, Monday, March 23 and will go until at least April 6. Then it will be reevaluated, according to DeWine.

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    4 Signs of Accounts Receivable Fraud

    Posted by Meaden & Moore on Jan 28, 2020 8:00:00 AM

    Topics: Investigative and Forensic Accounting

    Accounts receivable (A/R) are often a popular fraud target because of the high volume of transactions that go through the A/R account. These types of fraud can be costly, but early detection can help minimize losses. This article identifies four signs that something is amiss with receivables: slow turnover, missing controls over financial reporting, excessive write-offs and errors, and customer complaints.

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    The Cost of Capital Counts

    Posted by Meaden & Moore on Jan 27, 2020 10:50:31 AM

    Topics: Investigative and Forensic Accounting

    The cost of capital is an important consideration when valuing a business under the income approach. This article explains how business valuation experts determine the “optimal” capital structure for a business and why it matters.

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    Look Beyond Deal Price in Statutory Appraisals

    Posted by Meaden & Moore on Jan 24, 2020 8:30:00 AM

    Topics: Investigative and Forensic Accounting

    Statutory appraisals in dissenters’ actions are typically based on either the deal price or the company’s unaffected market value as a going concern. This article summarizes a recent Colorado Court of Appeals case that affirmed a decision to consider more than just deal price when determining the fair value of a minority shareholder’s interest. 

    Crocker v. Greater Colorado Anesthesia, P.C., 2018 Colo. App. 33, 2018 WL 1247618, Mar. 8, 2018

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    Consumer Debt Portfolios Allegedly Used in Recent Ponzi Scheme

    Posted by Meaden & Moore on Jan 23, 2020 8:15:00 AM

    Topics: Investigative and Forensic Accounting

    It’s been more than a decade since Bernie Madoff made headlines for his massive Ponzi scheme. That case taught a valuable lesson: If an investment seems too good to be true, it probably is. Unfortunately, some investors are still being duped by slick con artists who promise quick and easy returns. This article highlights another recent securities fraud indictment last fall and explains how these frauds work. A sidebar discusses ways a forensic accounting expert can help identify the signs of securities fraud scams.

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    Warning: Expert Admissibility Standards May Vary

    Posted by Meaden & Moore on Nov 4, 2019 9:00:00 AM

    Topics: Investigative and Forensic Accounting

    In federal court, the admissibility of expert testimony is governed by the strict Daubert standard. The U.S. Supreme Court decided this landmark case in 1993.

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    Data Analytics Roundup

    Posted by Meaden & Moore on Oct 30, 2019 9:00:00 AM

    Topics: Investigative and Forensic Accounting

    When it comes to fraud detection, the amount of available data in the company’s paper and electronic records can seem staggering. Fortunately, the field of data analytics continues to advance, arming qualified financial experts with the tools to mine massive mounds of data effectively and efficiently. Association analysis, outlier analysis, and cluster analysis are among the detection techniques that have rapidly gained footholds in today’s data-driven world.

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    Recognize the Typical Schemes of Subcontractor Fraud

    Posted by Meaden & Moore on Oct 29, 2019 9:00:00 AM

    Topics: Investigative and Forensic Accounting

    General contractors usually have good relationships with their subcontractors. But fraud happens in every industry. As a risk management measure, it’s important to recognize typical subcontractor fraud schemes so you can protect your construction company both financially and legally.

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    How Market Data Can Be Used to Calculate Reasonable Royalty Images

    Posted by Meaden & Moore on Oct 28, 2019 8:00:00 AM

    Topics: Investigative and Forensic Accounting

    In intellectual property infringement cases, business valuation experts often use the Georgia-Pacific model to determine reasonable royalty rates. This article lists the 15 factors that are considered under this model and describes a market-based alternative that’s gaining momentum.

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    What Does it Take to Have a Successful ERP Implementation?

    Posted by Meaden & Moore on Oct 23, 2019 2:17:00 PM

    Topics: ERP

    In our organization we always measure ERP implementation projects on 4 criteria: Was it on time? Did the system meet our objectives? Was it on budget? Was it within scope? You’ll see that these four criteria are some of the key indicators as to whether an implementation was successful. A review of the original scope document will tell you how well the planning and design stage went, and will answer the question: Did we stick to our plan? Forecasting budget to actual spending is another indicator of the project health. Lastly, was the project completed on time? Read More

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