Following in Mike Hill’s illustrious footsteps, Terry Allen became the latest chair of the ASA’s BV Committee. After a meeting during the International Conference, Allen issued a recap of the Committee’s plans for the coming year in the Society’s weekly BV E-Letter. Improvements to the website are on the agenda, along with new education offerings (notably, a course of intangible asset valuation in October). The ASA’s International Government Relations Committee, chaired by Jay Fishman, will expand to include “members of all disciplines.” The BV Standards Subcommittee, led by Chris Mercer, will focus on 1) reanalyzing the ASA BV standards in light of recent USPAP changes and 2) responding to emerging issues from FASB and the International Valuation Standards Committee.
Finally, if you missed the recent ASA confab in California, make plans to attend its 26th Annual Advanced BV Conference on October 29-31 in San Diego. Sessions will feature two tracks—one on fair value for financial reporting, the other on advanced fair market value issues, such as new insights into marketability discounts. More program, hotel, and registration information is available here.
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