Impress your business valuation friends and get the new USPAP update on your Kindle
The Appraisal Foundation released the 2012-13 edition of the Uniform Standards of Professional Appraisal Practice (USPAP) this morning—including new eReader (specifically: the Amazon Kindle, Apple iPad, Barnes & Noble Nook and Sony Reader) formats. All formats are $60—but you’ll be much cooler if you bring up Section 9 on your iPad. USPAP and the AICPA’s SSVS-1 are [...]
Great comments on growing your practice from Rick Warner in ASA BV E-letter today
Our good friend Rick Warner, appraiser and editor of the BVC’s E-letter, has just passed a milestone birthday (29). He’s reflected on the mile markers, speed bumps, and other factors that influence our lives, and our business valuation practices. Rick’s conclusion is worth recalling: To make sure that milestones in your personal and [...]
Four days left to comment on USPAP discussion draft
Last month the Appraisal Standards Board (ASB) issued the discussion draftCommunication and Reporting in the Uniform Standards of Professional Appraisal Practice (USPAP), requesting comments by Nov.14, 2011. As Rick Warner, editor of the BVC’s weekly e-letter to members, points out in the latest issue, one of the questions that the discussion draft addresses is the general [...]
When is it appropriate to use a calculation of value in court?
When the court specifically asks for one! At least, that’s the implicit reading of a new California divorce case, in which both party experts valued the husband’s 80% interest in a radiology software company at the beginning of the marriage (1995), for determination of its appreciation until the company’s sale three years later (for $7.5 [...]
Live NACVA Report: Calculations vs conclusions: when and where
There are more questions about standards in this area than anywhere else. Here are answers directly from the leaders of the new NACVA/IBA standards unification effort: “We do less than 10% of our work in calculations. For IRS you can meet the adequate disclosure requirements so that the gift tax work can be filed and [...]
And, for new staff looking for certification: ASA announces new BV201 course
The American Society of Appraisers announces the new BV201 course, Introduction to Business Valuation – Part I, and encourages attendance at the forthcoming course in Chicago (Skokie, IL) November 11 – 14. The course, written by Gary Trugman, deals with valuation theory and the market approach, including guideline public companies and transactional analysis. This course [...]
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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