Jam-packed agenda for ASA’s Advanced BV Conference
Valuation experts rely on empirical data, so here’s some for you: three days, 84 sessions, 98 speakers, two general sessions, five special networking events—plus you’re within walking distance of Disneyland!
New survey reveals overwhelming criticism of AICPA's ABV change
The vast majority (94%) of almost 2,000 respondents to a survey say they disagree with the AICPA’s decision to open up the ABV credential to non-CPAs (see prior coverage).
AICPA members kept in dark about pending ABV change
The July 4th holiday is over, but the fireworks continue in the controversy surrounding the ABV credential.
Registration open for AICPA’s annual FVS conference
Start planning now to attend this year’s AICPA Forensic & Valuation Services Conference November 5-7 in Atlanta.
Last chance to take survey on growing controversy over the ABV credential
Leading members of the CPA/ABV community ask that you take a survey on the AICPA’s decision to open up the ABV credential to non-CPAs. The survey will be closed soon, so please make your voice heard on this important matter.
From the Chair
Greetings! It’s always a little challenging to provide timely comments in this column because it is written a few weeks prior to publication. Please forgive me for updating you from the perspective of early June 2018.
Editor's Column
We’ve made it through the changes in tax laws and the changes in our models and the busy season, and summer is now upon us.
Make your voice heard in the AICPA ABV controversy
Leading CPA/ABVs are asking that you give your opinion on the recent decision by the American Institute of Certified Public Accountants (AICPA) to allow non-CPAs to be eligible for the Accredited in Business Valuation (ABV) credential (see prior coverage).
AICPA’s move to allow non-CPAs to get ABV sparks strong reaction
A number of prominent CPA/ABVs are urging the AICPA to reconsider a recent decision by its governing board to allow non-CPAs to be eligible for the Accredited in Business Valuation (ABV) credential. Please take a survey and give your thoughts.
AICPA’s move to allow non-CPAs to get ABV sparks strong reaction
An Open Letter to the American Institute of Certified Public Accountants (AICPA) urges it to reconsider a recent decision by its governing board to allow non-CPAs to be eligible for the Accredited in Business Valuation (ABV) credential.
Registration opens for ASA Advanced BV Conference
You can now register for the Joint ASA 2018 Advanced Business Valuation and International Appraisers Conference being held in Anaheim, Calif., on October 7-10.
Editor's Column
Tax reform is a historical fact, and it has impacted our valuation models. To address this topic, Business Valuation Review issue 37.1 has two articles.
From the Chair
As if we weren’t busy enough, we now have a second job: figuring out all the ways that our valuations (and models) are affected by H.R. 1 (aka the Tax Cuts and Jobs Act). Read on to learn about two ways the ASA is here to help.
AMERICAN SOCIETY OF APPRAISERS: Business Valuation Committee Special Topics Paper #4: The “Willing Buyer” and the “Willing Seller” in Fair Market Valuea
The International Glossary of Business Valuation Terms, June 2001, developed jointly by the American Institute of Certified Public Accountants, American Society of Appraisers, Canadian Institute of Chartered Business Valuators, National Association of Certified Valuation Analysts, and Institute of Business Appraisers, defines fair market value as “The price, expressed in terms of cash equivalents, at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting at ...
From the Chair
Hello, ASA members, and thank you for electing me as your chair of the Business Valuation Committee (BVC) for the next two years. As a volunteer, I’ve been active in the BVC for about a decade now.
Editor's Column
Recently, I’ve been analyzing restricted stock data with some colleagues at California State University Northridge, Professors Monica Hussein and James Dow, to better understand how various factors relate to discounts. The primary analytical methodology is a multiple regression, where we regressed restricted stock discounts on a variety of variables to find out what factors are statistically significantly related to the discounts. For comparison purposes, we also performed univariate regressions of discounts on one variable.
From the Chair
Hello again! Time certainly goes by fast, and this is my last letter as Chair of the Business Valuation Committee. Thank you for the opportunity to serve.
AMERICAN SOCIETY OF APPRAISERS: Business Valuation Committee Special Topics Paper #3: The Use of Management's Prospective Financial Information by a Valuation Analyst
According to AICPA Professional Standards: AT Section 301 Financial Forecasts and Projections, “financial forecast is the prospective financial statements that present, to the best of the responsible party's knowledge and belief, an entity's expected financial position, results of operations, and cash flows. A financial forecast is based on the responsible party's assumptions reflecting the conditions it expects to exist and the course of action it expects to take.” In order for a valuation analyst to ...
Editor's Column
Recently, I reviewed a valuation report with a sensitivity analysis matrix. Such a matrix is a common feature in valuation reports.
Editor's Column
A rundown of the articles included in the Winter 2016 issue of ASA Business Valuation Review.
From the Chair
From the Chair William A. Johnston, ASA Hello again! Things continue to be busy in the valuation profession in 2017. Let me update you on a few things going on. Fair Value Quality Initiative - CEIV TM Credential By the time this publication is printed, the new public company credential will have been launched. The three Valuation Profession Organizations (VPOs) involved with this effort have reached the point where they are prepared to offer the ...
Recap of the IACVA/SECBA Atlanta conference
A few takeaways from Business Valuation in an Upside Down World, a two-day event co-sponsored by the Southeast Chapter of Business Appraisers (SECBA) and the International Association of Consultants, Valuators and Analysts (IACVA).
AICPA names new Forensic and Valuation Services committee chairs
Annette Stalker (Stalker Forensics) has been appointed as chair for the AICPA’s Forensic and Valuation Services Executive Committee; Michael Fahlman (Berkeley Research Group LLC) will chair the Forensic and Litigation Services Committee; and Nathan DiNatale (SC&H LLC) will assume the chair for the Business Valuations Committee.
From the Chair
From the Chair William A. Johnston, ASA Hello again, everyone! Things continue to be busy in the valuation profession. Let me update you on a few things going on. Fair Value Quality Initiative—CEIV e Credential By the time this issue is printed, it is possible that this new public company credential will have been launched. The three valuation profession organizations (VPOs) involved with this effort continue to move forward and are reaching the point ...
Editor's Column
The Business Valuation Committee of the ASA and Business Valuation Review are beginning a series of Technical Papers, Special Topics–Technical Papers. These Technical Papers represent recommended best practices on special topic valuation issues. They have been reviewed and approved by the Business Valuation Committee of the ASA.