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A fifth exposure draft of USPAP is in the works
Based on feedback to the fourth exposure draft of USPAP, a fifth exposure draft will be issued, according to a statement from The Appraisal Foundation (TAF).
Business Valuation Update Yearbook, 2023 Edition
January 2023 PDF, Softcover (426 pages)
Business Valuation Resources, LLC
Accounting standards needed for crypto, urges paper
“We recommend that accounting regulators undertake standard-setting specifically for cryptocurrencies instead of allowing companies to choose which existing standard to apply and how to do so,” says a new paper, “Financial Reporting for Cryptocurrency.”
Proposed USPAP Changes Focus on Bias
The Fourth Exposure Draft of proposed changes to USPAP is now available for review and comment (click here to access the draft).
New FASB rules on crypto coming in first half of 2023
Under proposed accounting rules, fungible tokens will be measured at fair value as opposed to the cost (less impairment) model.
Beware of Meme Stocks
Starting at the end of 2020 and continuing through 2021, numerous publicly traded companies saw their shares became “meme” stocks often related to trading activity sourced to the Reddit board WallStreetBets. Most market observers think of the GameStop Corp (NYSE: GME) saga as the most infamous example of a meme stock, but many other stocks have been come to be known as meme stocks. If not careful, appraisers can encounter issues in both the income ...
International Valuation Glossary — Business Valuation
Business valuation providers and users benefit from common understanding of terms with clearly established meanings and consistent application throughout the profession. To this end the following societies and organizations have worked collaboratively to compile definitions for the terms included in this Glossary.
Future editions of USPAP will have no end date
The current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one additional year, according to an announcement from The Appraisal Foundation’s Appraisal Standards Board (ASB).
Third exposure draft of USPAP released
During a recent BVR webinar that gave an update on valuation standards and guidance, Jim Alerding (Alerding Consulting) noted that a third exposure draft of USPAP was issued July 26 (available if you click here).
NACVA releases updated comparison charts of BV standards
The different sets of U.S. business valuation standards are compared in an updated chart (click here) the National Association of Certified Valuators and Analysts (NACVA) released.
The Appraisal Foundation issues 2021 annual report
The following are a few items of particular interest to business valuers in The Appraisal Foundation’s annual report for 2021.
Stout releases guide to ASC 842
Accounting Standard Codification (ASC) 842 is the new lease standard, and Stout has released a guide designed to give practical guidance and key takeaways from their experience with both public- and private-company adoptions.
Do BV Standards Have Any 'Value' in Court?
Do business valuation standards have any value in court? Our legal editor shares insights gleaned from several cases on just this topic.
Hitchner’s advice on which BV glossary to follow
In his latest issue of Hardball With Hitchner, Jim Hitchner (Financial Valuation Advisors) commends the “fine work” done on the 2021 International Valuation Glossary—Business Valuation.
International Valuation Glossary—Business Valuation
Business valuation providers and users benefit from common understanding of terms with clearly established meanings and consistent application throughout the profession. To this end the following societies and organizations have worked collaboratively to compile definitions for the terms included in this Glossary ...
AICPA bridges the VS 100-IVS gap
For those valuation experts who must comply with both the AICPA’s valuation standards (VS Section 100) and the International Valuation Standards (IVS), the AICPA has issued a “bridging” document.
Final Version of Global Business Valuation Glossary Released
The International Valuation Glossary—Business Valuation has been completed, and a final version has been released. The prior glossary (from 2001) needed an update because new terms have gained traction and become more popular in the market and in practice.
Free replay of Kroll’s Alternative Investments Conference 2021
Hot-button global valuation and regulatory issues facing alternative asset managers and investors were among the topics discussed at Kroll’s 15th Annual Global Alternative Investments Virtual Conference.
Business Valuation Update Yearbook, 2022 Edition
January 2022 PDF (454 pages)
Business Valuation Resources, LLC
New BV glossary’s title sets stage for more to come
The newly revised glossary of business valuation terms (see last issue’s coverage) also has a new title: International Valuation Glossary—Business Valuation.
Working group comments on new global BV glossary
A video has been posted that includes members of the working group that developed the International Valuation Glossary—Business Valuation, a revised version of a prior glossary published in 2001.
Final version of global BV glossary released
The International Valuation Glossary—Business Valuation has been completed, and a final version has been released.
Updates to BV standards and guidance you should know
Constantly evolving, business valuation standards and guidance come from a variety of sources.
Current USPAP extended for one year
The Appraisal Foundation’s Appraisal Standards Board (ASB) announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year.
Massive Overhaul of Global BV Glossary in the Works
A major revision is being planned for the International Glossary of Business Valuation Terms, and the team preparing the new glossary wants feedback by January 31 on the proposed changes. The revision would double the size of the glossary by adding over 120 new terms and methodologies to the existing glossary, which has been integrated into the various valuation standards.