Raymond J. ("RJ") Dragon MBA, MS, ASA is the Senior Manager of business valuation with Rotenberg Meril Solomon in the New Jersey / New York City area. His work encompasses valuations for litigation support, marital dissolution, shareholder disputes, estate and gift tax, intangible asset valuation, purchase price allocation and financial reporting.
08/31/2011 - 15:51 - 1059 reads
Imagine a world where your accountant's audit team came with assorted credentials. Instead of just Certified Public Accountants (CPAs), there were Accredited Senior Auditors (ASAs), Accredited Public Accountants (APAs), even Chartered Business Accountants (CBAs), each with different levels of training and experience, and all arguing that their credential demonstrates superior knowledge of the profession. It would certainly make ascertaining the basic competence of an auditor more difficult.
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06/21/2011 - 17:59 - 1216 reads
Recently, James Doty, the chairman of the Public Company Accounting Oversight Board ("PCAOB") suggested that public companies be regularly required to change their auditors. Doty cited unconscious biases in favor of the client, a lack of skepticism, and unrestrained enthusiasm in selling additional services to clients.
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01/31/2011 - 17:23 - 1203 reads
Perhaps few cases illustrate the primacy of first defining the standard of value to be used than the valuation of a law practice or a law partner’s interest in the practice for equitable distribution in divorce. When most people think of value, they are thinking in terms of fair market value, which is defined in the international glossary of busin
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12/23/2010 - 17:20 - 2355 reads -
In Part 1, we looked at two views of the power of time in financial economics. While Albert Einstein is remembered for E = mc^2, we were more interested in his rumored fascination with FV(CFn) =CF* (1+r)^n, as he supposedly said that “the most powerful force in the universe is compound interest.”<
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