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.
Cohen & Company v. Breen
In fee dispute, appeals court affirms trial court’s rejection of disgruntled client’s attempt to defend against accounting firm’s suit with allegations of malpractice; client failed to offer expert testimony to support attack on appraiser’s valuation.