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April 12, 2013 |  Article

Auditors of fair value for financial reporting are eligible for the AICPA Accredited in Business Val

March 14, 2013 |  BY Chris Baysden |  Article

The top priorities of forensic and valuation services (FVS) accountants have changed drastically over the past few years, with business development concerns outpacing technical issues, according to a new AICPA study. The 2013 FVS Membership Top Issues Survey found that “bringing in new clients,” the classic business development imperative, ranked as the top issue facing respondents.

October 1, 2012 |  BY Eddy Parker, CPA, CGMA |  Article

With a wave of Baby Boomers nearing retirement, there is a good chance CPAs will come across clients who need a business valuation. A valuation may be necessary for gift and estate purposes, transfers of ownership, tax planning purposes, and divorce. CPAs need to determine whether they should perform the valuation themselves or refer the work to a more qualified CPA.

May 10, 2012 |  BY Ken Tysiac |  Article

Forensic and valuation CPAs expect increases in litigation and regulation to add to their workload and make it challenging to hire and keep qualified employees, according to a new AICPA survey. Attracting and retaining qualified staff led the list of top challenges over the next two to five years, identified as the top concern by 25% of the 737 forensic and valuation CPA respondents in the AICPA’s recently completed 2011 Forensic and Valuation Services (FVS) Trend Survey.

May 1, 2012 |  Article

Business valuation (BV) reports frequently include information presented in the form of financial statements. The reporting requirements for such financial statements have drawn increased attention as a result of the issuance of Statement on Standards for Accounting and Review Services No. 19 (SSARS 19), Compilation and Review Engagements.

November 1, 2011 |  BY Mark L. Zyla |  Article

When the FASB statement on business combinations was revised (modifying Statement no. 141 into Statement no. 141(R), now codified as FASB Accounting Standards Codification (ASC) Topic 805, Business Combinations), one change required that all items of consideration transferred by the acquirer be measured and recognized at fair value at the acquisition date, including consideration that is transferred only if some future specified event occurs.

February 9, 2011 |  Article

The AICPA Forensic and Valuation Services Executive Committee (FVSEC) submitted a comment letter opposing a U.S. Department of Labor (DOL) proposal to change the definition of the term fiduciary. The FVSEC opposes the change because it would make virtually all valuations prepared for benefit plans, including employee stock ownership plans (ESOPs), fall under the fiduciary rules.

November 1, 2010 |  BY ROBERT REILLY, CPA/ABV/CFE |  Article

When giving expert testimony, CPA valuation analysts should be prepared to have their reports and testimony withstand the scrutiny of litigation and cross-examination. The following guidelines can help the valuation analyst prepare for potential vulnerabilities that opposing legal counsel may try to exploit. Check your resume.

November 1, 2010 |  BY Michael A. Crain, CPA/ABV |  Article

The business valuation practice area is maturing, and rapid growth is no longer the norm for the profession’s established firms. Although demand for valuation services is robust, it is harder for firms entering the field to earn superior returns unless they have a competitive advantage such as some existing expertise like industry or technical experience or they acquire valuation talent with a book of business.

May 1, 2010 |  BY Wayne E. Nichols, CPA, CVA |  Article

I realize that it’s important to keep the pipeline full of younger CPAs who may develop an interest in the business valuation profession. Some of my colleagues have perceived a definite “aging” among BV’ers, with seemingly fewer younger members picking up the challenge. So I applaud the goal of attempting to attract new interest to the profession in “Breaking Into Business Valuation” (March 10, page 43).