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.
Reminder: IRS has job openings for BV experts
The agency is looking to hire experienced business appraisers for 14 open positions at various U.S. locations.
Early-bird discount ends soon for NACVA’s conference December 14-16
There is a $100 discount if you register by November 30 to attend the NACVA “super” conference that will be December 14-16 in-person from two locations: Park City, Utah, and Fort Lauderdale, Fla.
Global BV News: KPMG releases cost of capital study
KPMG has published its “Cost of Capital Study 2022” that addresses the impact of high inflation on company valuations.
OECD releases final fiscal valuation guidance for crypto-assets
The Organization for Economic Cooperation and Development (OECD) has published the final Crypto-Asset Reporting Framework (CARF), which provides for the automatic exchange of information between countries on crypto-assets.
First-ever survey of young BVers gives rare insights
Preliminary results of a new survey confirm that most BV practitioners were not made aware of the profession in their early years.
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.
NACVA’s December conference has an á la carte option
You can pick just one session—or as many as you like—from the next NACVA “super” conference that will be December 14-16 in-person from two locations: Park City, Utah, and Fort Lauderdale, Fla.
Global BV News: Industry multiples in Europe decrease in 2Q22
Almost all sectors/industry groups presented in a recent Kroll report observed a decrease in their EV/EBITDA multiples during the second quarter of 2022.
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.
Global BV News: New CBV Insight on damages published
A new paper examines two damages approaches generally used in a disputed matter: reliance damages and expectation damages.
Court uses old transaction to value a dental practice
In a North Carolina divorce case, the wife’s stake in a dental practice was valued based on what she paid for it two years before she and her husband separated in 2015 (the valuation date).
Young BV Practitioners Speak Out About the Profession
You may be surprised at the comments from a panel of young valuation experts who were asked to give their perspectives on the profession at the recent Business Valuation and Financial Litigation Super Conference hosted by NACVA in Salt Lake City.
Recap of NACVA’s Summer 2022 ‘Super Conference’
Business Valuation Update traveled to Salt Lake City for the Business Valuation and Financial Litigation Super Conference hosted by the National Association of Certified Valuators and Analysts (NACVA). This is a recap of some of the sessions we attended. Several sessions deserved longer treatment, so we’ve devoted separate articles to them (also in this issue).
Global BV News and Trends October 2022
Business valuation news from a global perspective.
BV News and Trends October 2022
A monthly roundup of key developments of interest to business valuation experts.
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.
Koltin’s eye-opening remarks at the NACVA conference
Allan Koltin (Koltin Consulting Group) has served as an adviser and broker on many of the biggest M&A deals in the accounting space.
Global BV News: IVSC issues new paper on brand value
The International Valuation Standards Council (IVSC) has released the third in a series of perspective papers on intangible assets.
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.
The IRS to BV experts: We want you!
The agency is looking to hire experienced business appraisers for 14 open positions across the U.S., Gary Smith, IRS lead financial analyst, tells BVWire.
Prevailing expert comments on ‘moonshine’ case
In an earlier issue, we reported on an appellate court case involving the valuation of an owner’s one-third share in a Tennessee moonshine distillery (click here for the prior coverage).
Buccieri v. New Hope Realty, Inc.
This case arose out of a dispute between the surviving family and a trustee of the founders of New Hope Realty Inc. The parties could not agree on the management and operations of New Hope Realty. On July 7, 2020, a dissolution proceeding was commenced. The defendants elected to purchase the plaintiffs’ shares. Subsequently, the parties could not agree as to the fair value of the plaintiffs’ interest. The plaintiffs asked the court to determine the value. The court held hearings including testimony from expert witnesses from both parties and determined the fair value.
Court Determines Fair Value of 50% Interest in Real Estate Company—Parties Could Not Agree on Value
This case arose out of a dispute between the surviving family and a trustee of the founders of New Hope Realty Inc. The parties could not agree on the management and operations of New Hope Realty. On July 7, 2020, a dissolution proceeding was commenced. The defendants elected to purchase the plaintiffs’ shares. Subsequently, the parties could not agree as to the fair value of the plaintiffs’ interest. The plaintiffs asked the court to determine the value. The court held hearings including testimony from expert witnesses from both parties and determined the fair value.
Some Reasons to Value a Business
There are a lot of reasons as to why a business owner needs to do a valuation. Take a dive into one of these reasons with this preview from Chapter 3 of A Field Guide to Business Valuation.