After last week’s BVWire leaked some preliminary results from the 2008-2009 Business Valuation Firm Economics & Best Practices Survey—specifically noting the exponential growth in the BV industry—we received some feedback from our readers. CFO Ken Becker, CMA, CPA (Portland, OR) commented, “With the accounting profession moving from historical cost basis to current value, it would be surprising if the BV field was not growing quickly. The challenge for the BV profession must be to maintain quality during rapid growth.” Good observation. Quality is important and is something the AICPA’s SSVS 1, NACVA’s revision to their standards, and the ASA’s latest version of USPAP (all effective January 1, 2008) all push towards. Have comments? Send them to BVWire@BVResources.com.
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