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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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How to Review a Report’s Valuation Methodology
This is part of a series on quality control for valuation engagements, which has emerged as the No. 1 concern at valuation firms and practices, according to BVR’s Benchmarking Survey. The article contains a checklist for an overall review of the income, market, asset, and excess earnings approaches.
Ideas for Solving Two Problems in the BV Profession
The business valuation profession needs to be more attuned to academic finance research, according to a letter to the editor of the ASA’s Business Valuation Review by Victor E. Jarosiewicz (Quid Valorem LLC), the chair of The Appraisal Foundation’s Business Valuation Resource Panel. He also has some ideas about attracting more young people to the profession by targeting colleges and universities. Feedback is wanted on the issues and his suggestions.
How Do Your Firm’s Benefits Stack Up?
“Flexibility” is the most important aspect of a benefits plan BV firms should be offering to employees, reveals a BVR survey. Also, a look at the levels of signing bonuses BV firms are doling out is presented.
Using Rule of Thumb Data to Uncover Cooked Books
In addition to using rule of thumb data to corroborate a value conclusion reached using other methods, the data are also helpful for validating historical financials—particularly for cash-intensive businesses. An example and some metrics for cash businesses are presented.
A Channel Analysis Is Key When Valuing a Fast-Food Restaurant
There has been a seismic shift in the operations of limited-service restaurants since the pandemic—and there’s no sign of reverting. Channels of revenue have been upended. Therefore, an analysis along these lines is important when valuing these entities, advises an expert in this space.
Practice-Building Tips From the AICPA FVS Conference
The largest event of 2024 was the AICPA & CIMA Forensic and Valuation Services (FVS) Conference. While there were many excellent technical sessions, there was good attendance at sessions that related to the management of a valuation or forensics firm or practice—a topic that is gaining in importance in the profession. This article is a recap of those sessions.
BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends May 2024
Business valuation news from a global perspective.
Auditors need to see more quantification of company-specific risk
One of the major audit review issues is company-specific risk (CSR), revealed a panel of Big Four leaders at the recent ASA Fair Value Conference in New York City last week.
Lingering high interest rates may trigger more goodwill impairments
Faced with elevated interest rates that show no signs of dropping, more companies will be forced to recognize goodwill impairments, according to a recent Wall Street Journal article.
Reminder: Take a short survey on college recruiting
Has your firm reached out to colleges to recruit new hires?
Most professional liability claims triggered from transactions
According to Duncan Will (CAMICO), the average professional liability claim against business valuation experts is $101,000, compared with $141,000 for forensic accounting.
This Monday: The NYSSCPA BV conference in New York City
One of our favorite events is the annual New York State Society of CPAs Business Valuation and Litigation Services Conference, which will be in New York City on May 13 (full day).
Global BV News: V20 global valuation conference is in Brazil this year
Last year’s inaugural V20 Summit and Conference in India was a great success, and this year’s event will be in Sao Paolo, Brazil, September 30 to October 2.
BV movers . . .
Several appointments to the standards setting boards at the International Valuation Standards Council.
CPE events
A Saga About S Corporation Tax Affecting: It’s a Thriller! (A BVR Workshop). May 8, 10:00 a.m.-1:15 p.m. PT/1:00 p.m.-4:15 p.m. ET. Featuring: L. Paul Hood Jr., The University of Toledo Foundation. CPE credits: 3.5.
Court opts not to split the difference in disparate valuations
Often, courts take the middle ground when faced with two disparate valuations, but, in an Ohio divorce case, the court did not do that.
What to know from the ASA Fair Value Conference
It was another great turnout for the ASA Fair Value Conference in New York City last week.
What has been your experience with college recruiting?
Bringing new talent into the business valuation profession is a challenge.
FactSet Review 2024 PDF now available
The PDF version of the 2024 edition of the FactSet Review (formerly known as the FactSet Mergerstat Review) is now available.
Valuation conferences for May on our radar
Conference season is in full bloom in May.
Reminder: Take the IVSC survey on ESG
To investigate the evolution of how environmental, social, and governance (ESG) factors are being incorporated into the valuation process, the International Valuation Standards Council has launched a survey.
Global BV News: KPMG provides global market data
The Q1 2024 International Valuation Newsletter from KPMG Switzerland includes some key financial market data.
BV movers . . .
James Weaver has joined Crowe LLP as a consulting partner in the firm’s Valuation Services practice.