BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends April 2024
A monthly roundup of key developments of interest to business valuation experts.
Accountants’ wariness of AI may spell trouble
Although accounting professionals see big changes ahead for their profession due to artificial intelligence, a significant proportion see no use case for AI in either their private of professional lives, according to a new study in AccountingToday.
BV News and Trends March 2024
A monthly roundup of key developments of interest to business valuation experts.
Disconnect woes plague BV firms using remote staff
“Loss of human interaction” is the biggest drawback of a remote or hybrid work arrangement, cited by over half (53%) of BV firms recently polled.
How BV firms are coping with remote workers
Early results from our latest “Two-Minute Practice Builder” survey reveal that the vast majority of BV firms are on a hybrid work arrangement, i.e., some staff in-office and some working remote.
How AI can impact healthcare valuations
It’s very unlikely that AI will replace physicians (that’s good news!), points out an interesting article, “Generative AI in Healthcare: Valuation Considerations,” by Todd Zigrang and Jessica Bailey-Wheaton, who are both with Health Capital Consultants.
‘Disclose me,’ AI tells appraisers
“Appraisers should be encouraged to clearly state whether they authored a report or relied on AI models for content generation.”
What is your firm’s experience with remote work?
That’s the topic of this month’s “Two-Minute Practice Builder” survey.
AI Concerns, Experiments Highlight NACVA Confab
This is a recap of several interesting sessions at the December NACVA Business Valuation & Financial Litigation Super Conference in Fort Lauderdale. The sessions discussed ethics issues and presented some demonstrations of how to leverage AI in a valuation practice.
Unexpected results from survey on AI usage at BV firms
“More practitioners are using AI than I would have guessed,” says Rod Burkert (Burkert Valuation Advisors), a practice management advisor, about the latest in a series of “Two-Minute Practice Builder” surveys he developed for BVWire.
BV News and Trends January 2024
A monthly roundup of key developments of interest to business valuation experts.
USPAP Q&A addresses AI
AI tools are not a substitute for an appraiser’s judgment.
AI studies top several McKinsey lists for 2023
Of interest to valuation experts are two works from McKinsey that examine artificial intelligence (AI).
Bright Future for Automated Valuation Models—But Take Caution
Some interesting insights and questions about the use of automated valuation models (AVMs) and artificial intelligence from veteran appraisers.
AI is high on the radar at the AICPA FVS section
One of the eagerly awaited issues for 2024 at the AICPA FVS section is the continued understanding of artificial intelligence and its implications for forensics and valuation practitioners.
McKinsey examines value impact of generative AI
A recent McKinsey report shows the various areas of business operations and the expected value impact from the use of generative AI.
BV News and Trends October 2023
A monthly roundup of key developments of interest to business valuation experts.
More AI woes add to cautions
Artificial intelligence is a much-talked-about topic around the business valuation conference circuit, and most of it is cautionary.
Global BVU News and Trends August 2023
Business valuation news from a global perspective.
NACVA ‘blown away’ by ChatGPT
David Fein of ValuSource recently gave a demo of ChatGPT to Parnell Black, CEO of the National Association of Certified Valuators and Analysts (NACVA).
What keeps a bank CEO up at night?
Cybersecurity is the No. 1 concern of financial institutions, according to the “State of the Banking Industry Report” from Wipfli.
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
Alerding Gives Some Insights Into AI and BV
Be cautious when using artificial intelligence for business valuation work, advises BVLaw editor Jim Alerding (Alerding Consulting). A few examples show that this tool is not yet ready for prime time.
BV News and Trends May 2023
A monthly roundup of key developments of interest to business valuation experts.