A step towards standards unification from NACVA and IBA
The memberships of the National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA) have voted to ratify the new principles-based standards developed jointly by a team representing both organizations. The new “principles-based” standards align with the AICPA’s SSVS No. 1. These standards become effective June 1, 2011. For a copy [...]
Blue Ribbon Panel issues final report on Standard-Setting for Private Companies
Last week, AICPA/FAF/NASBA’s Blue Ribbon Panel on Standard-Setting for Private Companies (BRP) issued its report and recommendations to the Financial Accounting Foundation. The executive summary states: “This report proposes major and other enhancements aimed at fostering an accounting standard-setting system that would seek to maintain a high degree of financial reporting comparability for business entities, [...]
Sept. BVU now posted: fractional interests, convertible preferred stock transactions, and much more from industry-leading publication
The most recent BVUpdate (Sept. 2010), now available on BVLibrary, contains 8 timely articles of interest to business appraisers: Using Convertible Preferred Stock Transactions to Calculate DLOM: Brian Pearson (Valuation Advisors LLC) To Calculate or Not to Calculate: Revisiting the AICPA’s SSVS-1: Nathan DiNatale (SC&H Group LLC) Valuing Fractional Interests in a Vacation Home: A [...]
To calculate or not to calculate: revisiting the AICPA’s SSVS-1
By Nathan DiNatale, CPA/ABV, CVA, guest author Since its release in 2007, there has been some misunderstanding about the AICPA’s Statement on Standards for Valuation Services or “SSVS.” This frequently misunderstood and often misinterpreted guidance has CPAs and valuation analysts wondering when and how it applies to the services they perform. Questions such as “is [...]
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