Shares and Assets Valuation Fiscal Forum requests agenda topics for February meeting
The next SAV Fiscal Forum will be held on Tuesday, 25 February 2020, commencing at 1 p.m.
Do business valuers need to reduce their profit forecasts due to an IFRS 16 ‘headwind’?
IFRS 16, now in effect, has been called many things, and an excellent new analysis by The Footnotes Analyst supports a new conclusion: Lease-heavy companies may increasingly see their profits suffer as they comply, particularly if lease liabilities are inflation-linked.
FASB delays several sets of accounting standards
The FASB has voted to delay the effective dates for private companies and certain other entities for the standards on accounting for leases, credit losses (known as CECL), and hedging.
New lease accounting standards create overlooked challenges for business valuation professionals
Most of the analysis of the IASB’s IFRS 16 rule on lease accounting, which went into effect in January 2019, has been from the audit and accounting side.
UK perspectives on OECD’s upcoming transfer pricing harmonisation efforts
‘Some jurisdictions have acted unilaterally, some have made failed attempts, while some have adopted a “wait and see” approach,’ the current issue of Bloomberg BNA’s Transfer Pricing Forum says.
IVS update includes guidance for complex capital structures
For the first time, the International Valuation Standards (IVS) include guidance for valuers whose engagements require that the entire enterprise value be allocated across various classes of economic or control rights.
Deloitte puts further reliance on IVS
The Big Four firm has contributed financial and staff support to IVSC since the organisation was founded, but now it’s aligning professionally with the need for harmonised standards in the form of the IVS.
Global BV News: Two reports examine valuation impact of new IFRS 16 lease accounting
Equity values should remain unchanged, but enterprise values increase under IFRS 16 lease accounting rules, which went into effect Jan. 1, 2019, for many companies, according to two new reports from KPMG and Deloitte.
New FASB philosophy staggers effective dates
The Financial Accounting Standards Board (FASB) has outlined a new philosophy under which it plans to extend and simplify effective dates for private companies, smaller public companies, not-for-profit organizations, and employee benefit plans.
Next update for IVS 2017 becomes effective 1 January 2020
Business valuers who comply with the IVSC’s International Valuation Standards (IVS) will have a new update effective the end of the year.
Current news on the business valuation profession in the UK
Business Valuation Resources (BVR) recently launched a free ezine that follows the business valuation profession and its expanding role in regulatory, fiscal, contentious, and compliance valuations in the United Kingdom.
European real estate valuers continue the process of creating new EU business valuation standards
UK business valuers who are already members of (or well familiar with) RICS, might get a sense of deja vu from the news that The European Group of Valuation Associations (TEGoVA) held the first meeting of the business valuation standards committee in Dubrovnik last week.
New IVS business valuation guidance on nonfinancial liabilities on schedule for next month
‘Nonfinancial liabilities is one area where very little if anything has been published by any other valuation body,’ says Andreas Ohl, chair of the IVSC Business Valuation Board.
First meeting in international financial instruments valuation board held in London
Various efforts to set standards for the valuation of financial instruments have been attempted, but ‘investors, regulators, chartered accountants, and the banks are unified since the last financial crisis,’ says Gavin Francis, HSBC’s chief accounting officer in London and past technical director of the IASB.
Brand valuation consultancy joins the IVSC
Brand Finance became the first brand valuation consultancy to join the International Valuation Standards Council (IVSC).
USPAP updates explained in free webinar on May 22
The Appraisal Standards Board of The Appraisal Foundation recently published the Summary of Actions, which is an overview of the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
ASB unanimously adopts 2020-21 USPAP
The Appraisal Standards Board, an independent board of The Appraisal Foundation, adopted unanimously the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
ASB to discuss 2020-21 USPAP April 5
On April 5, the Appraisal Standards Board (ASB) will lead a discussion about the fourth exposure draft proposals for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
Business Valuation Update Yearbook, 2019 Edition
February 2019 PDF
BVR (editor)
Business Valuation Resources, LLC
USPAP 2020-21 second exposure draft issued
The Appraisal Standards Board has issued a Second Exposure Draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
USPAP cited in IRS final regs on donations
The Internal Revenue Service (IRS) has issued final regs on valuing charitable donations that specifically cite the Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal Foundation.
New Analyses Reveal U.S. and Global BV Standards All in Sync
The different sets of U.S. business valuation standards do not conflict with each other, according to an updated tale-of-the-tape chart NACVA released. It also released an international standards chart that compares the standards from the IVSC, RICS, and the CICBV that comes to the same conclusion.
New BV standards charts reveal no conflicts
The different sets of U.S. business valuation standards do not conflict with each other, according to an updated tale-of-the-tape chart released by NACVA.
USPAP 2020-21 exposure draft issued
The Appraisal Standards Board has issued a First Exposure Draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
BV standards and the black box
In an interview, Leigh Miller, EY’s global valuation leader, was asked whether a link needs to be made between business valuation standards and the emergence of automation in valuation.