Here’s what you’ll see:

• “Economic Obsolescence: Determining Loss of Value Caused by External Factors” (Charles Sapnas and Joseph Mickle, Valuation Research Corp.). This is a topic that you don’t find much about in the main business valuation textbooks.

• “New Fair Value Regs and Credentials Highlight ASA Event” (BVR Editor). BVU attended the ASA’s 12th Annual Fair Value Conference in Los Angeles, and here is full coverage.

• “Redefining the BV Profession at NACVA’s Annual Conference” (BVR Editor). BVU was at the annual conference of the National Association of Certified Valuators and Analysts (NACVA) and reports on two keynote addresses: one on cost of capital and the other on litigation issues.

• “Dual Valuation/Forensic Experience Is Best for Litigation Engagements” (Pasquale Rafanelli, Grassi & Co.). When performing services for a litigation action, valuation experts are often called upon to perform forensic analysis as well. While many valuation professionals will decline and require the attorney to hire a separate forensic expert, it begs the question of whether or not this is in the best interest of the client.

• “Tale of the Tape: Different BV Standards Do Not Conflict” (BVR Editor). A casual observer may look at the various sets of BV standards and get the idea that they are at odds with each other. But that is not the case, according to a new analysis.

• “Hong Kong Cracks Down on Valuations in Wake of Scandal” (BVR Editor). BVU was in Hong Kong just before this scandal broke, and we give a snapshot view of local valuation practice that in some respects seemed to be a harbinger of this new crackdown.

The issue also includes:

• Regular features: “BV News At-a-Glance/Global Perspective,” “Ask the Experts,” and “Tip of the Month.”

• BV data spotlight: “Pratt’s Stats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and “Cost of Capital Center.”

• BVLaw Case Update: The latest court cases that involve business valuation issues.

To stay current on business valuation, check out the August issue of Business Valuation Update.