BVU News and Trends February 2019
A monthly roundup of key developments of interest to business valuation experts.
PwC examines SEC comment letters
You can learn a lot from the large amount of back-and-forth communications between the SEC and companies over fair value measurement issues.
Global BV News: IPEV updates PE/VC valuation guidelines
International Private Equity and Venture Capital (IPEV), a trade group that sets valuation practices for private funds, has published the 2018 edition of its guidelines.
PCAOB updates fair value audit standards
Of interest to valuation specialists who do fair value work, the Public Company Accounting Oversight Board (PCAOB) has adopted a new standard for auditing accounting estimates, including fair value measurements, and amendments regarding specialists.
Feedback wanted on new additions to PE/VC guide
The AICPA has released for comments working drafts of two new case studies from its Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (PE/VC Guide).
Takeaways From the 2018 ASA Advanced BV Conference
A wrap-up of the ASA’s Joint ASA 2018 Advanced Business Valuation and International Appraisers Conference in Anaheim, Calif.
BVU News and Trends January 2019
A monthly roundup of key developments of interest to business valuation experts.
RSM issues white paper on AICPA PE/VC draft guide
A white paper prepared by RSM on the AICPA’s working draft of its PE/VC guide provides summaries of key provisions affecting middle-market entities.
BVU News and Trends December 2018
A monthly roundup of key developments of interest to business valuation experts.
AICPA issues inventory valuation guidance
The AICPA’s Financial Reporting Executive Committee has issued an early working draft of Inventory Valuation guidance and would like feedback by Feb. 1, 2019.
Willamette’s Insights looks at fair value
The Fall 2018 issue of Insights from Willamette Management Associates is titled “Thought Leadership in Valuation for Fair Value Measurement Purposes” and is edited by Terry G. Whitehead.
BVU News and Trends October 2018
A monthly roundup of key developments of interest to business valuation experts.
New Board and Pending Standards Highlight PCAOB Update
At the recent ASA/USC 13th Annual Fair Value Conference in Los Angeles, George Wilfert, deputy director of the Public Company Accounting Oversight Board (PCAOB), gave an update on the organization's activities.
BVU News and Trends September 2018
A monthly roundup of key developments of interest to business valuation experts.
Comments due on CVFI performance framework
The AICPA is launching the Certified in Valuation of Financial Instruments (CVFI) credential, and an exposure draft of a “performance framework” has been issued (dated Aug. 13, 2018) that establishes parameters of documentation requirements. Comments are due September 17.
Stay on the leading edge of fair value for financial reporting
If you stop and think about it, the area of fair value measurements has driven the development of business valuation theory in the recent past to a great extent.
How to document the selection of a royalty rate when valuing intellectual property assets or rights
Under the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential, valuation experts will be expected to have a certain amount of documentation in their work files. Regardless of whether you hold the CEIV credential or not, anyone doing fair value for financial reporting should comply with these new rules. This post covers how to document the selection of a royalty rate when valuing intellectual property assets or rights.
BVU News and Trends August 2018
A monthly roundup of key developments of interest to business valuation experts.
Growing Status of Fair Value Sparks Record Attendance at ASA FV Conference
The growing importance of fair value for financial reporting and the ongoing efforts to improve the quality in this area of practice triggered a sell-out for the ASA/USC 13th Annual Fair Value Conference held May 10 in Los Angeles. Here’s a recap.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
How to document the life for the projection period with respect to noncontractual customer-related intangible assets
Under the new requirements for fair value for financial reporting, valuation experts will be expected to have a certain amount of documentation in their work files. The new requirements are contained in the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential. Regardless of whether you hold the CEIV credential or not, anyone doing fair value for financial reporting should comply with these new rules.
CEIV quality monitoring FAQs
The AICPA and the Royal Institution of Chartered Surveyors (RICS) have released a series of FAQs that detail the much-awaited Quality Monitoring Program for the Certified in Entity and Intangible Valuations (CEIV) credential.
AICPA releases draft of PE/VC guide
After several years in the works, the AICPA has issued a draft “Accounting and Valuation Guide” that provides “nonauthoritative guidance” for valuing private equity and venture capital investments.
Sold-out ASA event underscores importance of fair value
The growing importance of fair value for financial reporting and the ongoing efforts to improve the quality in this area of practice triggered a sell-out for the ASA/USC 13th Annual Fair Value Conference held May 10 in Los Angeles.
Letter to the Editor of BVWire re: control premiums
Your recent announcement about the 13th Annual Fair Value Conference in Los Angeles may leave unwary readers with the impression that the MPAP guidance on control premiums in VFR #3 applies to all business valuation work.