21
/ May
2010
Easiest-to-spot mistakes in valuation reports are also the most damaging
BVLaw’s good friends Carole Gailor, JD (Wallis & Hunt PLLC, Raleigh, NC) and Michelle Gallagher, CPA/ABV/CFF (Gallagher & Associates, Lansing, MI) discussed common weakness they see in valuation reports at the AAML/AICPA conference in Las Vegas earlier this month. “On average I find 20-30 errors in every valuation report I read” shared Gailor. Her three easiest-to-spot mistakes:
- plagiarism – specifically the omission of data source citation
- the lack of a site visit, and
- outdated CVs