BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
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.
Reminder: Quick survey on BVFLS credentials
Many credentials are found in business valuation, forensics, and litigation services (BVFLS) firms and practices.
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.
What are your firm’s policies regarding BVFLS credentials?
Many credentials are found in business valuation, forensics, and litigation services firms and practices.
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.
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.
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.
‘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.
TAF launches second demographic survey
The Appraisal Foundation (TAF) has a survey designed to gather demographic data about the appraisal profession and help shape the group’s current and future diversity-related activities.
Quality Control Is Now the No. 1 Concern of BV Firms
What keeps business valuation firm managers up at night? Mostly, they worry about maintaining control over the quality of the work product, according to the Business Valuation Firm Benchmarking Guide. This article presents the other top concerns.
Registration open for the ASA Fair Value conference in New York City
On April 25, the ASA will hold its Fair Value Conference in New York City for both in-person and virtual attendance.
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.
Afraid of AI? Get over it, say tax pros
“Whether or not you’re afraid of AI, we’re going to need it to meet the demand for services,” said Scott Kadrlik, managing partner at Meuwissen, Flygare, Kadrlik & Associates, quoted in an article for Accounting Today.
Reminder: Take a quick survey on AI
Is your firm using AI in its practice? And for what? What are your peers using it for? Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.
Are your peers using AI in their practice—and for what?
Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.
Two New York City conferences set dates for 2024
On April 25, the ASA will hold its Fair Value Conference in New York City for both in-person and virtual attendance.
BV Year in Review 2023: Recruiting Push
The business valuation profession continued to thrive in 2023 amid ongoing challenges, such as how to reflect uncertainty, inflation, and market volatility in valuations. But another issue loomed large in the profession: attracting and retaining new young talent.
BV News and Trends January 2024
A monthly roundup of key developments of interest to business valuation experts.
Survey results: Data collection tools
More than two-thirds (78%) of valuation experts use an online tool to collect documents and other information from clients, according to the first in a series of “Two-Minute Practice Builder” surveys.