Calculation report used in court but had no rival
Most valuation analysts will not use a calculation report in court. But what if the other side has nothing?
Business Valuation Update Yearbook, 2023 Edition
January 2023 PDF, Softcover (426 pages)
BVR (editor)
Business Valuation Resources, LLC
Court affirms calculation report in divorce case
A calculation of value is not the “gold standard,” but it is not unacceptable, an Arizona appellate court ruled in a divorce case.
Six things to know from the NJCPA BV conference
While we enjoy attending the major valuation conferences, we also look forward to attending local state CPA society conferences that focus on valuation.
Business Valuation Update Yearbook, 2022 Edition
January 2022 PDF (454 pages)
BVR (editor)
Business Valuation Resources, LLC
BV News and Trends December 2021
A monthly roundup of key developments of interest to business valuation experts.
Calculation of value at center of Arizona court battle
A court in Arizona rejected the use of a calculation report, but an appellate court ruled it was wrong to do that and sent the case back to the lower court.
Record attendance at VSCPA conference
Again this year, BVR was pleased to sponsor the two-day Virginia Society of CPAs Forensic and Valuation Services Virtual Conference, which saw record attendance, reports Harold Martin (Keiter), who served as chair of the conference planning task force.
Larchick v. Pollock
The trial court (TC) in this case excluded the evidence of a business valuation expert because he had submitted a calculation of value report and was then asked to testify to it. The expert self-admitted that he would not testify to a calculation of value and had explained in his engagement letter that a valuation engagement would be required for testimony. Despite the exclusion by the TC and the self-admission of the inadequacy of a calculation of value for testimony purposes, the appellate court nevertheless remanded the case in part to determine whether the calculation of value met the requirements of Arizona Rule 702 for allowable evidence.
Arizona Appeals Court Says a Calculation of Value Is Not Per Se Unacceptable
The trial court (TC) in this case excluded the evidence of a business valuation expert because he had submitted a calculation of value report and was then asked to testify to it. The expert self-admitted that he would not testify to a calculation of value and had explained in his engagement letter that a valuation engagement would be required for testimony. Despite the exclusion by the TC and the self-admission of the inadequacy of a calculation of value for testimony purposes, the appellate court nevertheless remanded the case in part to determine whether the calculation of value met the requirements of Arizona Rule 702 for allowable evidence.
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 Valuation Ethics
With valuation standards issued by AICPA, NACVA, ASA, and USPAP 2020-2021, it is easy to see how complying can be complex. Join Scott Saltzman to obtain a better understanding of the valuation standards that are applicable to you and those that may be applicable to an opposing expert. Any engagement can turn into a litigation matter so making sure you are crafting a complete compliant and competent report in accordance with your professional standards is ...
COVID-19 to Trigger More Requests for ‘Risky’ Calculation Reports, Expert Says
It’s a settled matter about whether calculation reports “can” be used, but “should” they be used is another issue. Veteran valuation expert Kevin Yeanoplos (Brueggeman and Johnson Yeanoplos PC) explores this concern in a session at the recent BVFLS conference sponsored by the Virginia Society of CPAs (VSCPA).
Calculations of value are admissible in divorce, Alabama appeals court confirms
About two years ago, in Rohling v. Rohling, an Alabama appeals court upheld a trial court’s decision to admit into evidence a qualified expert’s estimate about the value of the owner spouse’s business based on a calculation engagement.
BVU News and Trends November 2019
A monthly roundup of key developments of interest to business valuation experts.
Rohling the Dice With a Calculation Engagement
In a divorce case in Alabama. An appeals court affirmed the trial court’s acceptance of a calculation engagement. But the case does not represent a legitimate victory for calculation engagements as much as it represents a win by forfeit.
Some courts prefer back-of-the-envelope calculations, expert says
Although some appraisers are categorically opposed to calculation engagements, it is not unusual for courts to want a back-of-the-envelope calculation, a veteran BV expert says.
Calculation engagements receive mixed reactions from courts
If the appraisal profession is conflicted over the validity of calculation engagements, so are courts, as a brief review of court decisions on the BVLaw platform shows.
Calculation engagements headline NACVA Connecticut chapter conference
There was a lot of interest in the audience on calculation engagements, which was the lead-off presentation by Jim Alerding (Alerding Consulting LLC) at a full-day conference sponsored by the Connecticut chapter of the National Association of Certified Valuation Analysts (NACVA).
BVU News and Trends May 2019
A monthly roundup of key developments of interest to business valuation experts.
Should you assume your clients are totally clueless?
Amid the ongoing debate over the use of calculation reports (see prior coverage), the author of the original article that sparked the discussion made an intriguing point.
Calculation Engagements: Still Broken, Still Bad
A response to a rebuttal of the author’s previous article which strongly criticizes the use of calculation engagements.
Letter to the Editor: Calculation Engagements and USPAP
In response to the recent controversy over the use of calculation engagements. BVU recently published several articles on calculation engagements, and this letter is in response to those articles.
Valuation or Calculation: A Bad Appraisal Is Still a Bad Appraisal
A response to the recent controversy over the use of calculation engagements.
BVU News and Trends November 2018
A monthly roundup of key developments of interest to business valuation experts.