Global BV News: Recordings available of free webinar series from the IVSC
Kroll has been sponsoring a series of webinars presented by the International Valuation Standards Council (IVSC) that started June 2 and runs through June 27.
ASA announces keynote for its annual conference
The state of the current—and future—economy is more important than ever for valuations, so the American Society of Appraisers has lined up a top-notch keynote for its 2022 ASA International Conference, September 10-12 in Tampa, Fla., and virtually.
CPA firms continue to have trouble finding staff
Historically, “finding qualified staff” has been a leading concern of all CPA firms other than sole proprietors, and that held true to a large degree this year, according to the “2022 PCPS CPA Firm Top Issues Survey” unveiled during the recent AICPA ENGAGE Conference in Las Vegas.
Global BV News: New edition released of Business Analysis and Valuation: IFRS
Cengage has released the 6th edition of Business Analysis and Valuation: IFRS Edition in the educational market.
Global BV News: CBV Institute launches LinkedIn page for students
The Chartered Business Valuators Institute (CBV Institute), Canada’s valuation professional organization (VPO), has just launched a CBV Program of Studies LinkedIn showcase page.
Husband shuns BV expert, loses case
In a Pennsylvania divorce case involving a restaurant, neither the husband nor the wife submitted formal business appraisals.
In Re S-Tek 1, LLC
The debtor, S-Tek 1 LLC, submitted a motion to value to the Bankruptcy Court to determine the value of the collateral of Surv-Tek Inc. as to debt owed it by the debtor pledged as collateral for debt owed by S-Tek to Surv-Tek. The valuation was to be used in the confirmation of a Chapter 11 reorganization of S-Tek. The court used the replacement value standard of value instead of the “ongoing concern” value since the replacement value provided a value greater than the “enterprise value” (i.e., ongoing concern value).
Bankruptcy Court Uses the ‘Replacement Value Standard’ as It Determines That Debtor ‘Enterprise Value’ Is Lower and Inappropriate
The debtor, S-Tek 1 LLC, submitted a motion to value to the Bankruptcy Court to determine the value of the collateral of Surv-Tek Inc. as to debt owed it by the debtor pledged as collateral for debt owed by S-Tek to Surv-Tek. The valuation was to be used in the confirmation of a Chapter 11 reorganization of S-Tek. The court used the replacement value standard of value instead of the “ongoing concern” value since the replacement value provided a value greater than the “enterprise value” (i.e., ongoing concern value).
Morrison cautions appraisers regarding automation
Blind reliance on automated tools for business valuation is a danger, says past ASA international president Bob Morrison, FASA, who spoke on a recent webinar on the future of the valuation profession.
ASA announces election results
The American Society of Appraisers has announced the results of its 2022-23 elections for the new international officers, discipline governors, discipline committee officers, appraisal review management discipline, and members-at-large.
Global BV News: EY releases global transfer pricing guide
The EY Worldwide Transfer Pricing Reference Guide 2020-2021 is designed to help identify transfer pricing rules, practices, and approaches.
No deduction for tax in shareholder buyout
In a North Dakota partnership dissolution case, the defendants argued on appeal that the district court erred in its valuation.
Comments on an Article on Attracting More Practitioners to BV
An article in last month’s Business Valuation Update discussed the need to make business valuation a more recognized career path. This article includes some very thoughtful comments by Dr. Michael A. Crain, CPA/ABV, CFA, CFE, an academic and practitioner.
BV News and Trends May 2022
A monthly roundup of key developments of interest to business valuation experts.
Global BV News and Trends May 2022
Business valuation news from a global perspective.
Highlights from the NYSSCPA BV conference
BVWire attended the New York State Society of CPAs’ Business Valuation and Litigation Services Conference, and—as always—it was an excellent event.
iiBV reaching out to young potential BVers
The International Institute of Business Valuers (iiBV) has launched a campaign to interest younger individuals and university students in a career in valuation.
Comments due tomorrow on TAF exposure draft
Comments on the exposure draft, Understanding the Differences: Conclusion of Value v. Value Calculations, are due May 26.
NACVA announces its ‘super conferences’ schedule
Fort Lauderdale, Fla., in December? Sounds good to us!
Global BV News: May 30 deadline to attend the CBV Congress June 6-7
A strong program is being offered at the CBV Congress 2022, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter.
Global BV News: New methodology for tax valuation of unlisted shares in Switzerland
The application of different valuation bases has a significant impact on the wealth tax value of unlisted shares in Switzerland, according to an article from KPMG.
Leadership change in BVR Training
BVR wishes Jared Waters all the best in his new endeavor as a business owner and welcomes our new training director, Debbie Goldfarb, to our leadership ranks.
Appeals court vacates going-concern valuation for firm being wound down
In an Arizona divorce case, the couple owned a business that was being phased out.
Study says there is ‘clear evidence’ of bias among BV experts
Researchers say they have found “clear evidence for the existence of … engagement bias” in valuation professionals who were assigned randomly to perform valuation tasks on behalf of a buyer or a seller.
Reminder: Comments due on TAF exposure draft
Comments on the exposure draft, “Understanding the Differences: Conclusion of Value v. Value Calculations,” are due May 26.