How to Review a Report’s Valuation Methodology
This is part of a series on quality control for valuation engagements, which has emerged as the No. 1 concern at valuation firms and practices, according to BVR’s Benchmarking Survey. The article contains a checklist for an overall review of the income, market, asset, and excess earnings approaches.
Ideas for Solving Two Problems in the BV Profession
The business valuation profession needs to be more attuned to academic finance research, according to a letter to the editor of the ASA’s Business Valuation Review by Victor E. Jarosiewicz (Quid Valorem LLC), the chair of The Appraisal Foundation’s Business Valuation Resource Panel. He also has some ideas about attracting more young people to the profession by targeting colleges and universities. Feedback is wanted on the issues and his suggestions.
How Do Your Firm’s Benefits Stack Up?
“Flexibility” is the most important aspect of a benefits plan BV firms should be offering to employees, reveals a BVR survey. Also, a look at the levels of signing bonuses BV firms are doling out is presented.
Practice-Building Tips From the AICPA FVS Conference
The largest event of 2024 was the AICPA & CIMA Forensic and Valuation Services (FVS) Conference. While there were many excellent technical sessions, there was good attendance at sessions that related to the management of a valuation or forensics firm or practice—a topic that is gaining in importance in the profession. This article is a recap of those sessions.
BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends May 2024
Business valuation news from a global perspective.
Key Points From Hitchner’s Annual BV Update
A recap of Jim Hitchner’s look at the major issues in BV over the past year, including long-term growth rates, the three-stage DCF, normalizing the risk-free rate, cost of capital, plagiarism, lack of liquidity on a 100% interest, and more.
What to Glean From the IRS Hiring Binge for BV Experts
The IRS needs to hire 31 business valuation experts, and the job announcement provides an interesting perspective as to the valuation issues that are on the agency’s radar.
Mercer Extols the Virtues of Writing as a Valuation Career Builder
Chris Mercer (Mercer Capital) says writing was an important activity that contributed to his success, and he urges practitioners to do the same. He lays out his 12-step plan for a first-time writer (and BVR adds a few comments).
The BV Profession’s ‘Silver Tsunami’ Is More Like a Trickle
We keep hearing about the “silver tsunami” in the business valuation profession, meaning a huge wave of retirements as veteran practitioners ride off into the sunset. But it’s not happening quite yet, according to data from BVR’s benchmarking survey.
BV News and Trends April 2024
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends April 2024
Business valuation news from a global perspective.
Perception Grows of Bias in U.S. Valuation Experts
During a recent webinar out of Canada, a speaker observed that litigants are bringing in valuation experts from the U.S. because of a “creeping tendency toward bias.” In the U.S., some judges are citing studies they say confirm their feelings about bias in some valuation experts.
Reminder: Quick survey on BVFLS credentials
Many credentials are found in business valuation, forensics, and litigation services (BVFLS) firms and practices.
Global BV News: PPAs in India
Almost a third (28%) of the enterprise value of acquired companies in India was allocated to identified intangible assets, and 35% was attributable to goodwill, with the allocation varying considerably from industry to industry, according to an EY study on purchase price allocations (PPAs).
Sneak Peek: Guide to Physician Practice Finance and Valuation, 4th Edition
BVR’s Guide to Physician Practice Finance and Valuation, 4th Edition, is out now and features a completely reworked look at the key issues impacting healthcare valuation. Check out this sneak peek of Part I.
NACVA adds to CVA and MFF ranks
The National Association of Certified Valuators and Analysts (NACVA) announced that 107 members recently earned their credentials (or are candidates).
Damodaran at the ASA Fair Value Conference April 25
Always with interesting and provocative views, Professor Aswath Damodaran (New York University Stern School of Business) will conduct a session, Understanding and Measuring Risk, at the ASA’s Fair Value Conference in New York City on April 25.
Reminder: Quick survey on BVFLS credentials
Many credentials are found in business valuation, forensics, and litigation services (BVFLS) firms and practices.
Global BV News: The Spring 2024 edition of EBVM is now available
The European Association of Certified Valuators and Analysts (EACVA) and the International Valuation Standards Council (IVSC) have released the latest edition of the European Business Valuation Magazine (EBVM).
Appraisal Review: Common Areas of Critique and Risk in Litigation
In this presentation, we will address subjective valuation inputs and assumptions that require analyst discretion. Traditionally, these are the most contested inputs in litigation. Therefore, a strong understanding of the rationale behind these inputs is critical for successful analysis. Our presentation will include but is not limited to, a discussion of the following: (1) common areas of critique in the context of appraisal review; (2) examples of such subjective inputs and common rebuttal responses; and ...
What are your firm’s policies regarding BVFLS credentials?
Many credentials are found in business valuation, forensics, and litigation services firms and practices.
Global BV News: IVSC launches ESG survey
To investigate the evolution of how environmental, social, and governance (ESG) factors are being incorporated into the valuation process, the International Valuation Standards Council has launched a survey.
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.
Tax Valuations Are the Main Profit Driver for BV Firms, Per BVR Survey
Valuations for income, estate, and gift tax purposes are the most profitable for business valuation firms, according to a BVR survey. These valuations leap-frogged over litigation services and valuations for transactions/M&A purposes, which topped the list in 2018.