This year has been challenging. Whether facing personal or professional obstacles, we’ve all had to quickly adapt to a new way of doing things. We, on the FVS team, hope that we’ve helped you to overcome some of your professional obstacles by providing you with timely and insightful resources and tools to help you to continue to serve your clients and organizations during these unprecedented times without compromising on quality or efficiency.|
If you haven’t already, visit our forensic and valuation COVID-19 webpages for valuable resources that’ll assist you in helping your clients or organizations face the challenges of this year’s global pandemic. Some of the items include:
In addition to our COVID-19 resources, we wanted to remind you of some last-minute opportunities to get some free end-of-year CPE. We hope that these learning opportunities will help you deepen your knowledge so you can end the year strong. As always, we’re happy to help you and provide you with offerings to elevate your skillsets.
The FVS Team
Barbara, Eva, Angela, Christine, Howard, Iesha, JoAnna and Mark
Headlines and trends|
Emergence through fresh-start reporting |
As an entity moves through the bankruptcy process, it must meet certain criteria to qualify, upon emergence, for fresh-start reporting under FASB ASC Topic 852, Reorganizations. This article discusses such criteria that includes the loss-of-control test and the reorganization-value test.
AICPA advocacy makes big impact during pandemic
2020 has been an unprecedented year full of twists and turns, and our advocacy efforts have been behind you every step of the way. See our efforts for you in this recent AICPA Insights article.
Four A&A challenges caused by COVID-19
Regulators have seen several quarters of reporting in the COVID-19 environment, and fraud and impairment related to non-financial assets are two of the top four challenges they’re seeing.
Still need to meet your ABV ethics requirements?
Don’t miss the upcoming Ethics Update: A Peek at the PEEC on December 16 at 1 pm ET. This update on recent changes to the AICPA Code of Professional Conduct and refresher on other topics the ethics hotline staff are frequently asked will also cover the current and future initiatives of the Professional Ethics Executive Committee.
AICPA Town Hall – Dec. 3|
In case you missed it, check out the latest AICPA Town Hall. This episode covers an DC legislative, IRS and SBA/Treasury update, how to apply for forgiveness, year-end tax planning and much more.
Upcoming CPE learning and events|
AICPA Virtual Business Valuation School
Dec. 14-18, online school, 45 CPE credits
Understanding and Enhancing Business Value
Dec. 15, 1-2:15pm ET, webcast, 1.5 CPE credits, Free for FVS Section members (including ABV and CFF credential holders)
Ethics Update: A Peek at the PEEC
Dec. 16, 1-2 p.m. ET, webcast, 1 CPE credit
Breaking into Business Valuation Series
Part I: Valuation of Pass-Through Entities – Dec. 21, 1-2 p.m. ET, webcast, 1 CPE credit
Part II: Estate and Gift Tax Valuation, including Valuation of Family Limited Partnerships (FLPs), and Buy-Sell Agreements – Dec. 21, 3-5:30 p.m. ET, webcast, 2.5 CPE credits
Part III: Valuation for Family Law and Divorce – Dec. 22, 1-2:30 p.m. ET, webcast, 1.5 CPE credits