Global BV News: Reminder: IVSC seeks board members
The International Valuation Standards Council (IVSC) is seeking applications for roles on three of its technical standards boards, with two openings on each of the Tangible Assets Board, Business Valuation Board, and Financial Instruments Board.
Some golden nuggets from the AICPA FVS confab
It was great to see the turnout at the AICPA & CIMA Forensic and Valuation Services Conference in Las Vegas last week.
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.
BV firm benchmarking guide for 2023 just released
How does your valuation practice stack up against its peers?
Global BV News: IVSC seeks board members
The International Valuation Standards Council (IVSC) is seeking applications for roles on three of its technical standards boards, with two openings on each of the Tangible Assets Board, Business Valuation Board, and Financial Instruments Board.
Hitchner goes after another BV myth
Does the concept of “known or knowable” live up to its name?
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.
Several industry reports of note
Some valuation firms and practices that have specialties in various sectors put out some interesting industry-specific reports, and they are free.
Stay tuned for coverage of the AICPA FVS conference
At press time, BVWire is on the ground at the AICPA & CIMA Forensic and Valuation Services Conference in Las Vegas.
Global BV News: CBV Institute adopts IVS
The Chartered Business Valuators Institute (CBV Institute), Canada’s valuation professional organization (VPO) and standard-setter, has announced that it will adopt International Valuation Standards (IVS).
The Fall 2023 edition of EVBM 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).
Business Valuation Firm Benchmarking Guide: 2023 Edition
November 2023 PDF, Softcover (103 pages)
Business Valuation Resources, LLC
What It’s Worth: Valuing Jewelry Stores
November 2023 PDF (113 pages)
BVR (editor)
Business Valuation Resources, LLC
In re Marriage of Remitz
In this divorce case, the Montana Supreme Court reversed the trial court’s use of the date of dissolution, May 2017, as the valuation date, reversed the trial court’s revaluation of the husband’s business, and reverted to the value determined to the trial date in 2014. The wife had no involvement in the business subsequent to the 2014 trial date.
In re Hussain
Both parties appealed this Illinois divorce case. While several issues were appealed, we focus on the value of the business and the determination of debts against the business. Since the trial court was not given any substantial evidence as to the value of the business, it determined the value on its own with limited information. The appellate court affirmed that value. Additionally, the appellate court affirmed the trial court’s disallowance of debts against the business.
Montana Supreme Court Holds Proper Date of Business Value Is the Date of Trial (2014), Not the Date of Dissolution (2017)
In this divorce case, the Montana Supreme Court reversed the trial court’s use of the date of dissolution, May 2017, as the valuation date, reversed the trial court’s revaluation of the husband’s business, and reverted to the value determined to the trial date in 2014. The wife had no involvement in the business subsequent to the 2014 trial date.
Illinois Appellate Court Affirms Value of Business Where the Parties Provided No Evidence
Both parties appealed this Illinois divorce case. While several issues were appealed, we focus on the value of the business and the determination of debts against the business. Since the trial court was not given any substantial evidence as to the value of the value of the business, it determined the value on its own with limited information. The appellate court affirmed that value. Additionally, the appellate court affirmed the trial court’s disallowance of debts against the business.
The No. 1 valuation issue that triggers an IRS audit
Discounts continue to be the No. 1 red flag that triggers an IRS audit, according to former IRS manager Michael Gregory (Michael Gregory Consulting LLC), speaking at the recent American Society of Appraisers (ASA) International Appraisers Conference in New Orleans.
Will the AICPA FVS conference be the biggest of the year?
It was the biggest business valuation conference of 2022, and this year’s version should also draw a huge crowd.
Global BV News: Cross-border M&A examined in new CBV Insights
For several reasons, the prevalence of cross-border transactions involving Canadian companies is expected to expand over the next several years.
IVSC signs MOU with French accountants
During the recent annual general meeting of the International Valuation Standards Council (IVSC), a memorandum of understanding (MoU) was signed to commemorate the IVSC’s partnership with the two leading accountancy professional bodies in France, the CNCC and CNOEC.
Practical Considerations in Normalizing the Risk-Free Rate
Some valuation firms and practitioners have advocated that the risk-free rate of return (Rf) should be normalized when it is believed to be too low because of Federal Reserve Bank policies. Recent arguments for doing so have been based on technical economic analyses but have ignored practical aspects of normalizing Rf. This article is intended to address those practical considerations.
Valuation Matters Highlighted in the Estate of Cecil
A discussion and the valuation implications of several issues in this case: tax affecting an S corporation, applying an asset approach to value a going-concern business, reliance on a single comparable company, and discounts applied to arrive at per-share value.
BV News and Trends October 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends October 2023
Business valuation news from a global perspective.