Surprisingly, last week's survey on the biggest BV-related event of 2006 shows that IRS-related issues (appraiser/appraisal penalties, BV guidelines, etc.) are currently running neck-and-neck with S Corp valuations and the long-running debate on tax-affecting. Issues related to fair value for financial reporting and the determination of discounts are tied for second place. And at least one respondent believes that the AICPA’s soon-to-be-issued final exposure draft of its BV Guidelines “may impact practitioners well beyond just those that are CPAs.”
The survey is still ON: We’ll keep the survey running through the holidays, and post the final results in the first BVWire of 2007. It takes just a few seconds; to register your opinion, click here.
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