FVS News - Current Issue 


    Tell Your Staff — CFF and ABV Exam Review Courses
    AICPA FVS News
    Member-Exclusive News, Resources and Events
    April 16, 2014
    In This Issue
    Live AICPA Webcast Series — Industry Specific Valuations
    Tell Your Staff — CFF and ABV Exam Review Courses
    Comments Issued on International Valuation Standards Council Exposure Draft
    Don't Miss the 2014 AICPA National Business Valuation Schools - Seats Limited!
    Last Chance — AICPA/AAML Conference on Divorce
    Fraud Prevention
    CFF Mentor Program Update
    AICPA.org and CGMA.org Were Not Affected by Heartbleed Bug
    CFF & ABV Exam Registration
    FVS Member Advantages
    Live AICPA Webcast Series — Industry Specific Valuations
    This 9-part webcast series provides a review of some of the most interesting and challenging industries in which to provide valuation services. Individual webcasts will focus on the nuances and unique aspects of each industry and present common methodologies and recommendations for providing accurate and reliable valuations. Each of the webcasts will be led by senior valuation professionals with many years of experience in these specific industries and will be available for any questions that may arise. Each of the following events begins at 2 p.m. ET (unless otherwise noted) and qualifies for 2 CPE credits. Register for the 9-part bundle and save 10%! FVS/CFF/ABV members save an additional 20% off the bundle or the individual sessions!

    May 1 - Valuation of Professional Firms
    Register for Free (no CPE) | Register to Receive Discounted CPE

    May 6 - Valuation of Automobile Dealerships
    Register for Free (no CPE) | Register to Receive Discounted CPE

    May 20 - Valuation of Quick Serve Restaurants and Retail Stores
    Register for Free (no CPE) | Register to Receive Discounted CPE

    June 3 - Valuation of Oil and Gas Companies
    Register for Free (no CPE) | Register to Receive Discounted CPE

    June 10 - Valuation of Ambulatory Surgery Centers
    Register for Free (no CPE) | Register to Receive Discounted CPE

    June 25 - Valuation of Physician Practices
    Register for Free (no CPE) | Register to Receive Discounted CPE

    July 10 - Valuation of Dental Practices
    Register for Free (no CPE) | Register to Receive Discounted CPE

    July 22 - Valuation of Wineries and Vineyards
    Register for Free (no CPE) | Register to Receive Discounted CPE

    July 30 (3 p.m. ET) - Valuation of Technology
    Register for Free (no CPE) | Register to Receive Discounted CPE

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    Tell Your Staff — CFF and ABV Exam Review Courses
    Save on travel costs! The summer CFF and ABV Exam Review Courses are online this year, but students will have the ability to ask questions and interact with instructors just like the in-person sessions. The goal of these review courses is to prepare candidates to take and pass the CFF or ABV Exam. Individuals taking these courses will receive a comprehensive overview of the respective body of knowledge. This course includes helpful test-taking tips and review questions to assist in exam preparation. Register now for the ABV Exam Review Course June 5-6 or the CFF Exam Review Course June 16-17. FVS/CFF/ABV members save $100 on either course. And don’t forget, early bird registration for the CFF Exam and ABV Exam expires on May 1.
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    Comments Issued on International Valuation Standards Council Exposure Draft
    On March 31, the AICPA FVS Executive Committee issued a comment letter presenting its responses and concerns to certain questions for respondents raised in the first chapter of a rolling project to provide illustrative examples for many of the valuation concepts and principles discussed in the International Valuation Standards (IVS) Framework: Chapter 1 - Bases of Value. The primary concern with the exposure draft is the inconsistent terminology between the IVS Framework and existing terminology used in US GAAP, International Financial Reporting Standards, and the International Glossary of Business Valuation Terms. Download the comment letter to read the AICPA's responses and additional concerns.
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    Don't Miss the 2014 AICPA National Business Valuation Schools - Seats Limited!
    Learn more about valuation at the AICPA National Business Valuation School. During five intensive days, attendees will learn the relevant new theories, applications, best practice methods and have a full day devoted to a real-world case study that will demonstrate how standards, techniques and approaches are incorporated into everyday practice. CPE: 45 credits. Register for one of the dates and locations below:
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    Last Chance — AICPA/AAML Conference on Divorce
    Jointly sponsored by the AICPA and the AAML, the Conference on Divorce is an intensive program that provides innovative ideas and timely solutions to help you succeed in a myriad of circumstances - to settle cases, value businesses, split marital assets, identify fraud, utilize electronic discovery & evidence, locate foreign assets and develop strategies to handle high-profile and unique cases. Earn 18 CPE credits at the main conference Apr. 24-25 in Las Vegas. Register now and save $100.
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    Fraud Prevention
    Check out this article on fraud featuring an FVS Section member and the Kroll 2013/2014 Global Fraud Report. According to the article, internal financial fraud is on the rise and 70% of companies surveyed experienced fraud during 2013. FVS/CFF/ABV members enjoy unlimited access to the AICPA Fraud Resource Center, a suite of resources included free with your membership.
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    CFF Mentor Program Update
    The first pairings are being established now for the new CFF Mentor Program. One of the greatest hurdles for CPAs new to the forensic services area is where to get guidance on growing their practice and the unique challenges and opportunities that forensic CPAs encounter. This article explores the new program.

    If you or your staff are interested in participating in the CFF Mentor Program you can find more information and applications here.
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    AICPA.org and CGMA.org Were Not Affected by Heartbleed Bug
    Numerous media outlets recently have reported on the Heartbleed bug, which is a vulnerability that allows someone to access otherwise encrypted data, including passwords. Be assured your information with the AICPA is safe. AICPA.org and CGMA.org were not affected by this vulnerability. However, it is recommended that you contact any organizations directly that may have been affected by the bug to determine the best course of action. Tax practitioners should know that the Internal Revenue Service has said it has not been affected by the Heartbleed bug. CPAs play a vital role in the security and protection of data. You're encouraged to reach out to your clients and employers that may be affected by this bug to relay cyber security best practices, which can be found on AICPA.org.
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    Featured FVS Resource

    The 2014 Valuation Handbook - Guide to Cost of Capital includes data previously available in the SBBI Valuation Yearbook and data available in Duff & Phelps Risk Premium Report. FVS/ABV/CFF members save 10%.

    FVS CPE Calendar
    Reports Used in Business Valuation Including Calculation vs. Valuation
    Apr. 22, 3 p.m. ET, CPE: 2 credits
    Register for Free (no CPE)

    AICPA/AAML National Conference on Divorce
    Apr. 24-25, Las Vegas, CPE: 21 credits

    AICPA National Business Valuation School
    May 19-23, Atlanta, CPE: 45 credits
    June 9-13, New York, CPE: 45 credits
    July 28-Aug. 1, Denver, CPE: 45 credits

    AICPA Expert Witness Skills Workshop
    Sept. 11-13, Washington, D.C., CPE: 28 credits

    AICPA Fair Value Measurements Workshop
    Sept. 29-30, New York, CPE: 16 credits

    AICPA Forensic & Valuation Services Conference
    Nov. 9-11, New Orleans, CPE: TBD

    FVS, CFF and ABV member discounts available.

    Click here to stay up to date with live, virtual and self-study CPE opportunities brought to you by the FVS Section.

    CFF & ABV Exam Registration
    Registration is now open for the 2014 Summer CFF and ABV Exams! The exam windows run July 1-31. Visit the CFF Exam page or the ABV Exam page today to sign up. Section members save $100 on either exam. Additional discounts are available for early registration and group registration!
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