Last week, BVWire attended the Joint ASA 2018 Advanced Business Valuation and International Appraisers Conference in Anaheim, Calif., and the sessions and networking events were excellent. Ray Rath (Globalview Advisors) chaired the BV portion of the conference, and ASA international president Bob Morrison (Morrison Valuation & Forensic Services LLC) welcomed the crowd. He thanked veteran appraiser Lee Hackett for serving as interim CEO while a search is underway for someone to fill the post permanently.

Jeff Tarbell (Houlihan Lokey), the chair of the ASA’s BV Committee, gave an update on the committee, which is a group of appraisers who share a common interest in advancing the BV profession. The committee consists of industry leaders who volunteer their time toward several primary efforts. One is the development and delivery of best-in-class business valuation education. Another effort is the advancement of the profession through the establishment and endorsement of professional standards such as the ASA Business Valuation Standards, USPAP, and IVS (the global standards from the International Valuation Standards Council). This reflects the move toward serving the large and growing international marketplace of BV professionals with high-quality and timely education. We noticed that the conference was well-attended by professionals across the globe, including Saudi Arabia, Romania, Japan, China, and other countries.

In next week’s issue, we’ll have some takeaways from some of the sessions we attended.