The US stands by itself on IFRS compliance
Greg Forsythe (Deloitte) offers the following list of how various countries have dealt with the IFRS standards…(note–these are the major adapters–many other smaller countries have also adapted the IFRS standards. IFRSs required • Argentina (2012) • Australia (2005) • Brazil (2010) • Canada (2011) • France (2005) • Germany (2005) • India (2011) • Mexico [...]
The most diverse valuation group ever
There are over 80 delegates to today’s International BV Conference, co-sponsored by ASA and CICBV, and reflective of the goals of the newly announced International Institute of Business Valuers. Thirty are from the US and 16 from Canada. Sixteen are from the UK and Europe. The remainder come from 13 different countries.
Happy news…ASA and CICBV introduce the International Institute of Business Valuers
Big news from Miami this morning: The ASA and CICBV jointly announced the formation of the IIBV–an association of business valuation associations. With its member associations, will lead the business valuation profession globally. It’s goals include to: To unify existing associations To lead the industry in the areas of ethics, integrity and excellence in practice [...]
Convergence continues apace…
The FASB sent out a press release this morning announcing that they’ve “completed the first phase of its joint project with the IASB to develop an improved conceptual framework” and issued Concepts Statement No. 8, Conceptual Framework for Financial Reporting, including Chapter 1, “The Objective of General Purpose Financial Reporting,” and Chapter 3, “Qualitative Characteristics [...]
100+ corporate counsel declare FASB’s litigation contingency reporting requirements do more harm than good
BVWire is following the story of the August 18th letter signed by a host of Association of Corporate Counsel’s leading members. ACC and many of their members believe that the requirement that shareholders know about impending risks from litigation will alert the tort bar to insurance and other funds that can be pursued–delaying settlements and [...]
FASB has slideshows and podcasts available free on fair value convergence draft
FASB just released podcasts and a webinar covering some key points in their June 2010 FASB Exposure Draft, Fair Value Measurements and Disclosures (Topic 820): Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (comments are requested by September 7, 2010). That Exposure Draft is the result of a joint [...]
Comments on new IVSC business valuation standards due by September 30th
Yesterday the International Valuation Standards Council (IVSC) released an exposure draft of proposed new International Valuation Standards (IVS) for public comment. The IVS are designed to: promote consistency and aid the understanding of valuations of all types by identifying or developing globally accepted principles and terminology, identify and promulgate common principles for the undertaking of [...]
Pellegrino chairs BVR Summit on IP valuation; final agenda announced
Plan now to join us in Chicago Sept 15-16 and grow your intellectual property valuation business. Here’s the final program, including the industry-leading faculty and topics. Register here. Wednesday, September 15, 2010 8:00 a.m. – 8:30 a.m. Opening Remarks: Analyze, Defend, and Maximize IP Value Featuring: Mike Pellegrino (Pellegrino & Associates) Conference chair Mike Pellegrino (the author [...]
A good weekend for BV at The Appraisal Foundation
Our stringer reports that a number of developments occur at this weekend’s TAF meeting: 1. TAF Board member Jay Fishman was appointed vice chair of the new Appraisal Practices Board. The mandate of this new group: The APB is responsible for issuing Valuation Recognized Methods and Techniques which are intended to provide support and guidance to [...]
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