Can You Trust a Valuation That Falls Short of AICPA Standards?

Business Valuation UpdateVol. 20 No. 9
Legal and Court Case Update
September 2014

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3674 Semiconductors and Related Devices
334413 Semiconductor and Related Device Manufacturing
marital dissolution/divorce
goodwill, expert testimony, income approach, asset approach, closely held corporation, discount, intrinsic value, market approach, equitable distribution, american institute of certified public accountants (AICPA), comparable
Hugh v. Hugh
2014 Va. App. LEXIS 222
June 3, 2014
US
State Court
Virginia
Court of Appeals
Mark Vogel (wife); none (husband)
Alston Jr.

Summary

Appeals court finds error in trial court’s refusal to value business; even if limited data caused expert’s estimate to fall short of AICPA standard, it was based on the market approach, a “sound and reasonable method to value a closely-held business.”

See Also

Hugh v. Hugh

Full Text of Court Cases
June 3, 2014

Appeals court finds error in trial court’s refusal to value business; even if limited data caused expert’s estimate to fall short of AICPA standard, it was based on the market approach, a “sound and reasonable method to value a closely-held business.”