A reminder that BV is an international profession: Today is the concluding day of the Saudi Arabian The Reality and Future of Business Valuation in KSA business valuation conference in Rhiyad. The conference is organized by TAQEEM, the Saudi Authority for Accredited Valuers.
Some highlights of the conference:
- Soltan Al Jorais (pictured) covered the draft regulations for the profession in Saudi Arabia and much of the Arab-speaking world, including the levels of membership, the education and practical experience requirements;
- Mary Jane Andrews covered the International Valuation Standards, both technical standards and professional standards (TAQEEM has translated the IVS into Arabic as an IVSC member service); and
- Michael Badham provided an overview of the content of the courses jointly provided by TAQEEM and IIBV.
TAQEEM has the attention of the Saudi government—this high-level attention is evident in the Ministry presentation included in this Youtube clip in Arabic. They're doing a great job of collaborating with IIBV and others to develop the "business valuation ecology" necessary to support strong professional practices and standards.