Reminder: IRS is hiring a flock of BV experts
Honolulu; Palm Springs, Calif.; Las Vegas; Orlando, Fla.; and even the Bronx, N.Y., are just a few of the 249 locations for which the IRS is hiring 31 business valuation experts, according to a job announcement, which is available if you click here.
Global BV News: Comments sought on Saudi bank valuation rules
The Saudi Central Bank (SAMA) seeks public opinion on the draft rules for the valuation of “systematically important” financial institutions.
BV movers . . .
Archita Shah, CPA, CVA, CFF, has joined Morones Analytics (Portland, Ore.).
CPE events
Is There or Isn’t There Goodwill: Expert Disagreements, March 28, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Josh Shilts (Shilts CPA PLLC). CPE credits: 2.0.
COLI valuation case now on SCOTUS’ calendar
March 27 is the date the U.S. Supreme Court will hear arguments in the Connelly case, according to the court’s calendar.
Expert’s critique of opposing valuation gets excluded
In a Tennessee damages case, the defense engaged a valuation expert to do two things: (1) critique the valuation report of the opposing side; and (2) offer his own estimate of damages.
How BV firms are coping with remote workers
Early results from our latest “Two-Minute Practice Builder” survey reveal that the vast majority of BV firms are on a hybrid work arrangement, i.e., some staff in-office and some working remote.
Kroll examines the staffing industry
Here are a few insights on the North American staffing and human capital industry from Kroll.
A lot of musing going on
Some thought leaders in the business valuation profession are shaking things up with their musings.
New issue of ASA’s BV Review added to BVResearch Pro
Among many other resources, the BVResearch Pro platform contains the full archive of the Business Valuation Review going back to 1982.
Good deal of interest in new option-based DLOM calculator
We were happy to see the number of readers who were interested in trying out an online calculator for estimating a discount for lack of marketability (DLOM) we announced last issue.
Global BV News: Registration open for CBV Connect June 20-21
CBV Connect 2024, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter, will be held at The Bonaventure in Montreal.
BV movers . . .
Derek Kearns, CPA, a partner at Philadelphia-based Centri Business Consulting LLC, has been named the firm’s SEC Financial Reporting Practice Leader.
CPE events
Harvesting Knowledge: The Valuation of Wineries (A BVR Workshop), March 21, 10:00 a.m.-1:40 p.m. PT/1:00 p.m.-4:40 p.m. ET. Featuring: Joseph Orlando (Exit Strategies Group) and Bradford MacLane (MacLane & Co.). CPE credits: 4.0.
What’s in the April 2024 issue of Business Valuation Update
Here’s what you’ll see.
Rule 702: Changes? What Changes?
The new version of Rule 702 went into effect on Dec. 1, 2023. Now we have our first look at how the U.S. circuit courts (at least one of them) might look at the changed rule.
From the Chair
It amazes me how quickly time seems to pass these days. Occasionally, I try to pause to simply appreciate the moment, especially given the pace of our work and our lives in this virtual world that we have evolved to be living in.
Letter to the Editor from the Immediate Past Chair
As my executive terms come to an end with the Business Valuation Resource Panel (BVRP) of the Appraisal Foundation (TAF), I would like to introduce BVR readers to this little-known powerhouse of a committee and the opportunities it provides for them to serve our valuation community in some significant ways.
Letter to the Editor
I am writing because I see several things that concern me about our business valuation (BV) profession. I offer some thought-provoking remarks that hopefully induce a reaction from the journal’s readership.
Midyear or End of Year Present Value Factors? Clues from Valuation in Discrete and Continuous Time
This article addresses whether appraisers should be using midyear or end-of-year present value factors. Although this is a topic that other authors and I have addressed, this article has some unique and novel approaches to the topic. The mathematics in this article accounts for cash flow growth within and between years rather than between years only, as others have modeled. We model in both discrete and continuous time, with discrete time in multiple time frames ...
On Improving Estimation of Co-Movements in Stochastically Correlated Inputs in Monte Carlo Simulations
This article introduces the use of the Gerber statistic when performing a Monte Carlo simulation for cases when two or more random inputs are correlated. When interdependent random variables violate certain standard assumptions required for use of the traditional historical Pearson correlation matrix, the Gerber statistic can provide a better estimate of correlation and, consequently, of the value of the subject asset. This article examines the strengths and weakness of the Gerber method relative to ...
From the Editor
It is that time of year to give thanks, and I would like to take this chance to thank all of those who make the Business Valuation Review possible.
What to do about the dwindling real estate DLOC database
During the recent BVR Power Panel webinar, a question came in from the audience: What are your thoughts about using the 2022 Partnership Profiles data until the company produces a more up-to-date report?
Interested in more support for your DLOM?
There have been some rumblings in the business valuation profession about the validity of the traditional ways to estimate a discount for lack of marketability (DLOM).
How AI can impact healthcare valuations
It’s very unlikely that AI will replace physicians (that’s good news!), points out an interesting article, “Generative AI in Healthcare: Valuation Considerations,” by Todd Zigrang and Jessica Bailey-Wheaton, who are both with Health Capital Consultants.