FVS News - Current Issue 


    AICPA Webcast Series – Industry Specific Valuations
    AICPA FVS News
    Member-Exclusive News, Resources and Events
    April 23, 2014
    In This Issue
    Download the Updated FVS Practice Aid – Serving as an Expert Witness or Consultant
    AICPA Webcast Series – Industry Specific Valuations
    Are You Interested in Volunteering?
    Tell Your Staff - CFF and ABV Exam Review Courses
    Comments Issued on International Valuation Standards Council Exposure Draft
    Navigating Risk and Fraud at the PSTech Conference
    Did You Know – Receive a Discount to The National Economic Review
    CFF & ABV Exam Registration
    FVS Member Advantages
    Download the Updated FVS Practice Aid – Serving as an Expert Witness or Consultant
    The FVS Collection of the Online Professional Library (OPL) (requires AICPA logon) has been updated to include Serving as an Expert Witness or Consultant, 2nd Edition. This practice aid provides non-authoritative guidance when the practitioner is serving as an expert witness or consultant for litigation and dispute service engagements and covers topics such as:
    • Roles of the Practitioner
    • Authoritative Literature
    • Federal, State, and Local Requirements
    • The Client-Practitioner Relationship
    • Discovery
    • ADR and much more.
    FVS/CFF/ABV members should log in to OPL today to access your complimentary copy. It is also available as a free eBook through CPA2Biz.
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    AICPA Webcast Series – Industry Specific Valuations
    This 9-part live webcast series provides a review of some of the most interesting and challenging industries encountered in today’s most common valuation engagements. 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 get an additional 20% off!

    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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    Are You Interested in Volunteering?
    The AICPA has over 120 volunteers who serve on the various Forensic and Valuation Services (FVS) committees and task forces. If you are interested in participating on a committee or task force, please log on to Volunteer Central and complete the volunteer application by May 15. Please make sure to load a resume or CV when you complete the application. The FVS Committees are:
    • FVS Executive Committee
    • BV Committee
    • FLS Committee
    • ABV Credential Committee
    • CFF Credential Committee
    In addition, there are numerous task forces set up every year to work on special projects identified by the committees. Over the past year, committees have developed practice aids, created the CFF and ABV Exams, commented to the DOL, the Appraisal Foundation, and the International Valuation Standards Council on issues important to our members, served as Champions at the state level, and much more. Our volunteers are what make the AICPA the great organization it is, so please consider serving on one of our committees or task forces. Submit your application and resume by May 15!
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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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    Navigating Risk and Fraud at the PSTech Conference
    FVS Section members may be interested in the 2014 Practitioners Symposium and Tech+ (PSTech) Conference in Las Vegas on June 9-11. There will be an entire learning path dedicated to navigating risk and fraud related to cyber security. Key topics include evaluating information security risks, using audit analytics to detect fraud, and forensics preparedness. Earn 23.5 CPE credits. Register early and save $75 until May 9. FVS/CFF/ABV members save an additional $100.
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    Did You Know FVS Section Members Now Receive a Discount to The National Economic Review?
    In your next valuation, use the leading discussion of the national economy – Mercer Capital’s National Economic Review (NER). Authored (and used) by one of the leading business valuation firms in the nation, the NER consists of 15-20 pages of text/exhibits/charts reflecting annual and quarterly economic indicators, investment trends, and more. Data is derived from the most credible and authoritative government, industry, and business sources. The NER is distributed in Word and Excel file formats to enable seamless inclusion in your business valuation reports. Subscribe to the National Economic Review and receive a 20% FVS/CFF/ABV member discount. As part of your subscription, you will have access to over 20 years of back issues. Click here to begin your subscription today. Discount is available for new subscriptions only.
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    Featured FVS Resource
    This comprehensive resource examines each of the basic valuation approaches, and reviews the research and due diligence necessary for you to effectively value specific intangible asset types. Through illustrative examples and clear modeling, this book makes abstract concepts come to life to help you deliver strong and accurate valuations.

    FVS/CFF/ABV members save 20%!
    FVS CPE Calendar
    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.

    FVS, CFF and ABV member discounts available.

    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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