Appraisal Review: What It Is, What It's Not—And Why It Matters
The purpose of this article is to clarify what appraisal review is and is not, according to USPAP Standards 3 and 4, and the ways in which appraisal review education can be of benefit to appraisers and ultimately benefit the users of the appraisals. Further discussion includes the qualities that determine credibility of an appraisal, the importance of focusing on the review and critique of a specific appraisal report rather than the appraiser, and the ...
BVU News and Trends October 2018
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends September 2018
A monthly roundup of key developments of interest to business valuation experts.
USPAP cited in IRS final regs on donations
The Internal Revenue Service (IRS) has issued final regs on valuing charitable donations that specifically cite the Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal Foundation.
BVU News and Trends August 2018
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
From the Chair
The Tax Cuts And Jobs Act became effective on January 1, 2018 and will likely impact the value of various entities and intangible assets. This may necessitate changes in our practice application to value these entities and assets.
SEC’s Daubert Challenge to Securities Valuation Testimony Fizzles
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
New analysis reveals different BV standards do not conflict
A casual observer may look at the various business valuation standards different organizations issue and get the idea that they are at odds with each other. But that is not the case.
SEC’s Daubert Challenge to Securities Valuation Testimony Fizzles
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
SEC v. Nutmeg Group, LLC
In an SEC case requiring valuation of restricted securities, court admits most of the testimony of parties’ experts; experts need not be specialists in given field and need not demonstrate familiarity with USPAP or SSVS to qualify under Daubert, court fin ...
Compromised Asset Appraisals Undo Like-Kind Tax Plan
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
Compromised Asset Appraisals Undo Like-Kind Tax Plan
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
Exelon Corp. v. Commissioner
Tax Court says taxpayer’s transactions fail to meet Section 1031 requirements for income tax deferral; legal advisor’s ongoing interference with appraisal process compromised asset appraisals undergirding transactions to the point they became “useless.”
ASA International Appraisal Conference: Winds of Change Part 2 of 2
The ASA International Appraisal Conference held at the Marriott Waterside Hotel & Marina on July 14-16 in Tampa, Florida was anything but business as usual this year.
Appraisal Standards Board seeks input regarding USPAP
Carla Glass urges business valuation professionals to review the 2002 Uniform Standards of Professional Appraisal Practice (USPAP) and write comments to the Appraisal Standards Board (ASB ...
How long to keep records?
With all of the publicity surrounding the shredding of documents, can you provide any guidelines for business valuators as to how long they should retain workpapers relating to business valu ...
Identifying and Excluding Faulty Valuation Report Content and Testimony
George B. Hawkins Fair Value , Summer 2001, Volume X, Number 2 This article discusses challenging the admissibility of valuation expert reports and testimonies. The author lays the groundwo ...
IRS to issue BV standards for comment
By the middle of May, the IRS will issue draft valuation standards to submit to the various appraisal organizations for comment. Howard A. Lewis , the new IRS Engineering Program Manager, made this a ...
Lawyers should have BV standards handy for reference
by Shannon Pratt This is the third in a series of editor's columns based on Dr. Pratt's recent book, The Lawyer's Business Valuation Handbook. – LK When you encounter a business valuatio ...