Finishing touch put on the CEIV credential program
The Quality Monitoring (QM) program for the Certified in Entity and Intangible Valuations (CEIV) credential has been finalized.
Should business valuation be more sensitive to market pricing?
BVWire—UK has been privy to a number of conversations recently with leaders from valuation professional associations around the globe.
BVU News and Trends November 2019
A monthly roundup of key developments of interest to business valuation experts.
Auditors to increase focus on quality of work of valuation experts
In its new standard concerning the use of specialists, the Public Company Accounting Oversight Board (PCAOB) wants auditors to move away from a checklist mentality and use more professional judgment.
New resources amass regarding valuing financial instruments
The valuation profession is responding to the concerns by financial regulators and others around the world about the quality and consistency of financial instrument valuations.
Disconnect in thoughts on PCAOB performance
The Center for Audit Quality (CAQ) reports that 83% of U.S. retail investors are confident that public-company auditors are effective in their investor protection roles, according to its 2019 Main Street Investor Survey.
Possible Change to Goodwill Model Generates Buzz at ASA Fair Value Conference
Unless there’s strong opposition, it appears likely that the FASB will ease the rules that currently require public companies to test annually for goodwill impairment, a process that has become so complex that the costs may be outweighing the benefits.
Timeline Reveals Advances in Building Trust in Fair Value for Financial Reporting
Business Valuation Update attended the recent RICS Business Valuation Symposium in New York City, during which speakers gave an overview of developments in fair value for financial reporting. One session presented a timeline that strikingly illustrates the remarkable advances the profession has made in this area of practice.
BVU News and Trends August 2019
monthly roundup of key developments of interest to business valuation experts.
PCAOB issues new guidance on fair value
The Public Company Accounting Oversight Board has issued four documents that provide guidance on the new requirements for auditing accounting estimates and the auditor’s use of a specialist, which includes valuation experts.
AICPA releases final PE/VC guide
The AICPA has released the final version of a new accounting and valuation guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies, which provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments investment companies hold within the scope of FASB ASC 946.
BVU News and Trends September 2019
A monthly roundup of key developments of interest to business valuation experts.
CEIV logjam continues
Upwards of 150 individuals have earned the Certified in Entity and Intangible Valuations (CEIV) credential so far, but many more individuals have either enrolled in the program (630 actual enrollees but up to an estimated 800 individuals) or have inquired but not yet enrolled (three to 500 individuals), according to speakers at the recent ASA/USC 14th Annual Fair Value Conference in Los Angeles.
BVU News and Trends July 2019
A monthly roundup of key developments of interest to business valuation experts.
Talk of revising the CEIV MPF
There may be a revision to the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangible Valuations (CEIV), according to Tony Aaron, who is retired from Ernst & Young and is now an adjunct professor at the USC Leventhal School of Accounting.
CPAs worried about financial instrument valuations
Over half (55%) of CPAs at companies with complex financial instruments on their books say they are concerned about the valuation of derivatives, according to the AICPA’s “Economic Outlook Survey” for the second quarter of 2019.
Final PE/VC guide out soon from the AICPA
This August or September, you can expect to see a final version of the AICPA’s new Accounting and Valuation Guide Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies.
SEC approves PCAOB updates to fair value audit standards
The U.S. Securities & Exchange Commission (SEC) has approved proposed rules by the Public Company Accounting Oversight Board (PCAOB) to revise auditing standards that increase oversight of specialists employed by accounting firms.
RICS symposium highlights remarkable progress of BV profession
Last month, at the RICS Business Valuation Symposium in New York City, it was evident that, in the realm of fair value for financial reporting, extraordinary progress has been made in the efforts to enhance the public trust in valuations.
Hot Topics Abound at ASA Fair Value Conference in New York City
The size premium, globalization, fund valuations, CEIV status, valuing debt, recent inventory guidance, and a new regulatory crackdown highlighted the recent American Society of Appraisers (ASA) Fair Value Conference, which turned out to be an outstanding event.
Appraisers should take note of this pending FASB action
A pending FASB Request for Comment pertaining to ASC 350 and 805 may impact the demand for valuation services related to financial reporting.
Remarkable progress of BV profession noted at RICS symposium
In the realm of fair value for financial reporting, extraordinary progress has been made in the efforts to enhance the public trust in valuations.
Latest SEC comment letter trends in PwC analysis
When the SEC reviews financial statements and disclosures of public firms, it may send a comment letter to the company if it has questions or sees problems.
ASA/USC fair value conference in Los Angeles June 20
Last year’s event was sold out for in-person attendance, so you may want to register now for the ASA/USC 14th Annual Fair Value Conference at KPMG in Los Angeles on June 20.
BVU News and Trends May 2019
A monthly roundup of key developments of interest to business valuation experts.