Global BVU News and Trends July 2018
Business valuation news from a global perspective.
BVU News and Trends July 2018
A monthly roundup of key developments of interest to business valuation experts.
New BV standards charts reveal no conflicts
The different sets of U.S. business valuation standards do not conflict with each other, according to an updated tale-of-the-tape chart released by NACVA.
Global BV News: TAF’s Bunton discusses USPAP-IVS link
In an interview, David Bunton, president and CEO of The Appraisal Foundation (TAF), was asked about the relationship between USPAP and the International Valuation Standards (IVS) and how TAF is equipping U.S. appraisers with the information they need to apply IVS.
The Appraisal Foundation seeks board candidates
The Appraisal Foundation is currently conducting its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).
USPAP 2020-21 exposure draft issued
The Appraisal Standards Board has issued a First Exposure Draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
Global BV News: IVSC proposes BV stamp of approval
Shades of the Good Housekeeping Seal of Approval: The International Valuation Standards Council (IVSC) is proposing to award a “quality mark” to qualified valuation professional organizations (VPOs) that meet a high level of quality in BV technical and professional standards.
Global BVU News and Trends June 2018
Business valuation news from a global perspective.
BV standards and the black box
In an interview, Leigh Miller, EY’s global valuation leader, was asked whether a link needs to be made between business valuation standards and the emergence of automation in valuation.
USPAP 2020-21 exposure draft due in May
A first exposure draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be published in May 2018.
BVU News and Trends May 2018
A monthly roundup of key developments of interest to business valuation experts.
Global BV News: Malaysia valuers take ICVS training
Nearly 40 candidates from Malaysia, Hong Kong, and Indonesia recently took ICVS Certification Training conducted by the Business Valuers Association of Malaysia (BVAM) and the IACVS Malaysia Charter.
Global BV News: Convergence on China’s mind
In an interview, Dr. Zhang Guochun, the secretary general of the China Appraisal Society, said that convergence of valuation standards is one of several ways he’d like to see the valuation profession evolve over the next few years.
Global BV News: First IVSC WAVO event June 25-26 in Singapore
The International Valuation Standards Council (IVSC) and the World Association of Valuation Organisations (WAVO) will jointly host the Inaugural IVSC-WAVO Global Valuation Conference June 25-26 in Singapore.
First-ever live streaming of ASB meeting on USPAP
The Appraisal Standards Board (ASB) of The Appraisal Foundation will conduct a public meeting on April 20 at 9:00 a.m. (Pacific Time) in Las Vegas where you’ll have a chance to give input on the Discussion Draft of Potential Areas of Change for the 2020-21 edition of Uniform Standards of Professional Appraisal Practice (USPAP).
New Twists and Turns in BV Highlight Annual SECBA Conference
Topics you don’t see at other conferences (such as Bitcoin and business insurance) and top-notch speakers added up to an excellent event hosted by the Southeast Chapter of Business Appraisers (SECBA) in Atlanta.
A Recap of the Business Valuation Summit in Bangalore, India
Timely discussions centered around the new draft regulations for a Registered Valuer Organization (RVO), issued by the Ministry of Corporate Affairs, and the valuation education and accreditation required to support India’s rapid growth in the global economy.
Letter to the Editor: Improving Our Work Product (and Professional Image) … One Review at a Time
A letter to the editor from Clint Cronkite (Cronkite & Kissell LLC). Business valuation professionals are expected to provide unbiased professional analyses, opinions, and conclusions but also be supportive of our client’s goals—a schism that has led to skepticism about the neutrality and quality of our work product.
Unqualified Valuers Costing Nigerian Government a Fortune
Valuations of asset-intensive entities done by unqualified nonprofessionals are costing the government big money from taxes that can t be collected because the valuations are too low, according to the Nigerian Institution of Estate Surveyors and Valuers (NIESV). Source of the trouble. Thisday Newspapers in Nigeria first reported the problem.1 According to Paul Osaji, who is chairman of the faculty of housing for NIESV, the industries potentially impacted include breweries, aviation companies, and communication firms.
Business Valuation Year in Review 2017
It was another eventful year for the business valuation profession, and here’s a wrap-up of notable developments of 2017.
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.
Comments due January 27 on third exposure draft of USPAP 2018-19
The issues under consideration include the definition of report and communication of assignment results. There’s also a proposed revision of the definition of appraisal review, as well as splitting the existing Standard 3 into two standards.
Brand valuation mandate in India sparks talk of new rules
Wide variations in estimates of brand valuations trigger talk of a new set of valuation rules.
AICPA Tips for Testifying Experts
Appraisers working on litigated disputes face special challenges. Several workshops at the recent AICPA conference in Nashville provided insights and survival tips that benefit both the seasoned financial expert witness and the upstart.
Some key takeaways from the ASA/USC fair value conference
There was record attendance at the ASA/USC 11th Annual Fair Value Conference in Los Angeles. BVWire was there and here are a few takeaways from some of the sessions, all of which were excellent.