- More from Hitchner’s BV Myth Busters
- Court excludes valuation expert by mistake
- Still waiting for the DOL ESOP regs
BVIUK Summit October 26
BVR CEO David Foster will moderate the second round of the BVIUK’s Expert Debate, where some of the best BV experts in the world discuss the most topical issues in the industry, including inflation, startup valuations, expert testimony, bias, and subjectivity.
What’s in the November issue of Business Valuation Update
Here’s what you’ll see.
BV movers . . .
Theresa Zeidler, ASA, has joined Atlanta-based KNAV as practice director-valuations.
CPE events
REPLAY—Ethical Issues in Business Valuation, October 18, 10:00 a.m.-12:05 p.m. PT/1:00 p.m.-3:05 p.m. ET. Featuring: R. James Alerding (Alerding Consulting LLC) and John Barrett Jr. (Barrett Valuation Services Inc.). CPE credits: 2.5.
No do-over for valuation of business hit by COVID-19
In a Wisconsin marital dissolution case, COVID-19 negatively impacted the husband’s hair salon business, which had to shut down for a while.
Big turnout in the Big Easy for the ASA annual confab
About 600 appraisers (which included 150 online) of all disciplines enjoyed the 24/7 nightlife, Creole cuisine, great jazz—and some excellent education sessions—at the 2023 American Society of Appraisers International Conference in New Orleans last week.
Watch out for ‘black box’ compensation apps
During his session on reasonable compensation at the Forensic and Valuation Conference hosted by the Virginia State Society of CPAs, Neil Beaton (Alvarez and Marsal) discussed the various compensation benchmarking surveys and subscription databases.
ASA Rising Stars for 2023 honored in New Orleans
BVR, along with the BV recruiting firm Borrowman Baker, co-sponsored a cocktail reception for the winners of the 2023 Rising Stars (those under 40 years of age) award who were announced at the 2023 ASA International Valuation Conference in New Orleans.
ISBA appraisal review workshop November 9-10
The International Society of Business Appraisers (ISBA) is offering a two-day workshop for its Business Certified Appraiser in Review (BCA-R) credential.
Updates to two closed-end fund reports are available
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.
Global BV News: Next edition of IVS expected January 2024
Alexander Aronsohn, technical director at the International Valuation Standards Council (IVSC) told the audience at the 2023 ASA International Conference that there were 116 responses (i.e., comment letters) to the exposure draft for the updates to the International Valuation Standards (IVS).
BV movers . . .
Several individuals in the business valuation discipline at the American Society of Appraisers were honored at the organization’s 2023 International Conference: Lifetime Achievement Award.
CPE events
Confident Projections: Knowing & Implementing FP&A Methodology Into Projections. October 12, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Josh Shilts (Shilts CPA). CPE credits: 2.0.
Lack of BV credential triggers a Daubert challenge
In a bankruptcy case in South Carolina, the defendants moved to exclude evidence of an expert, which included his exhibits and valuation report.
BV firms are thriving, per BVR’s benchmarking insights
The past few years may have been witness to the most demand, the best growth, and the highest profitability the business valuation profession has ever seen, according to the executive summary for the 2023 BVR Benchmarking Survey.
Points to know from the VSCPA conference
The annual two-day Forensic and Valuation Conference hosted by the Virginia State Society of CPAs is one event we never miss.
Reminder: Sample IRS forms for PDF extraction testing
Nambri TaxXL is a new application that automates the conversion of PDF tax returns into an Excel spreadsheet.
Free updated guide to the Stout restricted stock study
The 2023 edition of the “Stout Restricted Stock Study Companion Guide” is now available, and it reflects updated tables and graphs that contain new transactions.
AICPA offers free replay of portfolio valuation event
If you missed the live AICPA Portfolio Valuation Forum, a free replay is available if you click here (free account registration needed).
Global BV News: NACVA joins the V20 bandwagon
The National Association of Certified Valuators and Analysts (NACVA) has joined as a participating organization for Valuation20, according to a LinkedIn post.
Free webinar series from the IVSC and Kroll
Recordings are now available of the Kroll-sponsored series of webinars presented by the International Valuation Standards Council (IVSC) from June 7 through June 15.
BV movers . . .
Gregory J. Urbanchuk, MSc., CVA, has joined New York City-based Grassi as a consulting principal in the forensic, litigation, and valuation services group.
CPE events
Confident Projections: Knowing & Implementing FP&A Methodology Into Projections. October 12, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Josh Shilts (Shilts CPA). CPE credits: 2.0.
Lone dissenter of medical merger challenges share valuation
In a California case, a physician was a nonexclusive provider to a physician network and was one of 75 shareholders.
New Rule 702 crackdown already impacting expert witnesses
Although they don’t officially go into effect until December 1, expert witnesses are already feeling the effects of the changes designed to strengthen Rule 702, which is the federal rule of evidence regarding testifying experts.