BV News and Trends February 2023
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends January 2023
A monthly roundup of key developments of interest to business valuation experts.
Two AICPA fair value guides being revised
At last week’s ASA Fair Value Virtual Conference, several sessions focused on some revised versions of guidance from the AICPA.
BV News and Trends November 2022
A monthly roundup of key developments of interest to business valuation experts.
Huge turnout for the AICPA FVS conference
At 800 attendees, the AICPA & CIMA Forensic and Valuation Services Conference in Las Vegas was the largest event we’ve been to this year.
AICPA session reiterates request for comments on business combinations guide
A session at this week’s AICPA FVS conference discussed the recently released Draft Accounting and Valuation Guide, Business Combinations, which provides guidance and illustrations regarding the accounting and valuation considerations for business combination transactions.
Sessions we’re eyeing for next week’s AICPA FVS conference
BVWire will be at the AICPA & CIMA Forensic and Valuation Services Conference November 14-16, which will be live from the Wynn Las Vegas and Encore.
AICPA FVS conference offers a ‘select 7’ option
Almost 60 sessions are offered at the upcoming AICPA & CIMA Forensic and Valuation Services Conference November 14-16 in Las Vegas live and online.
Mercer Examines the State of the BV Profession
In a keynote address at the Business Valuation and Financial Litigation Super Conference hosted by the National Association of Certified Valuators and Analysts (NACVA), Chris Mercer (Mercer Capital) addressed the aging of the profession, consolidation, how the VPOs are adapting, and what the future might hold for valuation theory.
BVWire to cover the AICPA FVS conference November 14-16
BVWire is looking forward to the AICPA & CIMA Forensic and Valuation Services Conference November 14-16, which will be live from the Wynn Las Vegas and Encore.
Roundup of Recent and Planned Updates to Valuation Standards and Guidance
A recap for valuation experts, includes updated valuation standards charts, new planned guidance from the AICPA and The Appraisal Foundation, SEC rules, FASB projects, lease accounting, Rule 702, proposed legislation, and more.
Comments wanted on AICPA draft of business combinations guide
The AICPA seeks comments on its newly released Draft Accounting and Valuation Guide, Business Combinations.
AICPA releases draft of business combinations guide
The AICPA seeks comments on its newly released Draft Accounting and Valuation Guide, Business Combinations.
BV News and Trends April 2022
A monthly roundup of key developments of interest to business valuation experts.
AICPA bridges the VS 100-IVS gap
For those valuation experts who must comply with both the AICPA’s valuation standards (VS Section 100) and the International Valuation Standards (IVS), the AICPA has issued a “bridging” document.
AICPA recognizes several FVS professionals
The American Institute of CPAs recognized a number of professionals during its recent Forensic and Valuations Services (FVS) Conference in Las Vegas.
Mercer Predicts a Shakeout in the U.S. BV Credentialing Landscape
Intense competition will trigger a consolidation among the three business valuation credentialing organizations in the U.S., predicts Chris Mercer (Mercer Capital), speaking at the recent NACVA conference.
How many BV credentialed members are in the three U.S. VPOs?
The AICPA, American Society of Appraisers (ASA) and the National Association of Certified Valuation Analysts (NACVA) are the three main valuation professional organizations (VPOs) in the U.S. that issue business valuation credentials.
Alerding Gives an Update on BV Standards and Guidance
What have you missed in terms of new and updated standards and guidance? Find out from veteran valuation expert Jim Alerding (Alerding Consulting), who has been involved in the development of some of the key standards.
Business Combinations and Fair Value for Financial Reporting
Are you confused by business combinations? Join William Kennedy for this engaging session covering GAAP fair value standards and their application in business combinations. Hear a discussion of the nuances of the GAAP fair value standard and history of how it was developed as part of the GAAP-IFRS convergence project. Also learn how the valuation approaches and methods used in fair value assessment differ from valuation approaches used in a fair market value appraisal.
Updates to BV standards and guidance you should know
Constantly evolving, business valuation standards and guidance come from a variety of sources.
Review and Update of BV Standards and Guidance—What You Need to Know
Valuation standards and guidance areas of business valuation are constantly expanding and being updated. The increase in business valuation worldwide has had a lot to do with this expansion, as has the increase in valuation within financial statements worldwide. Jim Alerding will explore the current status of business valuation standards and other guidance documents, including new standards and new areas of discussion and guidance concerning business valuation. The program will provide the attendee with information ...
Professional Standards for Certified Public Accountants, Economists, and Other Financial Experts
Financial experts may be subject to standards of professional practice from a number of sources when they measure lost profits damages and give related expert testimony. The sources can include governmental regulators as well as professional membership organizations and societies. In addition, a technical community may establish professional standards of practice in other ways.
Tips and Techniques for Detecting Misrepresentations in Business Interruption Claims
Business interruption insurance claims are on the rise, and analysts need to be on the lookout for misrepresentations. Michael Haugen, CPA, CFF, CFE (JS Held) conducted a session on this at the recent AICPA FVS Conference, and it’s an area where valuation experts would do well to bolster their knowledge and skills in financial forensics. During his session, Haugen gave some tips on how to “sniff out” misrepresentations in these claims. In the recent Business Valuation Update (BVU) article, “14 Ways to Detect Misrepresentations in Business Interruption Claims,” Haugen classifies specific techniques to detect misrepresentations in business interruption claims.
BVU News and Trends March 2021
A monthly roundup of key developments of interest to business valuation experts.