Forensic Insight

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

November 2007
E-Newsletter

Articles:

Topic of the month:

Fight the Battle on Two Fronts - Liability and DAMAGES
by Kevin Flaherty, CPA, CVA

Office Profile:

Pittsburgh Office

Guest Expert:

Tips for Making Small Talk Success
Debra Fine

Ask the Expert:

I believe that in a manufacturing BI loss - that expenses directly consumed in the manufacturing process - including manufacturing labor, utilities of manufacturing, etc. - should be counted as a cost of goods, and not put below the line with the SG&A expenses.

News & Events:

Chris Ehlers, Martin Martinovic Participate in Lloyd's Secondment

Marguerite Hart Joins Matson, Driscoll & Damico

Shannon Rusnak to Present at PLRB Large Loss Conference

July/August 2007
E-Newsletter

Articles:

Topic of the month:

The Forensic Accountant’s Role in a Large Loss
by Dayne Grey, CPA

Office Profile:

Detroit Office

Guest Expert:

Builder’s Risk: Calculating the Period of Indemnity
by Lisa Enloe, Managing Member – Held, Enloe & Associates, LLC

Ask the Expert:

Many property policies use the wording “the proper proportion of overhead” relating to valuation of work in process stock losses. How should overheads be applied in stock losses?

News & Events:

Shannon T. Rusnak, CPA, CFE and Richard J. Yochem CPA, Earn NACVA’s CFFA Designation

Matson, Driscoll & Damico Becomes Sponsor for ABA TIPS Section

January 2007
E-Newsletter

Articles:

Topic of the month:

Handling Large, Complex Claims
by Scott Schellenberg

Office Profile:

Los Angeles

Guest Expert:

Simply Speaking
by Sharon Lundgren, PhD

Ask the Expert:

Can you include depreciation when a fixed asset is totally destroyed and not repairable?

News & Events:

Edward Leighton Joins London Office of Matson, Driscoll & Damico

Matson, Driscoll & Damico Announces Two New U.S. Partners

Phillip Taylor Named Managing Director for MD&D-Singapore, Announces Local Staff Changes

October 2006
E-Newsletter

Articles:
Catastrophe Recovery: Planning Ahead for a Natural Disaster
A Letter from Jack Damico

July/August 2006
E-Newsletter

Articles:
A Forensic Accountant’s Role in Determining Reported Values
Forensic Accountants Bring Necessary Expertise to Subrogation Matters

May/June 2006
A Forensic Accountant’s Role in Products Liability & Recall Cases
Forensic Accounting: Measuring the Loss of Stock & Contents

March/April 2006
Advanced Loss of Profits
Contingent Business Interruption

January/February 2006
Retaining a Forensic Accountant as an Expert Witness
The Role of a Forensic Accountant as an Expert Consultant

November/December 2005
Projecting Sales is an Art – Not Necessarily a Science
After the Storm - Getting Back to Business

July/August 2005
Keys to Resolving Property Damage Claims
Catastrophe Recovery: Planning Ahead for a Natural Disaster

May/June 2005
Surety Bonds Can Help to Save the Day
London Office Assembles Distinguished Panel on Topic of Business Interruption

February/March 2005
The Impact of Foreign Exchange Rate Movements on Loss-of-Profit Claims
MD&D Responds to the Tsunami Damage

December 2004/January 2005
Navigate the Maze of Disability Claims Using Financial Clues
MD&D Takes on Increasing Number of Intellectual Property Cases

October/November 2004
Bringing Figures Into Focus in the Court Room
White Collar Crime on the Rise

August/September 2004
Business Valuations: When You Would Need One
Singapore Office Off to a Positive Start

June/July 2004
Hurricane Season Underway
Catastrophe Recovery: Planning Ahead for a Natural Disaster