Forensic Insight

October 2008
E-Newsletter

Articles:

Partners’ Corner:
“Getting The Money”: The Forensic Accountant’s Role in a Subrogation Claim
John A. Damico, CPA
News & Events:
MD&D Announces New Managing Partner in 2009

15 MD&D CPAs Earn AICPA's Certified in Financial Forensics Credential

MD&D Opens office in Sydney, Austrailia
MD&D News & Calendar of Events
Ask the Expert:
Is there an easier way of assessing or quantifying losses when they are too small to warrant engaging an accountant? Also, is there some basic information that should be requested that will provide a sound logical approach to the measurement of these types of losses?
Guest Expert:
Forensic Audit vs. Financial Statement Audits
Thomas A. Buckhoff, Ph.D., CPA, CFE
Restaurants Extraordinaire:
A Visit to the Inn of the Sun ...
Damien Renella, ACE

July 2008
E-Newsletter

Articles:

Partners’ Corner:
Coinsurance – Can Someone Please Explain This to Me Once and For All?
Shannon Rusnak, CPA, CFE, CFFA
News & Events:
Bob Rubinstein Retires After 40 Years with Matson, Driscoll & Damico
Nancy Gale, CPA
MD&D News & Calendar of Events
Ask the Expert:
What are "carbon credits" as they relate to levels of greenhouse gas emissions, and how can they potentially be involved in the measurement of a business interruption/extra expense loss?
Guest Expert:
Liquidation Value Versus Loss to Value of Insured Stock
Howard Stoner, President - Stoner & Company
Restaurants Extraordinaire:
When in Chicago ...
Joe Dotoli, Chairman - Vericlaim, Inc.

January 2008
E-Newsletter

Articles:

Topic of the month:
Business Fraud: Forensic Accountants Make it Add Up
By R. Dixon Grier
Office Profile:
Dallas Office
Guest Expert:
Appraising the 9/11 Damages to the World Trade Center
By Randall W. Wulff
Ask the Expert:
The insurance policy is subject to a monthly limit and the business income and extra expense loss for the first period exceed the limit of liability. Is it proper to amortize set-up costs over the period of restoration and not charge them all to the first period? For example, the insured purchases a temporary office trailer for $25,000 with set-up charges of $5,000. Is the entire $30,000 written off in the first period, or is it appropriate to charge off 1/6 of the charges per month? The benefit derived from the expense is experienced during the entire restoration period. If the item is accounted for incrementally, then do you also amortize the costs to remove and take down the office? In other words, are 1/6th of the charges accounted for in the first period?
News & Events:
Matson, Driscoll & Damico Announces Two New Partners