There was a healthy turnout of forensics and valuation experts in Las Vegas for the 2019 AICPA Forensic and Valuation Services Conference.
Last week’s BVWire covered the September 2019 AICPA FVS Eye on Fraud quarterly report, “Marijuana and Forensic Accounting—High Times for CPAs?”
The FASB will conduct a public roundtable discussion on November 15 in Norwalk, Conn., on its Invitation to Comment (ITC) on moving from the current impairment model for goodwill to amortization.
The AICPA’s Standing Ovation Program recognizes young (age 40 is the limit) CPAs holding the Certified in Financial Forensics (CFF) or Accredited in Business Valuation (ABV) specialty credentials who have exhibited exemplary personal achievement.
Political uncertainties over the past quarter remain unresolved, such as the potential conflict between the U.S. and Iran, trade dispute between the U.S. and China, and the Brexit negotiations, reports KPMG in its 10th edition of the International Valuation Newsletter, published quarterly.
At the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas, William Fellows, CPA, ABV, a partner in Deloitte Risk and Financial Advisory, was named 2019 Business Valuation Volunteer of the Year and Elizabeth Woodward, CPA, CFF, director of forensic accounting and litigation support with Dean Dorton Allen Ford PLLC, was named 2019 Forensic & Litigation Services (FLS) Volunteer of the Year.
FREE WEBINAR: BV Hiring Made Smarter: Expert Tips to Land (and Keep) the Best Talent (November 14), with John Borrowman (Borrowman Baker LLC).
BVWire sat through several excellent sessions involving valuations for litigation purposes at the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas.
Closed-end fund (CEF) data are commonly used to derive discounts for lack of control (DLOC) for closely held holding companies invested in marketable securities.
The American Institute of CPAs details the risks and opportunities for CPAs working in the cannabis industry in the latest “FVS Eye on Fraud” report.
Appraisers know the importance of telling a good story when valuing a business.
The National Association of Certified Valuators and Analysts (NACVA) added 67 members who have earned the CVA designation in the third quarter of 2019, according to an announcement.
Based on feedback from users, a supplement to the 2019 Mergerstat Review has been created that contains analysis originally featured in all editions prior to 2018.
DealStats now lists over 30,000 private-company and 4,000 public-company M&A transactions, thanks to business brokers and other intermediaries who contribute the data.
The eyes of the world have been on Hong Kong for very different reasons than business valuation.
Zach C. Reichenbach, CFA, CPA/ABV/CFF, has joined the boutique valuation/litigation support firm Vallit Advisors as a director.
The Fair Commission Model for Valuing Goodwill in Small Service Businesses (November 7), with Michael Sack Elmaleh (Epiphany Communications).
A fairly routine ESOP case that is being litigated in the 4th Circuit has raised a novel legal issue in this jurisdiction as to the financial liability of co-fiduciaries and nonfiduciaries, including the ESOP appraiser.
The FASB received almost 100 comment letters on its Invitation to Comment (ITC) on how to account for certain identifiable intangible assets acquired in a business combination.
A common approach to developing a discount for lack of marketability (DLOM) when using restricted stock studies is to simply list their averages and use those figures in the estimate.
NACVA is recruiting up to 60 to 80 members to act as mentors to support the organization’s membership in a number of ways, such as being included in an online directory for easier connection with members.
At the first Global Valuation Summit organized by the Institute of Valuers (IOV) in New Delhi, the chairman of the Insolvency and Bankruptcy Board of India (IBBI) said that a statutory body should be established for valuers in that country.
Joining New York-based Empire Valuation Consultants in a new Long Island office are Harold L. Deiters III, CPA/ABV/CFF/CGMA, CFE, MAFF/CVA, as a managing director; Joseph Ammirati, CPA/ABV/CFF, ASA, as a director; and Pasquale Rafanelli, CPA/ABV, ASA, CVA/CBA/MAFF, CFE, CDFA, as a senior manager.
‘Don’t Make Me Call Security!’: How to Consider Data Security in a Business Appraisal (October 30), with Mike Blake (Brady Ware & Co.) and Charles Hoff (Data Security University).
BV expertise matters, as a recent Florida divorce case shows in which the parties’ experts faced the challenge of valuing a company that once operated abroad but was sold a decade before the divorce trial.