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.
Sneak peek at PCAOB report reveals fair value problems
The PCAOB continues to find “frequent deficiencies in auditing unobservable inputs used to measure the fair value of certain financial instruments,” according to a staff preview of 2018 inspection observations.
AICPA issues white paper on CVFI credential
The American Institute of CPAs has issued a white paper that explains the new Certified in the Valuation of Financial Instruments (CVFI) credential.
ASA plays to a packed house at its fair value event in New York City
An excellent program was presented to an eager crowd at the American Society of Appraisers (ASA) Fair Value Conference in New York City April 30.
BVU News and Trends April 2019
A monthly roundup of key developments of interest to business valuation experts.
AICPA launches CVFI credential
First announced in 2017 (see our coverage), the American Institute of CPAs has launched its new credential, the Certified in the Valuation of Financial Instruments (CVFI), with an accompanying performance framework.
Reminder: Comments due on inventory guidance
In November 2018, the AICPA’s Financial Reporting Executive Committee (FinREC) issued an early working draft of inventory valuation guidance, which is part of a broader forthcoming release of the AICPA’s “Business Combinations Accounting and Valuation Guide.”
Strong agenda for ASA Fair Value Conference in New York City April 30
Nationally recognized speakers and timely topics will be featured at the 2019 ASA Fair Value Conference in New York City April 30.
New CEO for the ASA
After an exhaustive search, the American Society of Appraisers has named Johnnie White, CAE, CMP, as its new CEO effective April 15.
Calibration With OPM in Early-Stage Enterprises: A Fair Value Update
Based on new draft guidelines, a review of how a calibration model can be established based on the initial transaction price of an investment in an early-stage enterprise. Also discussed is how such a model could be used in subsequent measurement periods to estimate the fair value of the enterprise and of equity interests in a portfolio company.
Global BVU News and Trends March 2019
Business valuation news from a global perspective.
BVU News and Trends March 2019
A monthly roundup of key developments of interest to business valuation experts.
TAF releases VFR on contingent consideration
The Appraisal Foundation (TAF) has issued a Valuation in Financial Reporting (VFR) advisory on valuing contingent consideration, also known as earnouts.
AICPA extends comment period for inventory valuation guidance
In November 2018, the AICPA’s Financial Reporting Executive Committee (FinREC) issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of the AICPA’s “Business Combinations Accounting and Valuation Guide.”
Update on the AICPA’s New CVFI Credential
Insights into the upcoming Certified in Valuation of Financial Instruments (CVFI) credential being launched by the AICPA.