Congratulations to Nancy Fannon and Mike Crain for their induction into the AICPA BV Hall of Fame, “created in 1999 to recognize individuals whose lifetime achievements and contributions have significantly advanced the valuation discipline for CPAs,” said Robin Taylor, chair of the AICPA BV Steering Committee, in presenting the awards. Fannon was cited as a “thought leader” in the profession, “one of the most active people in the AICPA BV community” whose knowledge and service was exceeded only by her research, expertise, and education on controversial issues such as the uses and abuses of market databases, the valuation of S corporations, and lost profits/economic damages. Oh—and she’s written books on all three subjects, having just published Fannon’s Guide to the Valuation of Subchapter S Corporations with BVResources, which will release her two additional guides early next year.
Crain has been just as active in the valuation community. “It is hard to find a role that he has not filled—and filled well,” Taylor said, including highlights such as his membership on the AICPA BV Committee, the Journal of Accountancy editorial advisory board, and national and state litigation taskforces. His body of work is outstanding and his commitment to the profession unparalleled. And oh—Crain holds five different credentials related to valuation and forensic services. “There are not many others” like him, Taylor said.
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