Business Valuation Year in Review 2017
It was another eventful year for the business valuation profession, and here’s a wrap-up of notable developments of 2017.
IACVA rebrands itself as IACVS
IACVA will become IACVS, the International Association of Certified Valuation Specialists, to better represent the efforts and goals of the organization.
Editor's Column
As this issue goes to press, tax reform is still taking place in Washington, DC. It will be interesting to see how tax reform affects our profession.
From the Chair
The Tax Cuts And Jobs Act became effective on January 1, 2018 and will likely impact the value of various entities and intangible assets. This may necessitate changes in our practice application to value these entities and assets.
Award recipients at the AICPA FVS conference in Las Vegas
Top volunteers and young professionals were honored at the AICPA’s 2017 FVS Conference November 13-15 at Caesar’s Palace in Las Vegas.
ASA BVers convene in Houston for the Advanced BV Conference
The conference sessions were an excellent mix of theory and practice—ideas that you can use in your practice right away.
Editor's Column
I hope those of you who were able to attend the conference in Houston benefited from it. In case you didn’t notice, the presenters have achieved prominence in our profession by specialization. They may be able to do most things well, but they also have high levels of expertise in some area. In my own firm, the most successful people are those who have technical expertise or industry expertise.
From the Chair
I enjoyed seeing many of you at the Advanced Business Valuation Conference in Houston. Despite hurricane Harvey’s efforts to slow us down, the conference was a great all-around success.
BVWire Movers: Mize Houser's new brand, BeachFleischman's new shareholder, Sedgwick's new practice group
Here's a summary of the latest business valuation professional and firm news, originally published in Issue #178-2 of BVWire.
BVMovers: Grant Thornton fills up in Philly, promotions at LBMC, mergers galore
A list of the latest business valuation professional and firm news, originally published in Issue #178-1 of BVWire.
New analysis reveals different BV standards do not conflict
A casual observer may look at the various business valuation standards different organizations issue and get the idea that they are at odds with each other. But that is not the case.
BV Movers: Walthall's win, BST's acquisition, and more milestones
Here's a roundup of the latest business valuation professional and firm news, originally published in Issue #174-5 of BVWire. Liz Moreau, a partner at Broussard Poché, headquartered in Crowley, La., has become a Certified Healthcare Financial Professional. Lougen Valenti Bookbinder & Weintraub of Amherst, N.Y., has hired Thomas Schwartz as valuation manager.
BV Movers: Jane Steinmetz makes history, Prager Metis makes a new company, UHY returns to the Lone Star State
A summary of the latest business valuation professional and firm news, originally published in Issue #174-3 of BVWire.
Damodaran puts high value on narrative
"In a good valuation, the numbers are bound together by a coherent narrative, and storytelling is kept grounded with numbers," says Dr. Aswath Damodaran (Stern School of Business, New York University).
BV Movers: Stout buys FMV, Murphy appoints new CEO, BerryDunn opens a Phoenix office
Here's a roundup of the latest business valuation professional and firm news, originally published in Issue #174-2 of BVWire.
BV Movers: CRI acquires, RKL hires, Economics Partners expands into Utah
Here's a summary of the latest business valuation professional and firm news, originally published in Issue #174-1 of BVWire.
BV Movers: Crowe Horwath's honors, Armanino's acquisition, ESOP expert's new firm
A wrap up of the latest business valuation professional and firm news, originally published in Issue #173-4 of BVWire.
BV Movers: Grant Thornton’s expansion, CBIZ Tofias’ promotion, EisnerAmper’s awards
Announcements for firms and people involved in business valuation. Originally published in Issue #173-3 of BVWire.
Comments due January 27 on third exposure draft of USPAP 2018-19
The issues under consideration include the definition of report and communication of assignment results. There’s also a proposed revision of the definition of appraisal review, as well as splitting the existing Standard 3 into two standards.
AICPA Tips for Testifying Experts
Appraisers working on litigated disputes face special challenges. Several workshops at the recent AICPA conference in Nashville provided insights and survival tips that benefit both the seasoned financial expert witness and the upstart.
AICPA honors healthcare expert Mark O. Dietrich
Healthcare valuation expert Mark O. Dietrich, CPA/ABV, has been honored for his career contributions to the profession at the AICPA 2016 Healthcare Industry Conference in Nashville.
Challenge to new Section 2704 regulations is shaping up
The accounting, valuation, and legal professions are hard at work to defeat the Treasury Department's proposed Section 274 regulations. The new regs would curtail, if not entirely eliminate, valuation discounts in family-controlled entities.
Fledgling BVers to compete in Fifth Annual Business Valuation Challenge
College students from across the country will compete in the upcoming Business Valuation Challenge hosted by Georgia State University. There are 24 first-come-first-serve slots, and registrations are due September 15. BV firms can sponsor students, and it's a great place for you to scope out new talent.
FVQI exposure drafts comment period extended to August 24
You now have until August 24 to comment on two important exposure drafts that relate to the ongoing fair value quality initiative (FVQI) designed to improve financial reporting valuations for U.S. publicly traded companies.