What’s in the August issue of Business Valuation Update

BVWireIssue #250-2
July 19, 2023

Here’s what you’ll see:

  • “BV Firm Billing Rates Shot Up in 2022” (BVR Editor). The vast majority (83%) of business valuation firms increased their billing rates in 2022, according to preliminary results of BVR’s benchmarking survey. This is a much greater percentage than the last survey (2018) found, when 60% of respondents said they raised rates. Increases in 2022 ranged from 3% to 25%, with an average of 11%.
  • “Valuation Implications of the Changing ESOP Litigation Landscape” (BVR Editor). The tide has started to turn with respect to litigation over ESOP valuations, speakers reported at the recent ASA ESOP Virtual Conference. There has been a major court victory and pressure from the ESOP and valuation profession, and now the DOL has committed to moving forward—hopefully— with long-awaited regulations on the valuation of company shares to be bought by an ESOP.
  • “ASA Looks ‘Beyond’ Valuation to How to Build an Appraisal Career” (BVR Editor). A first-of-its-kind event in the valuation profession was the 2023 Beyond Valuation—Professional Development and Growth Conference hosted by the American Society of Appraisers (ASA) and sponsored by Empire Valuation Consultants. It focused on appraisal career development for those professionals who are just beyond the initial stages of their careers.
  • “Specialization Is the Key to Appraisal Career Success” (BVR Editor). A recurring theme throughout the 2023 Beyond Valuation—Professional Development and Growth Conference was the advice to specialize. Here is a basic plan to follow to achieve specialization.
  • “Takeaways From ASA’s ESOP Virtual Conference” (BVR Editor). ESOP valuation basics, sell-side transactions, issues with mature ESOPs, and common critiques with valuations in litigation were the topics of discussion at the ASA ESOP Virtual Conference.
  • “Canada vs. U.S. Valuations: CBV Institute Conference Reveals Some Nuances” (BVR Editor). At the CBV Connect 2023 annual conference of the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter, it was interesting to note some of the differences between the standards and practices of valuations in Canada and the U.S.

The issue also includes:

  • A full section of “BV News and Trends/Global BV News and Trends”;
  • Regular features: “Ask the Experts” and “Tip of the Month”;
  • BV data spotlight: “DealStats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and the “Cost of Capital Center”; and
  • BVLaw Case Update: The latest court cases that involve business valuation issues with one case featured in a detailed analysis.

To stay current on business valuation, check out the August 2023 issue of Business Valuation Update.

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