Appraisers have to be business people first...

"We're appraisers, but we're business people as well," says Jim Ewart (Dixon Hughes).  Ewart was speaking on normalizing financial statements for appraisals, but quickly the subject of poor management came up from his audience at the AICPA National BV Conference.  Jim’s point:  we have an obligation to explain to our clients that using a company as a personal piggy bank depresses value, and raises questions on whether the next generation of owners, including later generations of the same family, would want the assets.