Insider's Corner Q&A
IW: What challenge do you and Friedman LLP face right now?
BSS: The area of the practice for which I am responsible is extremely broad and encompasses fraud and other forensic accounting engagements, litigation-support (litigation spans matrimonial, shareholder/partner disputes, contractual disputes of all sorts, securities and fiduciary litigation, tax litigation, etc.) and private-company valuation engagements of all sorts, ranging from transaction pricing, valuation for tax planning and compliance purposes, valuation for financial reporting purposes to valuation for litigation-support purposes. A major challenge in our valuation practice is doing industry research and identifying comparable companies to the companies that we value.
IW: How does IBISWorld help you overcome this challenge?
BSS: IBISWorld provides wonderful industry insights which we find invaluable in our research efforts.
IW: What do you foresee happening in your industry within the next year?
BSS: Assuming that the economy slowly improves, I foresee more transactional valuation work.
IW: Tell us something interesting about yourself.
BSS: I am an avid boater. I love fine wine and my wife and I love to travel. I spent 10 years in the investment banking industry and still enjoy managing my own portfolio investments.
Barry S. Sziklay, CPA, ABV, CFF, PFS, is Partner-in-Charge of Forensic Accounting, Litigation-Support and Valuation Services for Friedman LLP, a regional accounting and consulting firm with offices throughout NJ, metro NYC and Long Island.
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