BVR to Identify Top-Performing BV Firms and Practices
Since 2007, Business Valuation Resources has been surveying BV firms and practices, collecting the most comprehensive data on operations, financial metrics, compensation, staffing, marketing, billing, resources used, and more. BVR is launching the latest version of this survey—with a new twist.
Damages Guide Editors Offer Insights and Advice to Valuers
Business Valuation Update had the pleasure of sitting down with the editors of the recently published 7th edition of BVR’s Comprehensive Guide to Economic Damages. They gave some insights into recent developments and some advice for experts who practice—or are thinking of practicing—in this area.
Takeaways From the Record-Breaking ASA New York Fair Value Conference
In-person capacity was sold out, and virtual attendance brought the total to about 300—a new attendance record—for the ASA Spring Fair Value Conference in New York City May 4. Topics included inflation impacts on valuation, audit targets, the new AICPA business combinations guide, ESG, PE valuations, and more.
New Valuation Credential Set to Launch for Healthcare Compensation Experts
The American Association of Provider Compensation Professionals (AAPCP) is set to unveil the Certified in Provider Compensation Valuation (CPCV) credential this summer. The news was announced at the AAPCP’s annual conference in Nashville April 26-28. A number of valuation professionals have already signed up for the training courses.
Valuers Run the Risk of Mismatching Inflation Assumptions
During a presentation in the United Kingdom, Nick Forrest (UK Economics Leader for PwC) made some observations that should resonate with business valuers worldwide. In the UK, the Bank of England established its target inflation rate of 2%, but inflation varies hugely from this target, even during noninflationary periods, depending on which factor an analyst uses.
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends June 2023
Business valuation news from a global perspective.
Damodaran Continues His Explosive Remarks About ESG
At the ASA Spring Fair Value Conference in New York City on May 4, we did not expect to hear any glowing words about the environmental, social, and governance (ESG) movement from Professor Aswath Damodaran (New York University Stern School of Business). In his blog, he has been very vocal in his strong criticisms of ESG as a “weapon of mass distraction” and a “gravy train” for consultants, investment managers, scoring/ratings providers, and those pushing for more disclosures.
What Should the Valuators Look for in Information Provided
A recent case in federal district court in New Mexico dealt with two motions to exclude a witness under the Daubert rules because the financial statements provided to the BV expert were not prepared under GAAP and were otherwise potentially inaccurate, such as relying on unaudited financial statements.
Kick-Starting a CPT Revenue Analysis for a Physician Practice
An example of how to get started on a Current Procedural Terminology (CPT) revenue analysis for an orthopaedic practice, including detailed background data on this type of practice.
Alerding Gives Some Insights Into AI and BV
Be cautious when using artificial intelligence for business valuation work, advises BVLaw editor Jim Alerding (Alerding Consulting). A few examples show that this tool is not yet ready for prime time.
Industry Updates for Firms Most Impacted by the Labor Shortage
The accommodation and food service sectors are especially feeling the pain of the current labor shortage, which can cause ripple effects on a valuation. Here are some recent updates for various firms in these sectors courtesy of the Vertical IQ industry research platform.
One of My Favorite Court Cases Reveals What Makes a Guideline Company—It’s a Classic
The very essence of the market approach is summed up in this court case that has stood the test of time.
How One BV Practice Helps Train Its Young Professionals
A BVR survey reveals that many valuation practices need to improve their training programs. Here’s an idea that one practice uses to develop their young practitioners continually.
It’s About Time: Webb on Fractional Interests in Real Estate
After more than 25 years of valuing nonmarketable interests in real estate, Dennis Webb (Primus Valuations) says that the single most important thing in this type of valuation is “time.”
BV News and Trends May 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends May 2023
Business valuation news from a global perspective.
Gamache v. Hogue
In a motion related to a lawsuit asserting ERISA violations under the ESOP plan for the defendants, including the Administrative Committee of Technical Associates of Georgia Inc. ESOP and certain individuals, the defendants moved to exclude the testimony and report of the plaintiffs’ expert, Jeffrey Krenzel. Krenzel was an “employee benefits lawyer” with 21 years’ experience, including eight years as a partner in a firm specializing in ESOP transactions. The court determined that Krenzel was qualified and that his opinions and report were reliable and helpful to the trier of fact.
U.S. District Court in Georgia Allows Testimony of Attorney as to ESOP Transaction Process for Employment Agreements
In a motion related to a lawsuit asserting ERISA violations under the ESOP plan for the defendants, including the Administrative Committee of Technical Associates of Georgia Inc. ESOP and certain individuals, the defendants moved to exclude the testimony and report of the plaintiffs’ expert, Jeffrey Krenzel. Krenzel was an “employee benefits lawyer” with 21 years’ experience, including eight years as a partner in a firm specializing in ESOP transactions. The court determined that Krenzel was qualified and that his opinions and report were reliable and helpful to the trier of fact.
FactSet_Review_2023_Excerpt
Book Excerpts
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Value Analytics—Financial Statement and Equity Data at Your Fingertips
Finding public comps for valuation purposes can be a challenge, requiring either a fair amount of digging or a considerable expense (and sometimes both). However, finding these data doesn't always have to be a struggle, thanks to Value Analytics. Let's take a closer look at how this platform makes things a little easier.
Notable takeaways from the NYSSCPA BV conference
BVWire attended last week’s annual New York State Society of CPAs’ Business Valuation and Litigation Services Conference, and—as usual—some very interesting and useful information was presented.
Important podcast: CMS talks Stark FMV
BVWire has learned that a CMS official will discuss the new definitions of fair market value under the updated regulations for the Stark Law (the federal physician self-referral law) on an upcoming podcast.
A small thing can ruin a job interview big time
Competition for BV talent is fierce, so the last thing you want to do is let a good candidate get away—and the slightest thing could do it.
Help us help the BV profession
Every business valuation firm or practice should want to know how to improve its operations, processes, and output.