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.
‘Landmark’ Update Released of the International Valuation Standards
Two years in the making, the International Valuation Standards Council (IVSC) has published a new edition of the International Valuation Standards (IVS), which are effective for valuations performed on or after Jan. 31, 2025. The new set of standards is available for download through IVS Online (subscription required for nonmembers).
Review of Surveys on Cost of Capital Data Sources and Inputs
The Kroll Cost of Capital Navigator continues to be widely used and accepted for estimating cost of equity (COE). But BVR’s Cost of Capital Professional has been gaining considerable steam since its launch in 2018, according to a BVR survey. Some other resources for estimating the cost of capital have also seen an uptick in usage.
More Perspectives From Young BV Practitioners
For the past few years, NACVA has been giving a forum to young business valuation professionals so they can give their perspectives on the profession and what keeps them interested and motivated. At the December NACVA Super Conference, a panel discussion continued this tradition.
Is Your Subject Business Still Feeling the Effects of COVID-19?
The pandemic is over, but the symptoms may linger for a long time. For valuation analysts, the concern is whether the businesses they are appraising will be impacted over the long term—an impact that could be positive or negative. An example is the limited-service restaurant business, such as fast-food, pizza, coffee shops, and the like.
BV News and Trends March 2024
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends March 2024
Business valuation news from a global perspective.
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.
AICPA BV school is not just for CPAs
Two BVR editorial board members will be teaching in the five-day AICPA and CIMA 2024 National Business Valuation School, which will be held live in Denver from August 12 to 16.
Reminder: IRS is hiring a flock of BV experts
Honolulu; Palm Springs, Calif.; Las Vegas; Orlando, Fla.; and even the Bronx, N.Y., are just a few of the 249 locations for which the IRS is hiring 31 business valuation experts, according to a job announcement, which is available if you click here.
Global BV News: Comments sought on Saudi bank valuation rules
The Saudi Central Bank (SAMA) seeks public opinion on the draft rules for the valuation of “systematically important” financial institutions.
Major Court Decisions and Tax Sunset Provisions: New and Noteworthy Developments in the Valuation of S Corporations
The vast majority of U.S businesses are pass-through entities (S corporations, LLCs, and partnerships). The debate over how to value them has raged in the courts and academia for decades, and understanding how to do so is important to all valuation professionals. Recent cases such as the Estate of Cecil have demonstrated that the IRS and the Tax Court will accept tax affecting only when correctly applied and supported.
Harvesting Knowledge: The Valuation of Wineries
A winery is a unique business that is easy to understand but difficult to value. This presentation will dig into the anatomy of a transaction and how deals are priced and closed as well as the valuation of a winery for compliance purposes. These different scopes of work present different challenges that focus on a buildup of value and assets combined with a fundamental understanding and value of consolidated cash flows. We will present two ...
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.
A lot of musing going on
Some thought leaders in the business valuation profession are shaking things up with their musings.
New issue of ASA’s BV Review added to BVResearch Pro
Among many other resources, the BVResearch Pro platform contains the full archive of the Business Valuation Review going back to 1982.
Global BV News: Registration open for CBV Connect June 20-21
CBV Connect 2024, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter, will be held at The Bonaventure in Montreal.
Recent Trends in the Valuation of Early-Stage Companies
This webinar provides an overview of recent trends in the valuation of early-stage companies. We will review the guidance that the International Valuation Standards Council (including the most recent IVS 500), the Luxembourg Valuation Professionals Association, IPEV, and AICPA provide, and we will then provide practical, step-by-step examples of how to handle some current challenges in early-stage valuation, such as the valuation of SAFEs, how to incorporate down rounds into the valuation, and how to ...
Letter to the Editor
I am writing because I see several things that concern me about our business valuation (BV) profession. I offer some thought-provoking remarks that hopefully induce a reaction from the journal’s readership.
Midyear or End of Year Present Value Factors? Clues from Valuation in Discrete and Continuous Time
This article addresses whether appraisers should be using midyear or end-of-year present value factors. Although this is a topic that other authors and I have addressed, this article has some unique and novel approaches to the topic. The mathematics in this article accounts for cash flow growth within and between years rather than between years only, as others have modeled. We model in both discrete and continuous time, with discrete time in multiple time frames ...
ASA CEO search continues
Since Johnnie White, former CEO of the American Society of Appraisers, left the organization last month, the search for a new CEO has yielded over 75 applications, according to Garrett Schwartz, ASA international president, in his monthly message.
Today is the deadline for TAF’s demographic survey
Please take a three-to-four-minute survey from The Appraisal Foundation (TAF) designed to gather demographic data about the appraisal profession and help shape the group’s current and future diversity-related activities.