Exclusive survey reveals industry research sources of choice
IBISWorld and RMA are the two sources valuation experts cite most for industry research, according to a BVR exclusive survey.
What DLOM methods are now used the most?
Is there a consensus yet on the method to use for estimating a discount for lack of marketability (DLOM)? Find out by taking a short survey.
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.
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).
IRS addresses some concerns of valuators at Sec. 2704 regs hearing
IRS and Treasury officials on the hearing panel felt compelled to make a few remarks in response to the strong concerns of valuation experts, attorneys, wealth planners, and family business owners who testified.
Latest methodology and practices for DLOM examined
A blue-ribbon panel of experts review the primary DLOM methods and reveal new survey data on which methods valuators rely on most.
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.
Challenges of the legal cannabis industry highlight NYSSCPA symposium
The NYSSCPA sponsored the Marijuana Symposium: Business, Tax and Legal Implications, which included a discussion on the nuances of valuing a firm in this challenging industry.
Busy time for law firm M&A means appraisal ops
It was another busy year in 2016 for law firm M&As, according to a release from Altman Weil, which tracks this activity. BVR has a new installment in its series of What It’s Worth special reports: What It's Worth: Law Firm Value. This will help you better understand the special considerations when valuing a firm of this kind.
Damodaran updates data-rich cost of capital spreadsheets
Professor Aswath Damodaran (New York University Stern School of Business) has released new data posts and data sets updated for 2017 related to valuation and the cost of capital, including historical stock returns, implied equity risk premiums, country risk premiums, and more.
Free sample chart of accounts for a legal marijuana business
Listen to a free webinar on valuation issues with the legal marijuana industry and also get a free sample chart of accounts for a typical firm.
Michael Jackson estate valuation case features tainted image and tax affecting
BV experts take the stand in a high-stakes Tax Court case that pits the IRS against the estate of Michael Jackson.
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).
Comments wanted on simplified MUM for personal goodwill
What do you think of this method a valuation expert and forensic accountant uses for allocating goodwill between its enterprise and personal components?
Questions a judge will ask of a valuation expert witness
A new book not only gives judges and attorneys a reference guide of fundamental business valuation concepts, but it's also a refresher course for valuation experts, and it will help them prepare for court.
How the valuation approaches stack up for solar energy firms
Appraisers have to consider each of the valuation approaches, but the income approach is the only way to value a solar company, says a valuation expert in the industry.
Private firms' cost of equity estimates may surprise you
Results of the “2017 Private Capital Markets Report" from Pepperdine University Graziadio School of Business and Management. BVR is a research sponsor in Pepperdine’s efforts in developing a private cost of capital method as a legitimate alternative to looking to the public markets.
AICPA issues its first wave of CEIV credentials
The American Institute of CPAs (AICPA) has doled out its first batch of certifications for the new Certified in Entity and Intangible Valuation™ (CEIV™) credential for individuals doing fair value measurements.
Appraiser ducks penalty for undervaluation
A recent Tax Court case rejects an appraiser's valuation of an estate asset, and the undervaluation is enough to normally trigger penalties under IRC Section 6695A.
New fair value rules and performance standards highlight ASA event
New fair value regulations and the Mandatory Performance Framework (MPF) apply to everyone, not just holders of the new CEIV credential.
Help needed with academic research on Big Data
Please take a short, five-minute survey on the use of Big Data in forensic accounting in preventing and detecting fraud. The University of Memphis is conducting research.
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.
AICPA unveils new CVFI credential for financial instruments
Comments are due Sept. 26, 2017, on an exposure draft of a “disclosure framework” that establishes parameters of documentation requirements for the Certified in Valuation of Financial Instruments (CVFI) credential.
Bonding is a key valuation nuance for electrical contractors
The bonding process is very important for electrical contractors, especially in large metropolitan areas where they can’t work on certain jobs without being bonded.
Act now to KO controversial Section 2704 regs
Comments are due by Aug. 7, 2017 on an IRS notice that puts the proposed Section 2704 regs on the chopping block.