International Association of Certified Valuation Specialists Headquarters News

IACVS 2025 World Council Meeting Successfully Hold in Korea

Lisa Guo — Fri, 14 Nov 2025 17:30:00 GMT

The IACVS's 2025 World Council Meeting was successfully hosted on November 13, 2025 at Korea Valuation Association in Seoul, Korea. About 20 delegates from 7 countries joined this meeting.

Mr. William Hanlin started the opening greetings. He showed his deeply thanks to every attendee coming to this meeting. Mr. Hanlin talked about the new version of the IACVS Standards was launched in October 2025, he emphasized IACVS follows the IVS standards. Meanwhile, he mentioned the IACVS education team will update the ICVS course materials at the end of 2025 and 2026, and we would also add ESG and AI test questions to ICVS examinations, we welcome all attendees provide questions that related to examinations. Besides, he shared his opinions about the ESG Best Practices project to everyone.

Delegates made their own presentations about the valuation and regulations in their countries. They discussed and exchanged opinions with each other, too.

Mr. Zhu Jun from Zhonghe Appraisal Co.,Ltd, introduced his career in BV. He also talked about the China regulations and The Law of the People’s Republic of China on Asset Appraisal (Asset Appraisal Law), along with the BV supervision in China.

Mr. George Badescu shared the business valuation in Romania and valuation associations in Europe.

Mr. Praveen Subramany, the chapter leader of IACVS-India, he discussed the current situation of business valuation in India, governance of BV in India, education & new ideas and new plans for 2026.

Dr. Seoul, the founder of Korea Valuation Association (KVA), as our distinguished guest, he shared the four pillars of Korean Valuation, Regulatory Evolution ,ESG & New Frontiers from his point of review.

Mr. KeeHeon Cho from Korea Valuation Association (KVA), he introduced the mission and vision of KVA, the major projects carried out by KVA in 2025 and delivered its 2026 Strategic Focus. Mr. Cho showed KVA’s training statistics from 2023-2025 and its education plan for 2026. Besides, Mr. Cho emphasized KVA would reinforce its leadership as IACVS's Korea Charter Member through AI valuation research, global standard alignment, and regional innovation network building. He said KVA will be committed to connecting technology and markets, developing future talent and strengthening Korea's position in the global valuation ecosystem. Mr. Hanlin spoke highly of what KVA has done for past years.

Mr. Yan Quanshan, the founder and president of the North Asia Assets Appraisal Co., Ltd, he introduced his company business scopes and the great team for carrying out overseas and domestic valuation projects. Mr. Yan said they have always taken "Discovering Value, Realizing Value" as their mission. People from Mr. Yan’s company are always willing to learn the advanced valuation practices knowledge and skills from overseas professionals. They trust they can serve their clients better with these skills.

Mr. Zhang Xinghui, the co-founder of Xinliu Huigu Technology Co.,Ltd, he shared the online valuation system-which can value modern business with AI. Mr. Zhang mentioned the system is now widely adopted by OTC markets, banks, consulting firms, and government departments across China, it has served over ten thousand clients. At the end of the meeting, Mr. Hanlin, who represented IACVS, signed the MOU with Mr. Zhang Xinghui, the founder of Beijing XinLiu HuiGu Technology Co.,Ltd, both parties agreed to cooperate with each other in some areas in the near future.

This is a meaningful meeting, everyone thought we should strength communications and provide best service for clients.

“AI Valuation, What's the Future?” - Seminar in Thailand

Lisa Guo — Wed, 12 Nov 2025 12:30:00 GMT

On November 11, 2025, Mr. William A. Hanlin Jr., CEO& President of International Association of Certified Valuation Specialists (IACVS), delivered a speech at the seminar hosted by FIABCI. The theme of Hanlin’s topic is AI Valuation, What's the Future? You can now download full VDO and paper by clicking the following link here: https://www.fiabci-thai.org/seminar/index.php?id=27

Workshop on the valuation of AI, IP, and ESG in Taipei

Lisa Guo — Fri, 07 Nov 2025 06:57:05 GMT

As the rapid advancement of AI converges with global sustainability transitions, accurately assessing the value of technological innovation and intangible assets has become central to investment decisions and corporate governance. To help industry leaders and investors navigate these emerging valuation paradigms, the Taiwan Economist Society hosted the “AI, IP, ESG and Biodiversity Valuation Workshop” on November 4 in Taipei, in collaboration with the Chinese Association of Business and Intangible Assets Valuation (CABIAV) and Biomimicry Taiwan. The event brought together leading experts from Taiwan and abroad to explore next-generation valuation approaches at the intersection of AI, intellectual property, and sustainable developments.

The workshop opened with remarks from Prof. Robert Su, the co-founder and former Chairmen of CABIAV. The first speaker, Dr. Julie Sun, President of the Taiwan Economist Society, has long been engaged in intellectual property valuation, sustainability and policy research. She currently serves as Executive Director of CABIAV and Chair of the AI & ESG Committee under CABIAV, and is also the founding Chairmen of Biomimicry Taiwan. Her presentation, “Valuation of AI, IP, and ESG,” guided participants through global capital markets and ESG valuation trends, highlighting the interplay between market capitalization, brand value, and governance performance. She further examined the fundraising and valuation challenges faced by AI startups—including the role of intangible assets, team premium, and technology milestones—and introduced decision-making models commonly used in biotech R&D valuation. Dr. Sun emphasized that the development of AI and biotechnology are reshaping valuation logics, and that the ability to identify “future, unrealized value” is becoming a defining capability for next-generation investors and strategic leaders.

The second speaker, Mr. Shun-Yi Fang, VP of the Sustainability Division at Taiwan Economic Journal (TEJ), delivered a session titled “Foreseeable shocks: How natural and physical risks impact corporate value.” He presented the financial implications of climate and nature-related risks and outlined the evolution from TCFD to TNFD disclosure frameworks. Through case-based analysis, he demonstrated how extreme weather, flooding, and drought events translate into asset impairment and operational disruptions, and discussed how ESG disclosure quality influences corporate financing conditions and valuation outcomes.

The keynote address was delivered by Mr. William A. Hanlin, Jr., President and CEO of the International Association of Certified Valuation Specialists (IACVS). In his talk, “Evolution of Business Valuation Best Practices: AI, ESG, and IP,” Mr. Hanlin provided a global overview of AI’s emerging role and limitations in professional valuation practice. He also discussed methods for integrating ESG factors into valuation reports, while sharing current international standards, best practices, and ESG developments.

The workshop concluded that the convergence of AI and ESG represents not only a global shift in valuation standards but also a critical opportunity for restructuring corporate competitiveness. Together, the three sessions—spanning AI technologies, intellectual property, climate and nature-related risks, and evolving global disclosure frameworks—introduced new perspectives that will help strengthen the intangible asset valuation capabilities and sustainable governance practices. Moving forward, it is expected to advancing cross-disciplinary valuation methodologies, promoting alignment of international policies and regulations, and contributing to a value-driven sustainable economic ecosystem.

IACVS 2024 World Council Meeting Successfully Hold in Hong Kong

Lisa Guo — Mon, 25 Nov 2024 11:21:52 GMT

The IACVS's 2024 World Council Meeting was successfully hosted at Dorsett Kai Tak Hotel in Kowloon Hong Kong on November 20, 2024. Over 20 delegates from 7 countries joined this meeting.

Mr. William Hanlin started the opening greetings. He showed his deeply thanks to every attendee coming to this meeting. Then each attendee introduced himself/herself.

Mr. Hanlin talked about the new version of the International Valuation Standards (IVS) from IVSC. Meanwhile, he pointed out the valuation standards of IACVS is under being updated and reviewed by IACVS valuation standards team. Besides, he shared his opinions about the ESG Best Practices project to everyone. Delegates made their own presentations about the valuation and regulations in their countries. They discussed and exchanged opinions with each other.

This is a meaningful meeting, everyone thought we should strength communications and provide best service for clients.

Mr. Hanlin also attended the IVSC's AGM on November 21&22 in Hong Kong. He met some good friends and had a great time there.

ESG Seminar in Bangkok

Lisa Guo — Tue, 19 Nov 2024 12:19:03 GMT

On Monday, November 18, 2024, there was a free Webinar - Introduction to ESG Risks in Valuation organized by FIABCI World Council of Experts.

Mr. William Hanlin, as the key speaker, delivered a 5 hours' speech. It is a very successful webinar with over 100 participants. Attendees have learnt a lot from this valuation seminar. Please see details at https://www.area.co.th/e/8291

ESG Seminar in Korea

Lisa Guo — Mon, 18 Nov 2024 12:15:00 GMT

Korea Valuation Association successfully hosted the ESG seminar on November 15.

APIEx Symposium 2024 - A Focus on Valuation in Dispute Contexts (28 Nov 2024, 1.00pm - 6.00pm (GMT+8))

Lisa Guo — Thu, 14 Nov 2024 07:06:25 GMT

APIEx Symposium 2024 - A Focus on Valuation in Dispute Contexts

28 Nov 2024, 1.00pm - 6.00pm (GMT+8)

The Asia Pacific Institute of Experts (“APIEx”) is a Singapore-based Asia Pacific-focused professional body which aims to spearhead the development of professional expertise in the field of Expert evidence both locally and in the Asia Pacific region. APIEx is currently chaired by Prof Leslie Chew SC and enjoys the support of the Singapore Judiciary (some of whom have been keynote speakers/speakers at our various events) as well as various Singapore government agencies such as the Ministry of Law, Intellectual Property Office of Singapore, Monetary Authority of Singapore.

About the Symposium

As the complexity of disputes has increased, the rigour and sophistication with which Courts and Tribunals assess valuations has also become more intense. Asia Pacific Institute of Experts (APIEx) is delighted to host a half day Symposium dedicated to valuations and supported by the IVAS - Institute of Valuers and Appraisers, Singapore (IVAS), the Intellectual Property Office of Singapore (IPOS) and the International Valuation Standards Council (IVSC) on November 24, 2024.

IACVS is the supporter of this conference. So all of IACVS members will enjoy the preferential rate of S$295.00 (instead of S$395) to attend the Symposium.

Register at Asia Pacific Institute of Experts - APIEx Symposium 2024 - A Focus on Valuation in Dispute Contexts (28 Nov 2024, 1.00pm - 6.00pm (GMT+8))

Welcome you join!

IACVS ESG Seminar in Malaysia

Lisa Guo — Mon, 11 Nov 2024 12:03:12 GMT

On 8 November 2024, the Business Valuers Association Malaysia (BVAM) hosted a highly impactful one-day hybrid seminar titled "Incorporating ESG into Business, Real Estate, and Intangible Assets Valuation Models" at the Kuala Lumpur Golf and Country Club that was attended by about 126 participants This transformative event brought together experts, practitioners, and stakeholders from various sectors to explore the critical integration of Environmental, Social, and Governance (ESG) factors into valuation practices, marking a significant step toward incorporating sustainable finance and investment approaches within the valuation profession.

The seminar offered attendees a comprehensive overview of how ESG considerations can be systematically embedded into valuation models, enhancing both the accuracy and relevance of valuations in today’s increasingly sustainability-conscious market.

Key Highlights

The sessions focused on the evolving frameworks and methodologies for integrating ESG factors into the valuation of businesses, real estate, and intangible assets, with valuable insights from the International Valuation Standards Council (IVSC).

Key topics included practical techniques for adjusting cash flow projections and discount rates to account for ESG-related risks and opportunities. The discussions underscored the growing importance of ESG factors in influencing both short-term financial performance and long-term asset resilience. Attendees gained valuable perspectives on assessing material ESG issues, overcoming data challenges, and aligning valuation practices with industry best practices.

Broader Implications of ESG Integration

In addition to the technical aspects of valuation, the seminar also highlighted the broader implications of ESG integration for investors, regulators, and businesses striving to meet rising standards of corporate responsibility and sustainability. By aligning valuation methodologies with ESG priorities, practitioners can offer a more holistic and forward-looking view of asset values, addressing the increasing demand for transparency and accountability in financial reporting.

This seminar provided an essential platform for valuation professionals to refine their skills, connect with peers, and contribute to the advancement of sustainable practices within the industry. It also served as a valuable opportunity for practitioners to deepen their understanding of how ESG factors can enhance the long-term value of assets, ensuring that valuations reflect the full scope of risks and opportunities in an evolving global market.

ESG Seminar in Taipei

Lisa Guo — Fri, 08 Nov 2024 11:53:25 GMT

The Taiwan Association of Intangible Assets and Business Valuation successfully hosted the "ESG and International Intellectual Property Valuation and Operation Summit Forum" on the afternoon of November 6 at National Taipei University of Business. The event focused on exploring the effective integration of ESG (Environmental, Social, and Governance) factors into valuation and appraisal practices. The forum attracted numerous experts from academia and industry, fostering valuable discussions on the application, benefits, and challenges of incorporating ESG considerations into evaluation processes.

The keynote speech at the conference was chaired by Prof. Robert Kua-Terng Su, Honorary President of the Taiwan Association of Intangible Assets and Business Valuation, and delivered by William Hanlin, President of the International Association of Certified Valuation Specialists (IACVS). The keynote address, titled "Assessing and Reporting ESG Considerations in Valuation and Appraisal Work," covered foundational concepts of ESG (Environmental, Social, and Governance), its historical context, significance, international standards such as those established by the IVSC, data collection and analysis, and strategies for integrating ESG risks into valuation reports. In his address, President William Hanlin provided an in-depth analysis of ESG's role in modern valuation and appraisal practices, framing it through a historical and contextual lens. He highlighted that the concept of ESG first emerged in the 1960s and gained prominence through pivotal events, such as the 1989 Exxon Valdez oil spill, the 1997 Kyoto Protocol, and the 2015 Paris Agreement. These milestones drove regulatory bodies to mandate corporate disclosure of ESG ratings, emphasizing ESG's critical role in investment decisions and sustainable corporate development.

President William Hanlin emphasized the need for a comprehensive integration of ESG evaluation processes, spanning data collection, analysis, and report preparation. He highlighted that data must possess both "relevance" and "reliability," aligning with international valuation standards such as IVS 106. The speech further detailed how ESG factors can be incorporated into three common valuation methodologies. For the asset-based approach, considerations include replacement or reconstruction costs. In the market-based approach, ESG risks in comparable transactions are analyzed. For the income-based approach, adjustments are made to cash flows or discount rates. President Hanlin also recommended the use of tools such as questionnaires and "analytical assessment templates" to systematically collect data, ensuring accuracy in evaluation results.

President William Hanlin addressed the challenges in ESG evaluation, noting that while historical data may be reliable, it is not always relevant, whereas forward-looking data, though relevant, may lack reliability. He emphasized that in the absence of concrete data, appraisers must rely on professional judgment, taking care to avoid personal biases that could affect outcomes. The speech also highlighted how ESG factors influence the Weighted Average Cost of Capital (WACC), including their impact on equity costs, interest rates, and Beta. President Hanlin advocated for greater reference to international standards and practical experience in ESG evaluations to enhance decision-making transparency and fairness in the future.

The keynote speech was followed by three presentations from industry experts.

The first presentation was chaired by Prof. Huoshu Peng, Honorary President of the Taiwan Association of Intangible Assets and Business Valuation, and delivered by Dr. Zhi-li Sun. The topic of the presentation was "Principles of ESG Valuation, Biopharmaceutical Patent Valuation, and Operational Practices." Drawing on her extensive research experience, Dr. Sun provided a detailed explanation of how ESG valuation principles can be integrated into the practical application of biopharmaceutical patents, from technical value assessment to patent licensing operations, helping companies develop more competitive strategies in a rapidly changing environment. Dr. Sun emphasized that the value of patents extends beyond financial returns, serving as a critical resource for achieving ESG objectives. She conducted an in-depth analysis of the main purposes and applications of intellectual property valuation, including investment evaluation, transaction pricing, financial reporting, tax planning, and legal use cases. She particularly stressed the need to consider diverse variables in patent valuation, such as market demand, technological uniqueness, industry competition, and product lifecycle. These factors not only impact the immediate market value of assets but also determine their potential for future earnings. Additionally, Dr. Sun demonstrated, using international case studies, how market-based, cost-based, and income-based approaches can be applied to provide a comprehensive value judgment for intellectual property.

In addition, Dr. Sun provided a detailed explanation of the core process for evaluating biopharmaceutical patents, from preliminary data collection and market analysis to subsequent economic value assessment. She demonstrated how the risk-adjusted net present value (rNPV) method can be applied to evaluate the value of new drug technologies. Dr. Sun highlighted that this approach is particularly critical for resource-constrained companies, as it enables them to more accurately forecast the returns and risks of research and development investments, thereby improving the precision of their overall strategic decision-making.

The second presentation was chaired by Prof. Hsing-Chin Hsiao from the National Taipei University of Business and delivered by Mr. Jin-Rong Wu, General Manager of Microdrive Technology Co., Ltd. The presentation, titled "The Current State, Future, and Challenges of the Global Semiconductor and Artificial Intelligence Markets," began with an overview of the development of the semiconductor industry, tracing its history from the invention of the transistor at Bell Labs in 1947 to the birth of integrated circuits and the founding of Intel. General Manager Wu elaborated on how early technological breakthroughs significantly impacted the global semiconductor market, presenting a rich historical context that demonstrated how technology has driven market growth. He further analyzed current global trends in semiconductor market revenues and applications, specifically highlighting the significant revenue growth of TSMC in 2024 and its strong market share in core sectors. Mr. Wu emphasized that Taiwan, as a global leader in wafer foundry, will continue to strengthen its technological capabilities and market influence. However, he also noted the ESG challenges Taiwan faces, such as water resource scarcity and insufficient green energy supply, which require urgent attention.

The second part of General Manager Wu’s presentation focused on the rapid development of Artificial Intelligence (AI). Mr. Wu reviewed AI's evolution, from its origins at the Dartmouth Conference in 1956 to the breakthroughs in generative AI, such as ChatGPT, highlighting the market's anticipated exponential growth. He explained how advancements in NVIDIA's GPU technology and deep learning models have enabled AI to be widely applied across industries, including manufacturing, commerce, and healthcare. Using NVIDIA's dominance in the GPU market as an example, General Manager Wu provided an in-depth analysis of the surging demand for AI chips and their future growth potential. He also addressed the shared challenges facing the semiconductor and AI industries, such as the high energy demands of data center operations and the insufficiency of green energy supplies. General Manager Wu concluded by emphasizing that global tech giants like Google, Meta, and Tencent are accelerating their development of AI solutions, and that Taiwan's semiconductor industry must simultaneously enhance resource efficiency and technological innovation to remain its competitive in the global market.

The third presentation was moderated by Chien-Pu Chin, who is the Patent Attorneys Association of the Republic of China, and delivered by Mr. Cheng-Ta Chen, a patent attorney from Broad flow Intellectual Property Office, on the topic of "Technological Innovation and Patent Value: A Key Driver for ESG Transformation." Drawing from his practical experience, Attorney Chen explained how the integration of technological innovation and patent strategies can help businesses enhance their competitive advantage during the process of sustainable transformation. The presentation initially focused on how patent value is reflected in the core issues of ESG. Attorney Chen highlighted that patents are not only a representation of a company’s asset value but also an effective tool for achieving ESG objectives. For instance, the application of green technology patents allows businesses to achieve more efficient resource utilization and pollution reduction while simultaneously strengthening market competitiveness. Moreover, the cross-border licensing and transfer of patents can promote sustainable development globally, providing strong support for the realization of ESG goals.

The presentation featured multiple case studies to illustrate the practical application of technological innovation and patents. For instance, ECOCO leveraged AI classification technology to enhance recycling efficiency, enabling PET bottle materials to meet international food-grade standards. Similarly, the ZecZec Cup addressed the recycling challenges of disposable paper cups through its foldable design, offering a product that combines practicality with environmental value. These cases demonstrated how patented technologies can effectively reduce resource waste in traditional industries through innovative designs, achieving a win-win scenario for both ESG goals and economic benefits. Attorney Chen further emphasized that patent valuation is a critical component in technology operations and market strategy. He analyzed how the market approach, income approach, and cost approach can be employed to comprehensively assess the technological value of patents, ensuring optimal commercial benefits during technology transfer and licensing processes. Particularly in the context of the ESG trend, Attorney Chen highlighted that patent strategies must take into account environmental impact and long-term social value to ensure that technological innovations substantively contribute to a company’s sustainable development.

The forum covered a wide range of topics with in-depth discussions. Through multiple presentations and the sharing of practical case studies, participants gained a comprehensive understanding of the real-world applications of ESG in valuation and intellectual property assessment. It also offered forward-looking strategies and methodologies. The significance of this summit lies in its role as a valuable interdisciplinary platform for academia, industry, and policymakers to engage in dialogue. It delved deeply into how ESG evaluation serves as a critical driver for promoting sustainable development and enhancing innovative competitiveness in businesses. Looking ahead, events like this will continue to exert influence, advancing the practical implementation and widespread adoption of ESG principles. Moreover, they will help Taiwan showcase exemplary models of sustainable development on the international stage.

The First Innovative Valuation Conference Successfully Hold in Korea

Lisa Guo — Sun, 02 Apr 2023 11:48:47 GMT

IACVS, KVA together with KISTI held a busy conference at the UST Auditorium, Daejeon, Korea on March 21-22, 2023. The theme of this conference is “Valuation new assets, what’s the future?” Attendees included experienced business valuation professionals from six countries –US, China, India, Korea, Malaysia and Indonesia. Nearly160 participants attended the conference.

The conference was opened with remarks by Chairman of KVA, HoonSik Kim and president of KISTI, Jaesoon Kim.

Hoonsik Kim discussed the importance of valuation purposes in the real market and financial market, and in particular, with the rise of the new assets such as big data, block-chain and cryptocurrency, interest in how to measure these values in increasing. Various professional institutions in Korea are developing and applying valuation models specialized for each industry, and new changes and various attempts are being made overseas, such as reflecting ESG in evaluation criteria. Mr. Kim also said KVA would be expected to contribute greatly to the vitalization and growth of the domestic valuation market. Hoonsik Kim wished everyone who attended this event good health and happiness.

Jaesoo Kim said, KISTI, as the national data chief officer, contributes to the realization of the digital economy by building, utilizing, and spreading science and technology knowledge infrastructure such as science and technology information and data, supercomputing, ultra-high- speed research networks, cybersecurity and intelligent analytics. Jaesoo mentioned the most important thing in the digital economy is the valuation of intangible assets, and it is predicted that related industries will grow to unimaginable levels in the future through active trading of assets such as data. In line with this trend, Ministry of Science and ICT is taking the lead in creating a policy environment such as by preparing the data Industry Act for data valuation. As part of this, KISTI, a data-centric organization, was recently designated as a data valuation agency. KISTI aims to play a pivotal role in not only developing and analyzing data valuation models but also creating and revitalizing data trading and related markets based on its long-established capabilities in data management and valuation. Jaesoo Kim wished this conference ended with a completed success.

During the keynote speeches, Jaesoo Kim delivered a speech focus on the importance and use of Data. The worlds changes with data. He provided a good photo example – Just good food fresh ingredients (from Julia Child).

Bongsoo Kim, president of COMPA, gave a speech on technology valuation in research to business (R2B), a good collaboration system.

Mr. William Hanlin, President & CEO of IACVS, expressed his warm welcome to all participants and discussed the global valuation trends & future. Hanlin also pointed out the standards updating about ESG and financial instruments, the evolution of data via internet resources and purchase as data.

During the first session key note speech, Jaepil Lee shared beginning of technology valuation in Korea, technology valuation trends and key issues in Korea industry. He pointed out the news types of intellectual property on the rise such as cultural content, software and semiconductor layout design. Zhu Jun shared the ecosystem of technology valuation in China via professional status of Chinese technology valuation, demand and support of technology valuation, valuation approaches, methods and tools. Praveen Subramanya’s topic is on IP valuation in traditional practices & legal environment, he gave out the definitions of intellectual property rights in India, legal history of IP in India, evolution of valuation profession, requirement of IP valuation, valuation challenges and future in India. Elvin Fernandez shared the framework for valuation in ASEAN. He told us the established and development of ASEAN, real estate and business valuations in ASEAN, regulations governing valuers in the ASEAN counties, the governing framework for valuations in Malaysia and why the framework is important.

At the networking party for all attendees, Mr. Hanlin announced IACVS awarded Dr. Seol the IACVS honorary lifetime membership certificate to recognize his tireless efforts with respect to training professional valuators in the art & science of valuing intangible assets and his significantly contributions to South Korea valuation standards and IVSC standards.

During the second session key note speech, four speaker – Hyunjung Oh talked about the valuation model study for Healthcare. The current status of Bio-health valuation in Korea, differentiation of Bio-health Technology commercialization, characteristics of Biohealth industry, rish-adjusted net present value, analysis points for valuation and Khidi-value system for io-health valuation. Jerry Lin talked about the transfer pricing valuation vs valuation for other purposes from the two aspects – valuation in USA and challenges of valuation after COVID -19. Jongtaik Lee spoke about the valuation model study for Bigdata. Seongkwang Baek told about the new asset valuation for Cryptocurrency.

The third session key note speech followed on the second day. Airana Chen shared the topic about China’s asset appraisal industry in 2022 and a case study her firm done for the China Southern Airlines. Donghyeon Jim delivered a topic about technology evaluation methodlogy for IPO of Tech-based commpany. Nicholas Talbot talked about the international valuation standard update 2022, he also explained the IVSC structure and changes is constant: Covid, Inflation, AVMs, AI, ESG etc. Jungeun Song shared a topic on a case study for technology value assessment, it’s a proof for best practices for valuation.

The fourth session key note speech continued in the afternoon. Su Zhengyu talked about application of AI technology in BV and her firm’s AI products to make valuator’s work easily. Sungki Kang talked about performance for R&D based firm valuation. Prof. Huang Chih Sung from Chengchi University, talked legal perspectives of IP valuation. He pointed the value of IP would be significantly affected if they expire, are revoked or are not as effective as expected. IP evaluation from a legal perspective should be taken seriously. Heechang Park talked about AI based technology rating model for innovative SMEs.

There also had a special forum and discussion leadership and next challenge after the conference. Sungsool Seol, William Hanlin, Jerry Lin, HoonSik Kim, Bongsoo Kim, Byeongsoo Park and Nicholas Talbot had a short discussion on the challenging of valuation profession. There have much work to do to make the valuation standards globalization used and to make out the guidelines for ESG. What we should do is in consistent.

It was a meaningful place for valuation experts from domestic and foreign to participate and discuss global valuation market trends and futures, newly emerging asset and industry valuation models, actual valuation cases, and share wisdom and insights.

We sincerely thank for the all participants (online / offline) despite their busy schedule and we ask for your continued interest and activities to grow the domestic and international valuation market and strengthen global capabilities through networking of valuation experts.

Register for the Innovative Valuation Summit(IVS)

Lisa Guo — Tue, 07 Feb 2023 12:46:45 GMT

The Korea Valuation Association (KVA) will host its first Innovative Valuation Summit on March 21-22 at UST Auditorium in Daejeon, Korea. IACVS and KiSTi is the co-cost of this conference.

The IVS is a multi-discipline conference, a knowledge exchange for international valuers where they share their experiences and opinions.

The IVS topic is Valuation of new assets, what's the future ? It includes BigData, CryptoCurrency, NFT, MetaVerse, Start-Up, IP, AI, ESG.

Global Valuation Standard, Trends & Future
Valuation Model for New Assets and Various Industries
Sharing for Valuation Case Studies & Best Practices
Build a Global Networks & Competence of Valuers

Objectives:

Understanding the latest global trends in valuation
Valuation methodologies in various industries
Measures to use the evaluation model by industry and share the results
Recent changes in global valuation standards
Domestic and foreign valuation case studies
Blockchain, Cryptocurrency, NFT valuation model
Networking and information sharing with domestic and foreign professional organizations and experts

By attending the conference, you will earn 16 CPD credits in your respective valuation discipline. You will meet with and connect to professional valuers from major international and national valuation organizations and leading firms from all around the world.

Conference flyer and agenda

Live Streaming: Live & Zoom

Language: Korean, English Simultaneous interpretation

Register at https://docs.google.com/forms/d/e/1FAIpQLSe_T1zkjgMuaYty1dkiOnsob-ODoIv-QnQI82UATKlewrDQQw/viewform

Registration Ticket - Pass 2 days - $200.00 ($150 for early bird until Feb.28, 2023)

IVS Online Ticket - Pass 2 days - $120.00 ($100 for early bird until Feb.28, 2023)

(The link to attend online will be sent by e-mail two days before the conference)

Congratulations to Mr. Hanlin to serve as the Vice Chairman of the Expert Committee of IABS

Lisa Guo — Fri, 18 Nov 2022 02:58:26 GMT

Mr. William Hanlin, Chairman of IACVS was invited to serve as the Vice Chairman of the Expert Committee of the International Brand Academy (IABS)
The inaugural meeting of the International Academy of Brand Sciences was held in Ningbo on October 12th, 2022 through online and offline methods. In addition to the main venue in Ningbo, the inaugural meeting also set up more than 20 sub-venues across the country, and a total of 36,000 people watched the live broadcast of the meeting online by video. The theme of this conference is "Establishing a scientific and fair international brand evaluation mechanism to promote the healthy development of global brands." Mr William Hanlin, chairman of IACVS, accepted the invitation of the international brand academy, served as the vice chairman of the expert committee and chairman of the brand evaluation committee of the international brand academy, and delivered a keynote speech by video. Below is the speech of Mr. Hanlin.

Hello Ladies and Gentlemen.

Greetings to Chairman Liu Pingjun.

It is my pleasure to be asked to give these few remarks to those assembled for this Founding Conference of the IABS. The IABS is a project that has been in development since before 2014. It is gratifying to see that the early participants of this concept-project have been diligent in the pursuit of brand evaluation.

For both myself, and the worldwide membership of IACVS (International Association of Certified Valuation Specialists), we are very excited to be a part of the IABS Brand Evaluation project.

Brand valuation is not a new concept. This is really a sub-set of the larger business valuation profession. Brand evaluation has broader ramifications to a more comprehensive and global community of participants. These participants include:
- Customers
- Employees
- Investors
- Manufactures
- Service providers
- Local, regional and country-wide governments and their economies
- Others, yet to be identified
Make no mistake, brands are very important intangible assets to every company and endeavor. But most people who value brands consider them to be another commodity, another balance sheet asset to be included in a group of assets. (Untrained business valuers often miss the fact that brands have significant value).

Recent studies of collected data from the last 15 years indicate that intangibles such as brands or product names reached 90% of the market value of S&P 500 companies. Additionally, customer relations is the most important of all intangible assets, accounting for 25% of total company value. Next in line are software and technology, at 18% each of total company value. And trademarks account for 8% of company value.

Valuation of brands is beneficial, however, only to a few, namely investors…and perhaps to the regulators of financial statements for large public companies. Even the idea of brands having a financial value, while not a new idea, only began to be formalized beginning in 1991-1992.

The IABS Brand Evaluation project will encompass a broad range of aspects of a brand. Financial aspects are still very important, but the dimensions of brand evaluation will need to include more than just the financial aspects. The IABS will develop and deploy innovative models and methodology of brand evaluation that addresses the requirements of the ISO Standard for Brand Evaluation. These standards includes at least the following elements:
- Tangible aspects that include material resources, financial resources, legal protection and legal costs, marketing budgets and more.
- Quality aspects that include actual quality commitments, management of those commitments to quality, perceived quality and customer involvement. These aspects will need to be documented and then reviewed under a quality management system. Price-to-quality will be considered.
- Service aspects will include service offerings, capabilities and effectiveness. Effectiveness will be measures by training of technicians, availability of the technicians and, of course, customer satisfaction.
- Innovation aspects will include an evaluation of the ability to innovate and improve, research efforts to confirm customer needs, and spending for research and development.
- Financial aspects will include all of the valuation techniques currently employed for valuation of brands.

Brand Evaluation will eventually influence buyers of products and services everywhere. This will be important to developed countries as well as developing countries. The brand evaluation of products and services will make more clear the choices that are available to consumers, and will also bring to the market products that are deemed worthy of consideration by customers on a broader scale. This will be important for the countries whose economies already hold significant market shares of various products and/or services. This will also become essential to developing countries eager to share their domestic products/services that can be enjoyed by a wider and more global economy. Better economies around the world will mean more commerce and ultimately more harmony among people.

Brand valuation is an accepted aspect of finance and financial reporting around the world. Brand evaluation will become more important than mere financial considerations.

I am very happy to have been invited to participate in this very important next step in creating a more transparent platform for brand evaluation.

There is much work to do!

Congratulation to all of the participants of this Founding Conference of the IABS!

I look forward to meeting all of you at that future point in time when we can convene in person again.

Other speakers also stressed that today's world has entered the era of brand economy, and the international market has risen from price competition and quality competition to brand competition. The purpose of the International Academy of Brand Sciences is to follow the international standards of brand evaluation, support countries to establish brand evaluation standard systems and publishing mechanisms, and finally form a scientific and fair brand evaluation standard system and publishing mechanism all over the world.

Subsequently, the launching ceremony and unveiling ceremony of the International Brand Academy were held at the conference site.

IACVS wishes the conference a complete success!

A Memorial: Madame Liu Ping

Lisa Guo — Wed, 09 Jun 2021 06:10:33 GMT

Dear fellow valuers, appraisers, and friends,

We were saddened to learn of the sudden passing of Madam Liu Ping on June 5, 2021. She was 63 years old.

Liu Ping was a true pioneer in the world of asset appraisal and business valuation. As the Secretary General of the China Appraisal Society (CAS), she was determined to bring China’s standards and practices for both asset appraisal and business valuation up to a level of competitiveness with international practices. To achieve this goal, Madam Liu sent emissaries from CAS to visit with other well known valuation organizations around the world to observe their practices and methods for training. She embraced the workings of the International Valuation Standards Council (IVSC) and their efforts at the promotion of international valuation standards for both asset appraisal and business valuation. Liu Ping was appointed to the Board of Trustees of IVSC as a valued adviser and contributor to the international effort to harmonize these important professional practices.

We learnt from her the evolution of assets appraisal and business valuation in China. We were honored to serve alongside of her in her quest to bring the international valuation theory and practices to China.

Madam Liu has been a respected and valued advisor to IACVS for more than ten years. She received the IACVS Honorary Member Award in 2011 and had qualified for the ICVS – International Certified Valuation Specialist designation. She provided guidance in training to valuation professionals, both in China and everywhere else. She shared her invaluable insights at our many conferences in China and at many venues around the world. In the meanwhile, she also brought her wit and humor to the world.

Our organization benefited from her many suggestions while she served as the Vice-Chair of the IACVS Board of Directors. We are forever grateful for her tenure at IACVS. During our years of working with her, she demonstrated the utmost professionalism and contributed tremendously to the practical body of knowledge for all of us participating on the world stage in the accounting and valuation fields.

The news of her death is being received by friends and acquaintances around the world with both shock and disbelief. It is our deepest sorrow to learn about her untimely passing. She was our friend, and she will be missed by many.

Introduction of IACVS India Chapter

Lisa Guo — Tue, 02 Mar 2021 07:09:42 GMT

We are happy to introduce the newly formed India Chapter of The International Association of Certified Valuation Specialists (IACVS). IACVS is a globally recognized association of business valuation professionals, with professional members in more than 50 countries. IACVS was founded in 2000 in North America to provide worldwide support to professionals performing valuations and/or fraud deterrence engagements. IACVS issues the ICVS (International Certified Valuation Specialist) and ICVS-A (ICVS with advanced studies in financial instruments) credentials to qualified individuals.

IACVS’s Board has approved the application of the IACVS India Chapter. This creates a fulfilment of the core objective to transfer best practices in Business valuation from across the world, and also transfer India’s knowledge and best practices to the world. IACVS promotes the uniform application of valuation theories, approaches, methods, and models throughout the world. In the field of fraud deterrence and forensic accounting, IACVS encourages the development and dissemination of consistent and demonstrable systems and techniques for both detection and prevention of fraud.

The India Chapter of IACVS will help India valuation and fraud investigation professionals to grow in their respective fields and acquire the best global practices. This is a major link in the globalization of cross border harmonization and understanding. The board of IACVS India association consists of reputed valuers from across the country. The Board of IACVS India will help grow the nascent business valuation profession, both qualitatively and quantitatively. The India chapter intends to bring the best-in-class global pieces of training and knowledge sessions to its members to keep them up to date with all related affairs and developments across the world.

IACVS and CfiBV Monthly Webinar

Lisa Guo — Thu, 03 Dec 2020 07:08:49 GMT

The Center for International Business Valuation (CfIBV) in collaboration with the International Association of Certified Valuation Specialist Africa Charter (IACVS-Africa) organizes monthly webinars in various disciplines related to business valuation. For more information, you may register at https://cfibv.org/home/webinar. You can also find the past recorded videos at this site.

The Second Annual Conference on the Art and Science of Business Valuation

Lisa Guo — Wed, 11 Nov 2020 07:07:30 GMT

Register at https://icirsconferences.com/index.php/webinars/december-7-9-2020-the-art-and-science-of-business-valuation-conference/?page=register

Zoom Webinar Link: https://us02web.zoom.us/j/87218135743?pwd=MnlBeHg4TVlxV2dVN2N1WkpoVGt5UT09

Passcode: 214814

Executive Summary

This conference, hosted by the Center for International Business Valuation (CfIBV) and the International Association of Certified Valuation Specialists (IACVS), in collaboration with the International Conference on Interdisciplinary Research Studies (ICIRS), explores the impact of the pandemic on the valuation profession and provides a forum for practitioners, academic researchers, financial institutions, and policymakers to share lessons learned, best practices, trends, challenges, and opportunities. Even though the full impact of COVID-19 on the world economy will not be known until it is over, the effect already is being felt on the Gross Domestic Products of countries globally. According to the United States Congressional Research Service, the virus could trim global economic growth by 3.0% to 6.0% in 2020. Global trade also could fall by 13% to 32%. Plus, the economic fallout from the pandemic raised the risk of a global economic recession with high levels of unemployment. For instance, increased unemployment could compound the initial reduction in storefront retail sales to include the online market segment, which has increased during the pandemic, and this same type of dynamic can occur in multiple industries. This scenario, therefore, has economists anticipating that the crisis could lead to a global recession of the same magnitude as the Great Depression. Performing business valuations during this period of time is a challenge because so much is unknown and these changes impact the baselines under which businesses are valued.

Conference Schedule

Day One – Monday, December 7, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Opening Remarks from the cConference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, PhD., PMP, PMI-ACP, Co-founder and Managing Director, Center for International Business Valuation (CfiBV), Academic Vice President, Florida University Southeast (FUSE), Conference co-chair

7:05 – 7:35 AM – Keynote Speaker - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD, President and CEO, International Association of Certified Valuation Specialists (IACVS)

7:35 – 8:05 AM – Topic #1: Valuation Challenges in the COVID-19 Era. - Richard Claywell, CPA, ABV, ASA, CBA, ICVS, CVA, CM&AA, MAFF, CFD, ABAR, CMEA, CVGA, IACVS board chairman

8:05 – 8:10 AM – Q&A

8:10 – 8:40 AM – Topic #2: Addressing the Complexity of Valuation using Advanced Financial Instruments. - Dr. Joel DiCicco, co-founder, and Principal Consultant, Center for International Business Valuation (CfIBV)

8:40 – 8:45 AM – Q&A

8:45 – 9:25 AM – Topic #3: Valuation Practices in the Mining Industry

9:25 – 9:30 AM – Q&A

9:30 – 9:55 AM – Panel Discussion with Speakers: Moderator: Robert C. Brackett, ICVS, CPA

9:55 – Closing remarks

Day Two – Tuesday, December 8, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Recap of Day One from the Conference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, Ph.D., PMP, PMI-ACP, Co-Founder and Managing Director, Center for International Business Valuation, Academic Vice President, Florida University Southeast, Conference Co-Chair

7:05 – 7:45 AM – Opening remarks from the keynote speaker - Nick Talbot, Chief Executive Officer, The International Valuation Standards Council

7:45 – 8:25 AM – Topic #1: Supporting Valuation Profession with Professional Training and Academic Education

Heidi DiCicco, JD, MBA, PMP, President, Florida University Southeast, Secretary-Treasurer of the IACVS-Africa Charter

Moses Gitonga, MBV, ICVS-A, Faculty, Florida University Southeast, Consultant, Center for International Business Valuation

8: 25– 8:30 AM – Q&A

8:30 – 8:50 AM – Topic #2: Discounted Cash Flow (DSF) - Philippe Dubois, ICVS-A, Faculty, and Consultant, Center for International Business Valuation (CfIBV)

8:50 – 8:55 AM – Q&A

8:55 – 9:25 AM – Topic #3: Valuation of Intangibles - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD, President and CEO, International Association of Certified Valuation Specialists (IACVS)

9:00 – 9:40 AM – Panel Discussion with speakers - Moderator: Joel DiCicco, Ph.D.

9:40 – 9:50 AM – Q&A

9:55 – Closing remarks

Conference Sponsors

Center for International Business Valuation (CfIBV)

International Association of Certified Valuation Specialists (IACVS)

International Valuation Standards Council (IVSC)

Florida University Southeast (FUSE)

International Conference on Interdisciplinary Research Studies

Digital Education and Digital Africa

ICVS - A - Endorsed Trainer Program

Lisa Guo — Fri, 21 Aug 2020 06:06:20 GMT

ICVS-Advanced Studies in Financial Instruments (ICVS-A)

Endorsed Trainer Program

To become an Endorsed ICVS-A Exam Training Program Provider (“Endorsed Provider”), an individual must successfully complete the ICVS-A Endorsed Provider Course and Exam.

BEST PRACTICES AND ETHICIAL REQUIREMENTS

The Center for International Business Valuation (“CfIBV”) and IACVS have adopted the following best practices and ethical requirements for all Endorsed Providers. Endorsed Providers must

1.Hold an ICVS-A credential in good standing

2.Demonstrate mastery of the material and teaching competency

a.Endorsed Providers will be given one month to prepare a presentation on a topic chosen by the Center.

b.Mastery of the material and teaching competency will be measured using the following metrics:

i.States objectives clearly for enhanced learning and outcomes

ii.Uses appropriate teaching methods

iii.Provides opportunities for critical thinking and analysis by students

iv.Communicates effectively

v.Presents material in a logical and well-organized manner

vi.Demonstrates respect toward students

vii.Demonstrates energy or enthusiasm for the topic

viii.Demonstrates knowledge of the subject matter, including current aspects

ix.Relates theory to practice, when appropriate

3.Abide by all International Association of Certified Valuation Specialists (“IACVS”) ethical standards. (http://www.iacva.org/index.php?ac=article&at=list&tid=9)

4.Promote and protect the value of the ICVS-A credential

5.Maintain the quality and educational rigor of the ICVS-A program

6.Communicate the educational purposes and principles of the ICVS-A program effectively and honestly

7.Utilize the official ICVS-A materials for all ICVS-A training

8.Convey the message to trainees that provider products should be used as supplementary tools and not as a replacement for the approved ICVS-A training materials.

a.For example, a statement to the effect that the prep provider course will offer complementary materials to assist students is very acceptable. On the other hand, suggestions that their training program will make one pass the exam with ease is not acceptable.

9.Ensure all educational tools are current, developed by qualified authors, and effectively communicate learning goals.

a.If offering supplemental materials, they must be of excellent quality consistent with the evolving ICVS-A curriculum and exam formats.

b.Endorsed Providers must keep their material up-to-date, as the field of financial instruments and, in particular, financial engineering is constantly disrupted.

10.Are experienced and knowledgeable in the topics they teach.

a.Endorsed Providers must possess one of the following educational and/or experience requirements:

i.PhD or other equivalent doctoral degree

ii.Master’s degree in Accounting, Finance, or a related field and three years of work experience in an area of finance

iii.Bachelor’s degree in Accounting, Finance, or a related field and five years of work experience in an area of finance

b.Each course instructor and author of prep materials must disclose to training participants their educational qualifications, relevant work experience, and past success in preparing students for the ICVS-A exam.

c.Each course instructor, in addition to passing the ICVS-A exam, must also pass an advanced exam consisting of short-answer calculation problems. This exam is open book and four hours in length. The topics to be tested are as follows:

i.Swaps

ii.Basic and Exotic Options

iii.Bond yields

iv.Asset-Backed securities

11.Relay the overall results of student feedback on the Endorsed Provider’s products and services to the Center.

a.Feedback should be collected formally from all participants in written survey form.

12.Communicate clearly to candidates the time commitment required for proper preparation for the ICVS-A exam, including reading, research, and preparation beyond the training program.

13.Advertise only in compliance with U.S. fair consumer practice legislation

a.Endorsed Providers will neither disseminate guarantees for passing any parts of the exams nor advertise that they have insider information regarding the specific questions or focus of the exam beyond the information provided by the Center and/or IACVS.

14.Facilitate periodic program reviews by CfIBV and/or IACVS.

a.Upon notice from CfIBV and/or IACVS of a violation of the best practices and ethical requirements outlined above, Endorsed Providers will immediately address any identified issues to bring their program into compliance.

i.Failure to comply within two weeks from the date of notification will result in a second notification of violation.

ii.Programs not brought fully into compliance by the end of four weeks from the initial date of notice will lose their standing as Endorsed Providers.

For more information on becoming an Endorsed Provider, please contact the Center for International Business Valuation through their webpage: cfibv.org.

ICVS Advanced Course in Financial Instruments,July 10-13, 2020

Lisa Guo — Mon, 29 Jun 2020 06:04:29 GMT

Date - Live Zoom: July 10-13 Saturday/Sunday 9:00 AM - 4:00 PM EST

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

This course provides 28 hours of continuing Professional Education units meeting the standards of the Florida State Board of Accountancy and other professional bodies. Participants will receive a Certificate of Completion from the Center for International Business Valuation upon successful completion of the course.

Pricing:

Virtual Zoom and Online: $1,500*. A discounted group rate is available.

$1350 (IACVS Members)

Online only: $1000* The cost includes six months of full access to the class materials.

$900 (IACVS Members)

* Cost includes one-year IACVS membership and exam fees.

The Center for International Business Valuation is currently processing its payments through a partner, Maryland Global University. Once your payment has cleared, the Center will grant you access to its Learning Management Portal.

Refund Policy

For more information, please call 844-235-0220.

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

ICVS Advanced Course in Financial Instruments, June 13 & 14, 20 &21 2020

Lisa Guo — Fri, 01 May 2020 06:03:18 GMT

Date - Live Zoom: Over two weekends (6/13 - 6/14, 6/20 - 6/21)

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

* This course meets the standards of the Florida State Board of Accountancy and other professional bodies for 28 hours of continuing professional education units

Cost:

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

ICVS Advanced Course in Financial Instruments, June 13 & 14, 20 &21 2020

Lisa Guo — Fri, 01 May 2020 05:07:01 GMT

ICVS - A Class, Online - Live (Virtual)

Date - Live Zoom: Over two weekends (6/13 - 6/14, 6/20 - 6/21)

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

* This course meets the standards of the Florida State Board of Accountancy and other professional bodies for 28 hours of continuing professional education units

Cost:

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

ICVS Certification Training Course, July Malaysia

Lisa Guo — Tue, 11 Feb 2020 06:09:13 GMT

Applied for 10 CPD Hours from the Board of Valuers and 10 CPE hours from IACVS

It's a great pleasure to announce that Business Valuers Association Malaysia (BVAM) will organise a Certified Business Valuation Course. BVAM is a charter member of The International Association of Certified Valuation Specialists (IACVS). The training course will be held in July, 2020 at the National Institute of Valuation (INSPEN), Kajang Selangor, Malaysia. The ICVS credentialed exam will be in July at INSPEN.

The training program is directed to all valuers and real estate industry player who want to explore and enhance their competencies in Business Valuation profession.

Objective of this course:

At the end of the programme, participants will be able to:

• Acquire knowledge on Business Valuation and its components

• Gain exposure on valuation approaches and techniques

• Apply knowledge & skill on Business Valuation

Send your enquiry to:

• Melanie at melanie.bvam@gmail.com

• Thila Ganesan at thila@khhongjaafar.com.my;

The 30th Pan Pacific Congress 2021, Malaysia

Lisa Guo — Thu, 02 Jan 2020 07:01:41 GMT

October 4-6, 2021

Conference Link: https://www.panpaccongress.org/web

The concept founders of the Pan Pacific Congress (PPC) of Real Estate Appraisers, Valuers and Counsellors were Australia, America and New Zealand. The first PPC was held in Sydney, Australia in 1959. The Congress was founded on developing a closer relationship with the various appraisal or valuation institutes providing a forum for members of allied professional bodies in the Pacific Basin to share and exchange information. The Congress is primarily an educational refresher in nature, organised and presented by the professional appraisal or equivalent bodies of member countries every two years.

The 30th Pan Pacific Congress of Real Estate Appraisers, Valuers and Counsellors (PPC) will be hosted at Hotel Istana, Kuala Lumpur in 2021. IACVS is the endorser partnership for this event. Mr. William Hanlin and Mr. Robert Brackett will attend and present a paper at this conference.

The 30th Pan Pacific Congress 2021 will showcase papers acknowledging the real estate industry in the environment of digital disruptions. Papers will be delivered in the Plenary Sessions and the Simultaneous Sessions. The Simultaneous Sessions cover 2 Tracks.

For more information, such as registration and agenda about this confernece, you can visit the official website https://www.panpaccongress.org/web

IACVS Signed MOU with NIESV

Lisa Guo — Tue, 24 Dec 2019 07:00:26 GMT

We’re pleased to announce the International Association of Certified Valuation Specialists (IACVS) and the Nigerian Institution of Estate Surveyors and Valuers (NIESV) in December 2019.

William Hanlin (CEO & President, IACVS) met Johnbull Amayaevbo (2nd Vice President, NIESV) during the IVSC Singapore World Council Meeting in October 2019. While there they discussed the benefits and possible rolls under several formats of potential cooperation between associations. After additional communications and discussions an agreement has been formalized.

Both IACVS and NIESV have complimentary synergies and common goals of excellence for their respective membership.

IACVS (a Canadian not-for-profit entity, headquartered in Toronto, Ontario, Canada) is a provider of advanced professional training and certification for its global membership in the field of business valuation, bringing the global business valuation community together with common standards and best practices. IACVS operates primarily through its Charter/Chapter Members that now populate the world with practitioners in more than 55 countries. Through these Charters/Chapters, IACVS provides training and certification to professionals and interested persons in business valuation theory, models and techniques (often referred to as “best practices in business valuation”). IACVS confers the ICVS – International Certified Valuation Specialist credential to its individual members who successfully complete a rigorous training and testing program.

NIESV, the recognized leader of valuation throughout Nigeria provides various continuing professional education opportunities to professional real estate valuers and interested persons in the practice of real estate valuation. Currently NIESV has professional association members and is governed by a board of officers.

IACVS and NIESV will work together in all aspects of member benefits and education opportunities (member benefits of each organization will be equally available to members of the other organization).

For additional information contact IACVS Headquarters (info1@iacvs.org) or NIESV Headquarters (johnbullamayaevbo@gmail.com)

IACVS Signed Cooperation Agreement with ANEVAR

Lisa Guo — Tue, 17 Dec 2019 06:02:13 GMT

We’re pleased to announce the International Association of Certified Valuation Specialists (IACVS) and the National Association of Authorized Romanian Valuers, Romania (ANEVAR) have reached a cooperation agreement in November 2019.

Several years ago, William Hanlin (CEO & President, IACVS) met Dana Ababei (President, ANVAR) in a conference. They have continuously discussed the benefits and possible rolls under several formats of potential cooperation between associations in many conferences they both attended. After additional communications and discussions an agreement has been formalized.

The two associations agree to work together for the purpose of their respective organizations and legal entities associations. The goal of this agreement is the efficient development and functioning of a relationship in order to carry out joint scientific, research, practical, consulting, teaching, methodical and other activities for their heads, staff members, specialists, members of both organizations relationships enhancement and development, make their best to organize their cooperation for own and common interests.

IACVS and ANEVAR will work together in all aspects of member benefits and education opportunities etc.

For additional information contact IACVS Headquarters (info1@iacvs.org) or ANEVAR Headquarters (dana.ababei@anevar.ro)

IACVS Signed MOU with KPCG

Lisa Guo — Tue, 10 Dec 2019 06:57:50 GMT

We’re pleased to announce the International Association of Certified Valuation Specialists (IACVS) and the Chamber of Appraisers of Montenegro (KPCG) have reached a cooperation agreement in November 2019.

William Hanlin (CEO & President, IACVS) met Slavko Rakocevic (Chairman of the Board, KPCG) during the IVSC Singapore World Council Meeting in October 2019. While there they discussed the benefits and possible rolls under several formats of potential cooperation between associations. After additional communications and discussions an agreement has been formalized.

Both IACVS and KPCG have complimentary synergies and common goals of excellence for their respective membership.

KPCG, the recognized leader of valuation throughout Montenegro provides various continuing professional education opportunities to professional real estate valuers and interested persons in the practice of real estate valuation. Currently KPCG has professional association members and is governed by a board of officers. KPCG also has notable experience in delivering training and organizing exams for the issuing of professional vocational degrees in the field of valuation and appraisal.

IACVS and KPCG will work together in all aspects of member benefits and education opportunities (member benefits of each organization will be equally available to members of the other organization).

For additional information contact IACVS Headquarters (info1@iacvs.org) or KPCG Headquarters (slavko.rakocevic@iircg.co.me)

Conference on Intangible Assests Hosted in Malaysia

Lisa Guo — Wed, 30 Oct 2019 05:39:03 GMT

IACVS Malaysia Charter - The Business Valuation Association of Malaysia (BVAM) hosted the conference on valuation of Intangible Assets at the Hilton Petaling Jaya on October 15, 2019. This conference was supported by the Valuation and Property Services of Malaysia (JPPH). Mr. William Hanlin, CEO & President of IACVS, attended the conference and delivered a speech.

Mr. Hanlin pointed out the shifting and accelerating trend of businesses and companies being driven and valued for their intangible capital such as intellectual property and other intangible assets have not slowed down. In fact, numerous market studies have shown that businesses are increasingly more savvy about these invisible assets in the knowledge economy where intangible rules. This conference was timely to address the various opportunities and challenges proffered by this shifting tide, to c-suite executives, entrepreneurs and service providers on the current best practices of valuing business and its intangibles, challenges and new insights with the rise of increased sophistication of companies in monetizing their IP rights. Tangible assets such as cash, stocks, machineries or office buildings are no longer the main criteria for assessing market value, but intangible assets such as intellectual property occupy a central position. A key reason for ensuring the valuation of intangible assets is that in the event of intellectual property infringement and disputes, economic losses can be valued to facilitate claims.

Mr. Elvin Fernandez pointed out: “With more appraisers who can conduct professional and accurate assessments of intangible assets, we hope to stimulate the growth of intangible assets as recognized assets in domestic financial markets.” He added: “The valuation is a general profession, and the basic concept of valuation cannot be changed. The concept of valuation is used as a defined accounting term that applies to any tangible or intangible asset.” He made a comparison between real estate valuation and business valuation. According to him, the board of valuers, appraisers, real estate agents and property managers committee are revising and upgrading the Malaysian Valuation Standards and this will include a separate section referred to as Guidelines on Business Valuation which will include an intangible asset valuation.

Ms. Christine Ng explained that the government recognized IA and IP as critical elements in the growth of SMEs as early as 2010. She said that over the years, there are in place various types of funds by government-based agencies to enable companies to monetize their IP. Apart from obtaining loans, intangibles play a crucial role when a smaller tech-based company or SME has an acquisition or joint venture opportunity on the cards. Therefore, when valuing such a merger, valuation of the intangibles plays a crucial role in ensuring that the SME gets a fair value for its IP. She pointed out that IPs are a large part of a company's value in more developed economies. If a SME is rendered bankrupt, its registered IP, be it a trademark, brand or patent, can be carved out and sold to an interested buyer, usually a competitor. She cited the example of Kodak. In 2012 Eastman Kodak sold its digital imaging patents to a consortium of bidders, which included Google and Apple, for US$525 mil after filing for Chapter 11 protection earlier that year.

Mr. Ang Kok Heng revealed that many SMEs have not approached the banks to apply for loans as many of them have yet to register their IPs. While lauding the government's move to recognize the importance of IPs and its role in improving SME liquidity, Ang believed initiatives still need to be focused on providing education, awareness and financing to register an IP. Ang called on government bodies and relevant agencies to conduct roadshows and talks on the importance of registering IPs. He also hopes there will be more funding opportunities, with grants being made more easily available for SMEs to register their IPS.

At present, the lack of registered IPs means the SMEs operators are not able to obtain funding using their IP as collateral. Similarly, in the event of infringements, when an IP is not registered, the SME is not able to take the culprit to court as the IP is not registered and therefore not subject to legal backing.A registered IP has inherent rights and laws that govern it. Said by FocusM V. Sanjugtha.

Participants said that by participating in this conference, they have gained a deeper understanding of intellectual property and intangible assets valuation. They hope that BVAM and IACVS Headquarters will be able to hold more lectures and conferences to facilitate communication and learning in future.

The growing importance of intangible assets in the 21st century and the proliferation of financial fraud on a global scale are increasingly being valued. IACVS's mission is to disseminate professional theories and standards in the field of business valuation and anti-fraud, providing professionals with the best practical mode of operation. In the field of business valuation, IACVS promotes the normative application of assessment principles, methods and models around the world. In the field of anti-fraud and court litigation support, IACVS develops and disseminates operating systems and technologies for reconnaissance and anti-fraud. For more information please contact info1@iacvs.org.

Conference on Valuation of Intangible Assets Oct. 15, Malaysia

Lisa Guo — Wed, 30 Oct 2019 03:29:53 GMT

The Business Valuers Association Malaysia (BVAM) will host the Conference on Valuation of Intangible Assets 2019 at the Hilton Petaling Jaya on October 15. This conference is supported by the Valuation and Property Services of Malaysia (JPPH). Mr. William Hanlin, CEO & President of IACVS, will attend the conference and deliver a speech.

Course Objective

The shifting and accelerating trend of businesses and companies being driven and valued for their intangible capital such as intellectual property and other intangible assets have not slowed down. In fact, numerous market studies have shown that businesses are increasingly more savvy about these invisible assets in the knowledge economy where intangible rules.

This conference is timely to address the various opportunities and challenges proffered by this shifting tide, to c-suite executives, entrepreneurs and service providers on the current best practices of valuing business and its intangibles, challenges and new insights with the rise of increased sophistication of companies in monetising their IP rights. This conference will see a gathering of industry leaders and practitioners and service providers in sharing their insights and experience with participants through plenary sessions and carefully tailored and moderated panel sessions.

Speaker:

* Sr Elvin Fernandez, President of BVAM

* Director General of Valuation and Property Services Department of Malaysia (JPPH)

* YB DATO’MOHAMAD ROSLAN MAHAYUDIN Director General of Intellectual Property Corporation of Malaysia (MyIPO)

* WILLIAM A. HANLIN JR., President and CEO of IACVS

* SRIVIDYA GOPALA-KRISHNAN, Managing Director, Duff &Phelps Singapore

* DATO’ DR.RAJEN M, Chief Executive Officer Holista Colltech Ltd

* JAMESY LAYA, Partner, Chartered Valuer and Appraiser, KPMG Singapore

* Moderator: Christine NG, IP Valuation Director, Adastra IP (M) Sdn Bhd

* Tyler Capson, Managing Director, Asia EverEdge Global

* GARY MAN, Managing Director at GCA Asset Services Limited (Hong Hong)

* Peter Willimott, Senior Program Officer, World Intellectual Property Organization (WIPO)

Agenda and Registration Form

Hotel: Hilton Petaling Jaya

10% special rate discount for early bird registration before 30 September 2019 & Group Registration (3 or more))!

To register online, please visit us at bvam.org.my

Please contact the following persons to register:-

Sr Mohd Zamri bin Awang Tel: 6019 353 5084 E-mail: zamri_awang@jpph.gov.my

Nor Juliana bt Majuki Tel: 603 89118800 E-mail: norjuliana@inspen.gov.my

Thila Ganesan Tel: 630 22829699(Ext. 15/129) E-mail: thila@khongjaafar.com.my

Melanie Murthy Tel: 6012 292 8195 E-mail: melanie.bvam@gmail.com

IACVS World Council Meeting - Singapore

Lisa Guo — Wed, 16 Oct 2019 05:27:54 GMT

IACVS hosts its 2019 World Council Meeting at the Rendezvous Hotel Singapore on Oct. 9, 2019. The WCM is a meeting of IACVS leaders to review global issues and initiatives for the coming year. Almost 20 participants from United States, Canada, China, Malaysia, Romania, Korea, Singapore etc. joined this meeting.

Opening the meeting, Mr. William Hanlin invites all attendees to introduce themselves, then Mr. Hanlin introduced the new alliances for member benefits and resources for BV practice areas. He also discussed the IVSC (International Valuation Standards Council) Quality Mark that will become available in the next 12 months. This Quality Mark will mean that IACVS members can claim to be familiar with International Valuation Standards.

Meanwhile, Mr. Nick Talbot, CEO of IVSC, dropped in our meeting room and shared the IVSC’s development of this year and trends in the future.

Michael Badham, executive director of iiBV (IACVS Observer Member), introduced the development of course curriculum and costs. IACVS intends that the iiBV courses is a resource to individual members for continuing education opportunities. The iiBV online course for IVSC standards will be a significant element for those holding the ICVS to be able to use the IVSC Quality Mark in their professional practices. Non-IACVS BV candidates who successfully complete iiBV courses may apply for credit towards the requirement of members’ designation (eg: IACVS for ICVS designation).

Ravi Ramakrishnan, president of C&K Management Company (IACVS Observer Member), gave an update to the ICVS online training course. Work is progressing to map the ICVS exam questions to the ICVS training materials in order to make it much easier for candidates to study for and pass the ICVS examination.

IACVS has promoted the data and educational resources of BVResources (IACVS Observer Member) for a number of years. Mr. David Foster, CEO of BVR Resources, presented at the WCM about these resources. David indicates that data for completed M&A transactions is a priority for collection at BVR so that such transaction data can be available in many parts of the globe. BVR will announce an initiative with IACVS for the collection of this data using the Charters and Chapters as collection points. The initiate will include a monetary subsidy from BVR for the data collection. BVR has an agreement with IACVS to allow IACVS translate some of its BV files to local languages for local users.

Elvin Fernandez, the president of BVAM, introduced the development of the IACVS Malaysia charter. They have cut the 5 days training course to 3 days to make it more available for participants to join the class. This requires advanced study prior to the ICVS training, as well as online access to instructors to review questions and resolve valuation theory matters. BVAM will also host the Intangible Assets Conference on October 15 in Kuala Lumpur.

George Badescu, founder of ANEVAR, is the IACVS ambassador in Romania. For his over 60 years’ contribution to the valuation industry, he was given the Honorary Membership by IACVS. George shared his life time work in valuation career and he wants to help create uniform valuation standards in Southeast European countries. He told everyone “Knowledge is not private property, we have to share.” IACVS and ANEVAR will sign a mutual cooperation Memorandum of Understanding (MOU) be the end of 2019.

Jennifer Chen, long-time IACVS member and ambassador to the valuation profession in Taipei, shared the development of IACVS in Taipei for the recent 3 years and the work she has done to promote the ICVS credential to local valuers. Jennifer has played a key role for IACVS to reconnect IACVS and the Chinese Asset, Business and Intangible Asset Valuation association. The CABIAV was established more than 16 years previous as China and Asia began to realize the importance of business valuation for the development of business.

Wilson Lim and Don Prosard, IACVS Singapore Chapter representatives, shared the valuation in Singapore and the questions they meet when doing valuation projects. Their goal is to push valuation profession to be a higher value to the business community in both Singapore and Cambodia.

Su Zheng Yu and Zhang Chi, manager of Beijing Xinliu Huigu Technology Co., Ltd, (IACVS Observer Member) introduced their company has developed a patent – protected online valuation system Manjusri Valuation Expert System, which can automatically generate valuation reports for SMEs (non-listed companies) when they searching for financing. Currently, 70% of the 34 Equity Exchange Centers (OTCs) in China use the system to provide valuation and value-added services for their listing and display companies. At the same time, Flow Group is committed to a comprehensive upgrade of the English system, seeking international cooperation through IACVS.

Mr. Zhu Jun, representative from Beijing Zhonghe Appraisal Co., Ltd, showed their valuation information service system, Computer Aided Valuation system (CAVS) (M&E) and Financial Professionals Resources (FPR) to all participants. Mr. Zhu Jun is a long-time members of IACVS.

Even though we left limited time to Ms. Chen Qian and Mr. Jiang Dongyong, representative from BeiFang Yashi Appraisal Co., Ltd (IACVS Observer Member), they showed us a great work on valuation projects they have done. According to their experience, it’s very important to cooperate with the local valuers from overseas when doing major cross-border projects. It’s also important to have a good teamwork and clear arrangement when doing big valuation project within required time. All attendees had a warmly discussion and asked many questions on these case project.

We really have no time and feel sorry for not playing the video from IACVS Africa chapter, while we decide to share it to all attendees by e-mail.

The World Council Meeting concluded with Mr. Hanlin indicating that the WCM – 2020 will be announced by the end of 2019!

IACVS World Council Meeting - Singapore

Lisa Guo — Wed, 16 Oct 2019 03:48:17 GMT

Meanwhile, Mr. Nick Talbot, CEO of IVSC, dropped in our meeting room and shared the IVSC’s development of this year and trends in the future.

We really have no time and feel sorry for not playing the video from IACVS Africa chapter, while we decide to share it to all attendees by e-mail.

2019 IVSC AGM Successfully Held in Singapore

Lisa Guo — Sat, 12 Oct 2019 05:23:48 GMT

The International Valuation Standards Council (IVSC) is the global non-for –profit body responsible for setting the International Valuation Standards (IVS). The goal of IVSC is to build trust in valuation by establishing one set of globally consistent, high-quality valuation standards and by supporting the advancement of the valuation profession. In achieving this, the IVSC aims to support economic activity, strengthen financial markets and protect the public interest.

Mr. William Hanlin (CEO & President, IACVS) and Mr. Bob Brackett (Secretary General, IACVS) attended the 2019 IVSC AGM hosted at the Rendezvous Hotel in Singapore on Oct. 7-9. Almost 300 participants from United States, Canada, France, Russia, Japan, China, Malaysia, Romania, Korea, Singapore etc. joined this meeting. They want create the valuation standards for their own country through IVSC platform. They had a warm discussion on international valuation standards and valuation profession goals for 2020.

During the three-day annual conference, all of IVSC members from the technical committees, IVSC council had a hot discussion on tangible assets, business valuations and financial instruments etc. The IVSC Advisory Forum convened representatives from all member organizations to focus on issues including the widespread use of IVS worldwide, the strengthening of the professionalization of corporate value assessments, and the role of technology in future assessments. Besides, Sir David Tweedie announced he would retire from the president of the board after seven years and two months profession work. During the period, David has been committed to advancing the development of IVSC and enhancing the professionalism of global valuation. His input and dedication to norm-setting has enabled international standards to be translated into ten languages and applied in 139 countries.

In the field of business valuation, IVSC and IACVS actively promote the normative application of valuation principles, methods and models. In additional to national laws and regulations, IACVS required every corporate member to comply with professional valuation standards issued by IVSC, IASB and FASB.

Followed the IVSC AGM, IACVS hosted its 2019 World Council Meeting at the same hotel in the afternoon of Oct. 9. More than 20 participants from IACVS charter/chapter representatives and invited guests joined the meeting.

2019 IVSC AGM Successfully Held in Singapore

Lisa Guo — Sat, 12 Oct 2019 03:46:42 GMT

ICVS with Advanced Studies in Financial Instruments

Lisa Guo — Sun, 29 Sep 2019 03:45:46 GMT

The International Association of Certified Valuation Specialists, in conjunction with the Center for International Business Valuation, has added an advanced level to the ICVS credential; valuators can now earn the ICVS with Advanced Studies in Financial Instruments (ICVS-A). The curriculum for the ICVS-A, which focuses on fair value concepts, was developed by Dr. Joel M. DiCicco, CPA, ICVS, a full-time member of the Executive Business and Department of Accounting faculty at Florida Atlantic University’s College of Business. This advanced credential in the fair value of financial instruments can be earned along with the initial ICVS or can be added to enhance a current ICVS credential. Upon completion of the training program, students can participate in a credentialing exam comprised of a case study and valuation problems concerning derivative products. The ICVS-A designation requires an understanding of valuation techniques for various financial instruments, ranging from basic securities to complex derivative constructs. In addition to the valuation of financial instruments, the training and optional exam covers fair value accounting under both US GAAP and IFRS, along with the use of Python programming language (the language of choice for valuing financial derivatives).

Critical learning objectives of this ICVS-A training program include:

* Applying accounting standards for fair value and understanding the history behind the fair value movement

* Ascertaining the purposes behind the issuance and development of many complex derivatives

* Utilizing valuation techniques for financial products

* Programming using the fundamentals of Python

The inaugural live training, presented with the Southeast Chapter of Business Appraisers, will be held in Orlando, Florida, USA, on December 16, 17, and 18. Business Valuators with a credential such as the ICVS, ASA, ABV, CICBV, or CVA are welcome to attend. These materials are advanced in format and require students to have a thorough understanding of business valuation in order to keep up with the instructors.

Note that the ICVS-A exam is separate from the training. Students must register separately for the exam and additional study is recommended prior to taking the test. A passing score is required to earn the ICVS-A designation.

Registration Link https://www.mdgu.us/course/ICVS-A

The center's website about the training http://www.cfibv.org/icvs-a

Course Flyer

Contact Heidi (heidi@diciccofamily.net) or http://www.cfibv.org/ for more specific information about the training, or Joel (joel@diciccofamily.net) for more specific information on the curriculum and credential.

ICVPME Hosted its 11th International Conference

Lisa Guo — Wed, 25 Sep 2019 03:32:29 GMT

Mr. Bob Brackett, the secretary-general of IACVS, attended and presented a paper (Acceleration in the Development of the Valuation Profession) at the recent ICVPME 11th International Conference hosted at the CORDIS Hotel in Auckland, New Zealand on 9th - 11th September 2019. Participants from China, USA, UK, France, Australia, New Zealand, Russia, Romanian, Japan, Malaysia, Saudi Arabia and Nigeria participated this influential international conference.

The conference topics addressed many of the most important and challenging professional issues facing valuators today. From changes in valuation regulation and standards to EVM’s, valuation education, the aging of practitioners through valuation in a truly international venue. The attendees had a unique opportunity to discuss these issues with instructors using current examples from their own practices. The agenda included presentations with question and answer sessions as well as professional roundtable discussions.

Mr. Bob Brackett was the first speaker at the conference. Many of his points were echoed by the following presenters who used examples from their own recent experience to reinforce the importance and timeliness of the issues. The 2 speakers from the CBV Institute provided an excellent summary of Crypto assets, clarifying the various abbreviations and terminologies for attendees. Much of the conference discussed the use of valuations in a financial reporting arena, a relatively new area for the property, plant and equipment valuation specialists in attendance.

During the conference, Mr. Bob Brackett also spoke with many of the other experts concerning business valuations and introduced the development of IACVS and the ICVS credential to them.

The Future of Valuation for Secured Lending - ANEVER

Lisa Guo — Thu, 19 Sep 2019 03:31:45 GMT

ANEVER Conference - September 6, 2019, Bucharest

Mr. William Hanlin, President and CEO of IACVS, attended and presented a paper at the international conference organized by ANEVAR - the National Association of Authorized Romanian Valuers, in partnership with the Romanian Association of Banks - ARB and the Romanian Banking Institute – IBR at Bucharest on September 6, 2019. About 300 licensed valuers and professionals involved in banking services from China, USA, UK, France, Australia, New Zealand, Russia, Romanian, Japan, Malaysia, Saudi Arabia and Nigeria etc. joined this influential international conference.

In the morning of September 6, Ms. Dana Ababei (president of ANEVAR) and Nicholas TALBOT (CEO of IVSC) gave a warm welcome and opening speeches.

Mr. Hanlin presented a paper entitled “Valuation of Intangible Assets for Mortgage Purposes”. His paper was focused on the types of intangible assets that lenders can use as loan collateral. His speech was warmly received by the experts at the conference.

During the conference, Mr. Hanlin also talked with other experts on business valuation, and introduced the development of IACVS and ICVS credential to them.

Need for Business Valuation for SMEs

Lisa Guo — Thu, 05 Sep 2019 03:30:50 GMT

SMEBIZ – Published in The Star, Kuala Lumper, Malaysia

Monday, 26 Aug 2019 By Thean Lee Cheng

EVERYDAY, business entities are bought and sold.

And with more focus given to the SME sector, small businesses could see more (M&A) corporate activities in the coming days. As such, there is a greater need for SME business valuation in the industry.

At a Business Valuation Seminar held last month in Malaysia, it can be observed that there is growing interest from the business sector with regards to generally accepted methodologies used to value the new breed of firms in the technology sector and how their valuations are used in fundraising, sale and merger exercises.

The event was organised by the Business Valuation Association of Malaysia (BVAM), which was set up in 2015.

William Hanlin Jr, president of the International Association of Certified Valuation Specialists in Toronto, Canada, says there are essentially two types of people in the SME segment – current business owners, as well as those who want to own their own small-scale business.

The IACVS association trains and promotes uniform business valuation theory and models around the globe.

He notes that SMEs form the backbone of a country’s economic power base, and while the owners of these entities are contented to remain small or medium in size, many eventually do become big corporate players.

It stands to reason then that these business entities must be valued based on a set standard and that is what BVAM is advocating.

For more inforamtion, you may visit The Star Online https://www.thestar.com.my/business/smebiz/2019/08/26/need-for-business-valuation-for-smes#YXYOg1gyB7rZfT6J.41(Please paste the link to the browser if you can't open directly)

BVAM/IACVS Continuing Education Seminar 2019

Lisa Guo — Wed, 31 Jul 2019 03:28:53 GMT

Valuation professionals met on July 23 for a seminar to review a case-study exercise at the National Association of Valuation for Malaysia. The case study was attended by more than 55 professionals: many are seasoned professionals, as well as many are new to the valuation profession.

In this seminar, Bill Hanlin (IACVS president) went through the process of performing a due-diligence engagement where the buyer of a retail pharmacy required a closer look at the business records. These records included financial history, future expectations for earnings, working capital needs, contract terms that would impact future rents, employee pay and benefits (union contract), as well as supply contracts and projected cash-flows.

During the seminar attendees discussed various aspects of the actual valuation portion of the engagement, how the engagement was reported to the client, and the discussions that valuation professionals can have with their client and attorney to make this type of engagement the most valuable for all the parties (client-buyer, bank and legal counsel). Attendees reviewed the administration of the engagement, including the terms of fees, reporting and delivery to the client.

The importance of correct future cash flows was stressed as, in the case-study, the buyer was expecting to leverage the purchase (borrow from the bank). This meant that the buyer needed professional assurance that the purchased business would repay the bank debt and also provide a higher level of compensation to the buyer.

IACVS World Council Meeting October 9, Singapore

Lisa Guo — Tue, 30 Jul 2019 03:26:43 GMT

The IVSC 2019 AGM, hosted by the Singapore Accountancy Commission (SAC), will take place in one of the world's most dynamic and international markets for business and finance at the Rendezvous Hotel Singapore on October 7-9. More than 150 senior leaders from the valuation, business, finance and regulatory worlds are expected to join us for this year's AGM, during which all of the IVSC's standards boards will meet.

IACVS is a member of IVSC. Members from IACVS can enjoy the member price. The original registration fees are ￡128.51, while it’s ￡85.87 for IACVS existing members.

Seats limited. First come, first served.

Registration link

IACVS will host its 2019 World Council Meeting at the same hotel on Oct. 9. All IACVS charter leaders, representatives, overseas observer members, strategic alliances, along with other invited guests will join this meeting. The aims of this event is leveraging the international platforms, sharing international experience and building international networks. If you’re interested in attending this meeting, please contact info1@iacvs.org

Bangalore Seminar July 25

Lisa Guo — Fri, 26 Jul 2019 03:27:34 GMT

Bangalore, India saw an overwhelming response to the one day Masterclass “An Insight into Business Valuation” organized jointly by Khong & Jaafar group of Companies and Utkrusta Advisors LLP; powered by IACVS on the 25th of July, 2019. The masterclass was attended by professional of various fields.

Mr. William Hanlin Jr. addressed the delegates about how International investors look to Business Valuation of distressed assets and the valuation of intangibles with specific reference to distressed assets following which Mr. Elvin Fernandez spoke on Valuation Standards. There were also local speakers, professionals in their fields; namely Mrs. Chitra Nirmala, who spoke about the Impact & Usefulness of Business Valuation on decisions of Committee of Creditors & reaction of market on such sale offers by them; Mr. Rajiv Singh who gave insight into the valuation of distressed assets in India – detect & attack basis & Mr. T. Chandrashekhara who spoke on India – specific departures required in IVS 300 where he addressed the gathering on valuation in India.

All the sessions were very interactive and helped everyone have an overview of how Business Valuation happens internationally and what steps need to be taken to improve the avenue for this domain in India. Towards the end of the day, the delegates left well informed, looking forward to more such educative sessions by the IACVS in future.

ANEVAR International Conference - September 6, Bucharest

Lisa Guo — Fri, 26 Jul 2019 03:25:17 GMT

In order to celebrate THE VALUER DAY, the International Conference "The Future of Valuation for Secured Lending" organized by the National Association of Authorized Romanian Valuers, in partnership with the Romanian Association of Banks - ARB and the Romanian Banking Institute – IBR will be hosted at Bucharest on September 6, 2019. Mr. William Hanlin, President & CEO of IACVS, will attend and delivery a speech at that time. Below is more inforamtion about this conference.

Where: Bucharest - Radisson hotel

When: September 6, 2019, 9:30 a.m.

Web Link: http://site2.anevar.ro/pagini/future-valuation-secured-lending-conference-and-anevar-awards-gala

Participants: About 300 licensed valuers and professionals involved in banking services.

Opening remarks:

* Nicholas Talbot - CEO of the International Valuation Standard Council - IVSC

Keynote speaker:

Krzysztof Grzesik - President of The European Group of Valuers' Associations - TEGoVA

Speakers:

Scott Robinson - MAI, SRA, AI-RRS, AI-GRS, President of the Appraisal Institute 2016 (USA)

William A. Hanlin - President & CEO Board Member of the International Association of Certified Valuation Specialists – IACVS, Canada

Rodrigo Pena Porchas – President of Federación de Collegios de Valuadores - FECOVAL, Mexico

1 representative of the National Bank of Romania

1 representative of the Romanian Association of Banks

2 representatives of top banks

Meanwhile, the fourth edition of "ANEVAR Awards Gala", which aims to reward people and organizations that have contributed significantly to the development of our profession and the increase of the professionalism of the Romanian practice.

Where: Bucharest - Radisson hotel

When: September 6, 2019, 18:00

We are expecting delegates from major international corporate finance, valuation consulting and other companies. Also we expecting delegates from regulators and other governmental bodies.

Details are here: http://site2.anevar.ro/pagini/future-valuation-secured-lending-conference-and-anevar-awards-gala

Welcome you join us!

Seminar in Bangalore (India) July 25

Lisa Guo — Fri, 26 Jul 2019 03:23:27 GMT

IACVS, Utkrusta Advisors LLP & Khong & Jaafar Sdn Bhd will jointly host a one day Masterclass on "An Insight Into Business Valuation" at The Indian Affair, Bangalore on July 25, 2019. The Keynote speakers are Mr. Willian Hanlin, Mr. Elvin Fernendez, Mr. Shivadutt Bannanje and Mr. Rajiv Singh, along with other invited speakers.

Below is the highlights of the course-

* Deeper insight into Business Valuation

* What investors look for in a distressed asset

* Valuation perspective for distressed asset - Indian Scenario

* Impact on intangible value in distressed asset

* Situation Specific value as well

* Levels of value

* And much more...

Here is the Course Flyer and Registration Form, please contact event@utkrustaadvisorsllp.in or Jyothi Mariae (+91 99860 33676) for more information.

William Hanlin's Visiting to Philippine

Lisa Guo — Fri, 19 Jul 2019 03:24:21 GMT

Mr. William Hanlin, President &CEO of IACVS, visited the Value Management & Options Corporation located in Manila and also met with its general manager - Ms. Charito Cole-Alfaro on July 15, 2019. Ms. Charito talked to Hanlin about the main business and development of the company. She also introduces the theory of intangible assets appraisal in the Philippines, the development and change of the practice state, the status of appraisal practitioners, the target customers and how to use the appraisal report. They discussed potential cooperation.

Hanlin also visited Ms. Marife Yee, the Philippine Securities and Exchange Commission (SEC) for a friendly and in-depth exchange of views. Ms. Marife is responsible for approving share offerings and Asset-to-Equity conversions. Marife introduced the practice of intangible assets evaluation in the Philippines, Hanlin introduced the research of IACVS on intangible assets evaluation theory and practice. They also discussed the direction of further understanding and cooperation.

IACVS plans to host events in the Philippines in October 2019.

Welcome to New Zealand International Valuation Conference - September 9-11

Lisa Guo — Sat, 29 Jun 2019 03:22:21 GMT

A Major International Event for the Professional Valuation Community

The ICVPME will host its 11th International Conference at CORDIS Hotel Auckland, New Zealand on 9th - 11th September, 2019. This conference is sponsored by IVSC, RICS, ASA, CAS, API, TAQEEM, IIBV, IACVS and CICBV and other groups. The conference topics address most important and challenging professional issues. From valuation regulation and standards to valuation education, and valuation in the international context. The attendees have a unique opportunity to discuss the changing valuation regulation and standards and learn about various valuation cases covering all disciplines and asset types. The agenda includes professional roundtable discussions, multi-discipline workshops, and training opportunities.

Conference speakers are renowned world leaders in their valuation disciplines, representing major international and national valuation organizations and leading companies from all continents.

By attending the conference, you will able to earn CPD credits for business valuation and PME disciplines. You will meet with and talk to fellow valuers from other countries and learn what is current and topical in the profession, the start-of-the-art valuation techniques and data sources they use.

Mr. Bob Brackett, the secretary-general of IACVS, will attend and present a paper entitled “Acceleration in the development of the valuation profession” during the conference. We warmly welcome our members and contacts participate and gain the latest valuation information from this event.

Conference website: www.icvpme.com

Contact email: info@icvpme.com

About more information please click here to download the Conference Brochure.

Conference on Intangible Assests Hosted in Malaysia

Lisa Guo — Sat, 15 Jun 2019 03:55:12 GMT

TEGoVA European Valuation Conference - Dubrovnik

Lisa Guo — Tue, 28 May 2019 03:20:27 GMT

The beautiful and historic city of Dubrovnik provided the backdrop for an eventful TEGoVA European Valuation Conference and General Assembly hosted by the Croatian Association of Court Expert Witnesses and Valuers (HDSVIP). The General Assembly was attended by 90 delegates representing 45 valuer associations from 24 of the 37 member countries. Additional attendees included 12 board members of the International Institute of Business Valuation (iiBV), including the current and incoming Chairs of the iiBV Board of Directors, Edwina Tam and Anton Lezhja respectively.

Also speaking and participating was the Secretary General of the International Association of Certified Valuation Specialists (IACVS), Bob Brackett from the USA.

After numerous board meetings of the many attending associations on Wednesday (16 May) TEGoVA hosted a full day of valuation training (titled The Role of the Expert Witness in the Valuation of Real Estate and Businesses) taught by individuals from the many attending associations.

On Saturday (18 May) the General Assembly met and deliberated on a number of current valuation issues including an easier to translate definition of market value, a new definition of highest and best use/hope value, insurable value, the use of automated valuation models and data protection (GDPR). One of the most noteable presentations was the topic of implementing the current EU requirements on data security (GDPR) that has had unanticipated impacts on the valuation (business and tangible asset) community. A number of other presentations were delivered:

1. Bernhard Bischoff (BVS) - GDPR Guidelines for valuers
2. Michael MacBrien (TEGoVA Adviser) - Valuation Provisions of Covered Bonds Directive and Mortgage Credit Directive
3. Ben Bervoets (NCREA) - Dutch Regulation/Guidelines for Use of AVM Based Valuations for Mortgage Loan Initiations
4. Peter MacLean (President Appraisal Institute of Canada) - Green Valuation - A Canadian Perspective
5. Danijela Ili? (Chair European Business Valuation Standards Committee) - Progress report on European Business Valuation Standards 2020
6. Michael Reinberg (Chairman European Valuation Standards Board) - Progress report on European Valuation Standards 2020
7. Philippe Guillerm (Chairman European Valuation Practice and Methodology Board - Update on Methodology Chapter for EVS 2020
The Autumn Meeting of TEGoVA will be hosted by the Chamber of Independent Appraisers in Bulgaria (CIAB) in Sofia on 10-12 October 2019.
Additional information on speakers and presentations is available on the TEGoVA website https://tegova.org.

Congratulations on the Establishment of the IACVS Singapore Chapter

Lisa Guo — Thu, 23 May 2019 03:19:30 GMT

We’re pleased to announce the establishment of the Association of Asian Chartered Certified Valuation Specialists – AACVS was established in March 2019. The AACVS is the IACVS Chapter for Singapore and Cambodia. IACVS is a not-for-profit organization dedicated to the education and excellence of the global business valuation profession. Chapters and Charters are the local representatives of IACVS and look for ways to strengthen relationships with local CPA Societies, universities, property appraisers and professional associations. This is to enhance, improve and expand IACVS’s public relations efforts to build ICVS awareness which can include: administering advertising campaigns, identifying contacts that can help build IACVS’s chapter and international prominence. IACVS confers to successful candidates the ICVS – International Certified Valuation Specialist credential.

Both A/Prof. Wilson Lim and A/Prof. Don Prasad are the chapter leaders of AACVS, they have been involved with business valuation for many years and see the need for valuation professionals to be represented in the IACVS global association/network. Professionals from Republic of Singapore and the Kingdom of Cambodia can contact them directly on IACVS and ICVS credential.

The Fifth ICVS Training Class Successfully Held in Malaysia

Lisa Guo — Thu, 25 Apr 2019 03:13:18 GMT

The Business Valuers Association of Malaysia (BVAM) - the IACVS Malaysia Charter has successfully conducted the fifth ICVS Certification Training Class in Malaysia from April 6 to 8, 2019. Forty candidates from Malaysia participated in the course.

Sr Elvin Fernandez, the President of BVAM, taught the business valuation theories and methodologies, and answered many questions from candidates. Ms Jowis Ng has 10 years of corporate finance experience, shared many examples and case studies from an experienced practitioner’s perspective. Dato’ Sr Lau Wai Seang met with candidates and imparted her personal experience and real life cases while teaching the topic on Best Practice for Intangibles valuation class.

All participants were encouraged to utilize the IACVS world-wide network to develop their practices through participating in local and global events.

On April 20, twenty-eight attendees sit for the ICVS multiple choice paper exam at INSPEN. The exam was proctored by Ms. Lisa Guo from IACVS headquarters and Mr. Sr Mohd Zamri bin Awang from INSPEN. Another 6 attendees sit for the online -based exam at a university in India, the exam was proctored by Ms. Jowis. She also gave the IACVS member certificate to these India candidates.

BVAM also hosted its annual general meeting on April 19 at hotel Hilton, Petaling Jaya. Mr. William Hanlin recorded a greeting to BVAM's AGM and wish the meeting ended with success. Around 40 participants joined such events.

We are looking forward to the next training which will most likely be in September 2019.

TEGOVA - European Valuation Conference at Dubrovnik, May 16-18, 2019

Lisa Guo — Tue, 19 Mar 2019 03:11:34 GMT

The Role of the Expert Witness in the Valuation of Property and Businesses

Valamar Lacroma Dubrovnik Hotel

The spring meeting of TEGOVA - European Valuation Conference will be hosted at Valamar Lacroma Dubrovnik Hotel on Friday 17 May 2018. Mr. Bob Brackett, the secretary general of IACVS, will attend and delivery a speech named "The Journey from Real Estate to Business Valuation". Below is more information about this conference:

Conference Agenda:

Meeting Registration Fees:

The registration fee of € 580,00 includes entry to:

- the Valuation Conference on 17 May, tea/coffee breaks and lunch

- the Formal Dinner on 17 May

- the General Assembly on 18 May, tea/coffee breaks and lunch

The extra costs for delegate partners’ formal dinner, partners' programme and informal dinner are indicated in the registration form.

Submit your meeting registration at http://www.dubrovniksun.hr/prijave/tegova-registration/. Please register by April 30, 2019 at the latest.

Hotel Reservation:

Submit your hotel registration at http://www.dubrovniksun.hr/prijave/tegova-accommodation/

For more information about the meeting, pleaselview the conference brochure or contact Secretariat: mr. Igor Kaluder dipl.oec., Secretary CACEW Tel: +385 99 2588 849 E-mail: tajnik@sudski-vjestaci.hr

iiBV Released Four Online Courses

Lisa Guo — Tue, 22 Jan 2019 04:10:39 GMT

The Internatilnal Institute of Business Valuers (iiBV) has realeased four onine courses, which are

*International Cost of Capital - iiBV 210

*Valuing Early Stage Companies - iiBV 211

*Valuing Minority Interests - iiBV 212

*Valuing Intangible Assest - iiBV 213

A single course costs $299 and a four - course package costs $999. Candidates can selects the material at his own discretion, please see more details at https://iibv.org/online-continuing-education

International Conference on New Development of Appraisal

Lisa Guo — Thu, 13 Dec 2018 04:07:47 GMT

The 8th International Conference on New Development of Appraisal was held in Wuhan On December 8, 2018. The forum was hosted by the School of Business Administration (MBA Education Center) at Zhongnan University of Economics and Law, Wuhan, Hubei Province, with the supporting of CAS (China Appraisal Society), ASA (American Society of Appraisal), IACVS (International Association of Certified Valuation Specialists), Asset Appraisal Research Center of Xia Men University and the Capital University of Economics and Finance. The theme of the conference is “Appraisal in the Age of AI: Inheritance and Innovation”. More than 120 participants from China, the United States, Russia, Germany, Japan, Singapore and other countries attended the conference.

At the opening ceremony of the forum, Mr. Zou Bingguo, Assistant to the President of Zhongnan University of Economics and Law, reviewed the development of the asset assessment profession in Zhongnan Finance and Economics Law, affirmed the academic research value of the forum and promoted the valuation industry in China. Mr. Wang Chengjun and Mr. Liu Dengqing delivered the opening speeches respectively.

At the keynote speech reporting session, Dr. Karl Sheeler from the United States, Mr. Alexander Lopatnikov from Russia, Sano Yosuke from Japan, Zhang Guochun, Secretary General of the China Appraisal Society, and Cai Hengjin (Artificial Intelligence Expert) from Wuhan University gave a wonderful speech and pushed the forum into a rigorous academic exchange climax.

Mr. William Hanlin, president of IACVS, delivered a speech entitled “Valuation in the Midst of Valuation”. Mr. Hanlin introduced the definition and extension of artificial intelligence in the world, reviewed the development history and current situation of intelligence to artificial intelligence, and expected the deep development of intelligence may bring challenges to the valuation industry. Besides, Mr. Hanlin pointed out current smart applications such as the AVM - AVM has some impacts on the real estate appraisal projects, but it is difficult to participate in other asset appraisals, risk-based judgments and analysis, and believe it needs time to approve the real artificial intelligence will have influence to the society and industry. Hanlin’s speech was warmly affirmed by the participants, and the opinions of the report were also recognized by the other speakers.

The sub-session of the conference is focus on “The Status and Inheritance of Assets Valuation” and “The Impact of Artificial Intelligence on Asset Valuation”. 14 professors from University, research Center and Valuation Institute gave wonderful speeches on topics such as assessment methods, innovation and internet company valuation, credit valuation, valuation applications for deep learning neural networks, and valuation applications for big data and digital. In the afternoon's theme report, Mr. Liu Dengqing introduced the impact of changes in the supervision of the capital market. Professor Wang Haisu proposed and introduced the research on the intrinsic value of enterprises.

The discussion session focused on the development of artificial intelligence and asset appraisal industry. 5 professors gave their views from different perspective and put forward some ideas for the development of the industry.

At the end of the conference, the guests presented the award certificate to the author of the excellent conference paper, and the meeting ended with warm applause.

IACVS congratulated this conference was successfully held in Wuhan.

IACVS 11th World Council Meeting - Dubai

Lisa Guo — Fri, 26 Oct 2018 03:05:53 GMT

World Council of Charter and Chapters

Dubai UAE

October 21, 2018

IACVS held our eleventh World Council Meeting on October 21, 2018, in Dubai, United Arab Emirates.
Delegates attended from many countries, including China, Canada, Middles East, Southeast Africa, Russia, Kazakhstan, South Korea, India and USA. HQ was represented by Bill Hanlin, Bob Brackett, and Lisa Gao.

The day was filled with much discussion and sharing. We welcomed the newest Charter Member from Southeast Africa. This new member is also offering the first accredited Master’s Degree in Business Valuation. The course is entirely on-line. In addition to receiving a Master’s Degree, graduates are also conferred the ICVS – International Certified Valuation Specialist credential.

The primary discussion surrounded the topic of education, core training and continuing education. Michael Badham presented to the delegates the course offerings provided by iiBV (a new member of IACVS since the last WCM). iiBv’s advanced courses are in the process of being completed for on-line use in either classrooms or individual settings. Michael expects most of the offerings to be ready by the end of 2018, early 2019. These courses will provide BV professionals with opportunities to learn advanced technics and practices, but will also provide an easy method to fulfill the IACVS continuing education requirements.

Of great importance to all IACVS members is moving our core training program to an on-line platform. The charter leaders, included members of academia, impressed upon the Council delegates that new (young) professionals are demanding an opportunity for professional education accessable through a laptop computer at convenient times. There are numerous professional organizations that have already accomplished this change of platform. (IACVS created an on-line venue for core training several years ago, but has apparently not properly promoted it).

Based upon the various opinions of the delegates and especially those involved in higher education, IACVS will make it a priority to update the on-line version of the present core training materials by early 2019. The written materials were updated and released in early 2018. This effort will also include a practice examination for the ICVS credential to assist candidates with their study efforts.

The WCM was graced by a visit from Nick Talbot, Executive Director of IVSC. The IVSC annual general meeting was held over the next three days in Dubai, and included delegates from more than 35 countries and addressed issues concerning the global valuation and appraisal professions.

We are seeking interest from our Charters/Chapters to host the 12th World Council Meeting (in 2019). It would be ideal to hold the WCM when the Charter/Chapters holds their own Valuation Conference. Past WCMs have been held in Frankfurt, Seoul, Taipei, Xi’an, Beijing, Chicago, Malaysia and Dubai.

Thank you for attending!

Respectfully submitted

IACVS HQ

The 8th International Conference on New Development of Appraisal

Lisa Guo — Wed, 17 Oct 2018 03:04:53 GMT

December 7-8, 2018 Wuhan, China

The International Association of Certified Valuation Specialists(IACVS) will be the sponsor of the 8th International Conference on New Development of Appraisal to be held by the School of Business Administration (MBA Education Center) at Zhongnan University of Economics and Law, Wuhan, Hubei Province, China, during 7-8 December, 2018. The conference Theme is “Appraisal in the Age of AI: Inheritance and Innovation”.

Delegates will include influential stakeholders from governments, business, and non-governmental organizations, academics, policymakers, and appraisal institutes. Mr. William Hanlin, President & CEO of IACVS, will attend and present a speech at the conference.

Registration

Registration Fees: RMB1000 per person, including conference materials and meals.

Important Timeline

Registration Deadline: November 15, 2018

People in Contact
Dr. Wen Hao (mobile phone: +86-13986003448)
Dr.Wang Juanjuan(mobile phone: +86-15327151891)
Tel: +86-27-8838-3883
Contact email: ivforum2018@163.com

The 2018 ANEVAR/IVSC Conference

Lisa Guo — Sat, 22 Sep 2018 03:02:57 GMT

ANEVAR, the national valuation and appraisal society in Romania, held its annual valuation conference in Bucharest, which is Romania's capital and largest city, as well as the most important industrial and commercial center of the country. With 2 million inhabitants in the city proper and more than 2.4 million in the urban area, Bucharest is one of the largest cities in Southeastern Europe. Bucharest is the 6th largest city in the European Union by population within city limits, after London, Berlin, Madrid, Rome, and Paris.

This conference saw more than 250 attendees, representing more than 20 countries.

ANEVAR is Europe’s oldest valuation society, founded in 1992. They have held this conference annually for many years. The conference opened with greetings from President Dana Ababei, followed by Nick Talbot from IVSC.

Technical presentations on many technical valuation issues were made throughout the day. Bill Hanlin, IACVS president, gave a brief history of the evolution of the business valuation profession, leading to conclusion that all valuation professional organization should agree to follow a single set of professional standards to unite the profession and ease the task of stake-holders, banks and regulators to better understand how business valuation is intended to create better business communications.

IACVS was given time to present the Honorary Member award to Gheorghe Badescu, founder of ANEVAR. Only the fourth recipient of this award, Gheorge had been a life-long contributor to both the institution of business valuation and the on-going conversation to develop and adopt common valuation theories and models to be used by all valuators around the world.

Technical topics that were presented included:

* Valuers of All Asset Categories by Anton Lezhja. Anton discussed the need to evaluate the resources require to do a complete job of valuation, including property, machinery and equipment and intangibles. Doing this analysis early in the engagement will lead to better management of completion dates and estimation of engagement fees.

* Early Stage Company Valuation by Diana Nikolaeva. Diana described the challenges valuators face when engaged for early stage/start up valuations. The difficulties arise from the different needs of stakeholders for M&A, financial reporting, the search for public information including comparables, and regulatory scrutiny.

* The Use of Multiples by Mauro Bini. The market approach has always presented challenges for valuation. How do you search for relevant data? How should market multiples be adjusted or modified for specific engagements? The task of the professional valuer is to remain topical and relevant.

* Using Black Scholes for Valuing Shares by Andrew Strickland. Valuing company shares can be complicated by the needs and motivation of the enterprise and its shareholders. Higher values can mean the promise of future rewards. Lower values could be a disincentive to current and future employees. Andrew discussed the options facing the valuator when using Black Scholes.

* Market Multiples and Incremental Risks by Jeff Tarbell. This presentation described the similarities between the market and income approach. In using market multiples, Mr. Tarbell describes how we can reduce the subjectivity in selecting market multiples.

* Evaluating Risk in Retail Property by Don Gilbert. Mr. Gilbert presented his model for analyzing commercial retail rents in a relevant way as to be able to predict trends in future rental rates that would be sustainable for the near and long-term tenant. Mr. Gilbert has created a clever computer template that adjusts suggested rental rates depending on historical rates, expected future economic trends, space availability and more.

* Transactional Asset Pricing Approach (TAPA) by Andrey Artemenkov. Dr. Artemenkov presented a newer approach for valuing an enterprise using a combination of historical ratios and future economic measurements and predictions. Current models usually assume that markets are efficient and will continue to be efficient into the future. Dr. Artemenkov says a newer model is needed to allow for market imperfects that can reduce the tendency to overstate values.

The conference was followed by a gala banquet filled with awards, tributes performances and wonderful cuisine. I am looking forward to attending future conferences in Bucharest!

The 4th ICVS Certification Training Class Successfully Held in Malaysia

Lisa Guo — Fri, 24 Aug 2018 03:00:03 GMT

The Business Valuers Association of Malaysia (BVAM) and the IACVS Malaysia Charter have successfully conducted the fourth ICVS Certification Training Class in Malaysia from August 4 to 6, 2018. 27 candidates from Malaysia, Singapore took part in the training course.

Sr Elvin Fernandez，the President of BVAM, taught the business valuation theories and methodologies, and answered many questions from candidates. Ms Jowis Ng has 10 years of corporate finance experience, shared many examples and case studies from an experienced practitioner’s perspective. Dato’ Sr Lau Wai Seang met with candidates and imparted her personal experience and real life cases while teaching the topic on Best Practice for Intangibles valuation class.

All participants were encouraged to utilize the IACVS world-wide network to develop their practices through participating in local and global events.

On August 18, 27 attendees sit for the ICVS multiple choice exam. The exam is proctored by Ms. Lisa Guo from IACVS headquarters and Mr. Sr Mohd Zamri bin Awang from INSPEN.

We are looking forward to the next training which will most likely be conducted in February 2019.

21st ASEAN Valuers Association Congress hold by ASEAN Valuers Association (AVA)

Lisa Guo — Fri, 17 Aug 2018 02:57:46 GMT

TOPIC: “Valuer’s Roles and Challenges Beyond Valuation Services in Regional Economic Development”

TIME: September 24 - 26, 2018

LOCATION: Yogyakarta, Indonesia

The ASEAN Valuers Association was constituted in June 1981 with Malaysia, Indonesia, Philippines, Singapore, Thailand, Brunei, Vietnam, and Cambodia as members. A cong ress and general assembly are held every year and are rotated amongst the country members.

The objectives of AVA are to promote closer relations, co-operation and mutual understanding amongst valuer and allied professionals in ASEAN; provide organizational framework for regional co-operation in the study and research in the harmonization of relevant fields of valuation amongst ASEAN countries; and to co-operate with international, regional, national, and other organizations in the furtherance of the objectives.

For Conference Programme and Registration Form, please click the Conference Flyer.

2018 IVSC - ANEVAR International Valuation Conference “Business Valuation in a Globalised World”

Lisa Guo — Thu, 16 Aug 2018 02:54:43 GMT

An important meeting of the valuers around the world will be held in September, 7, 2018 at Intercontinental Hotel, Bucharest hosted by The International Valuation Standards Council (IVSC), and the National Association of Authorised Romanian Valuers (ANEVAR).

This IVSC - ANEVAR International Valuation Conference “Business Valuation in a Globalised World” is part of the cooperation between the two organisations to develop the valuation profession, enhance professionalism and promote international business valuation standards.

We expect guests not only from Europe, but also from all over the world.

Speakers will be invited from The International Valuation Standards Council (IVSC), American Society of Appraisers (ASA), International Association of Certified Valuation Specialist (IACVS), International Institute of Business Valuers (iiBV) and Business Valuation resources (BVR) to share the latest in the valuation field.

IACVS president William Hanlin will be the speakerand give a lecture of "The BV Profession: The Urge to Change" in the IVSC - ANEVAR Conference.

For more information, please click the Conference Website and the Promotion Video.

Notice of CM&AA Certification Course in Singapore on Sep. 3-7

Lisa Guo — Sat, 28 Jul 2018 02:51:26 GMT

Certified Merger & Acquisition Advisor ---Certification Program

September 3rd - 7th, 2018

School of Economics, Singapore Management University

The Alliance of Merger Acquisition Advisors (The Alliance) is the premiere International Organization serving the educational and resource needs of the middle market M&A profession. Formed in 1998 to bring together CPAs, attorneys and other experienced corporate financial advisors, The Alliance's 1100+ professional services firms including some of the most highly recognized leaders in the industry--draw upon the combined transactional expertise to better serve the needs of their middle market clients worldwide.

The Alliance members represent sellers and buyers of businesses ranging from S5 to S500 million in transaction value. Their services are seller representation, buyer representation, due diligence, accounting, financing business valuation, tax planning, legal, strategic advisory, and many other transaction services.

CONFERENCES AND CERTIFICATION PROGRAM

The Alliance members convene regularly for training and continuing education the semi-annual conferences cover a wide range of topics of interest to bur mem bers, but most importantly, AMRAA members gain the most benefit from. the networking opportunities available to them and their middle market Advisory colleagues.

For the Agenda and Speakers, please click CM&AA Brochure Singapore Sept 2018 to download Brochure.

CO-ORGANIZED BY:

Questcorp Global Inc & The Alliance of M&A Advisor (AM&AA)

International Association of Certified Valuation Specialists (IACVS)

ENQUIRY, PLEASE CONTACT:

Yeann Tan

yeann.tan@questcorpglobal.com

+603 8933 6220

(Monday - Thursday 9.00am - 6.30pm, Friday 9.00 - 5.00pm)

Notice of 2018 Southeast Chapter of Business Appraisers Annual Conference

Lisa Guo — Fri, 08 Dec 2017 03:46:38 GMT

Join the SECBA, with BVR and IACVS for the 2018 Annual Conference, Valuations in the Future. The world continues to flatten as international issues touch all appraisers and valuators. The impact of international operations, the global economy, global competition and the convergence of valuation standards pose challenges to every business appraiser and valuator. Join us in Atlanta for another information rich conference. Network with esteemed professionals and share ideas with national thought leaders.

Topics ── Valuations in the Future

◆ Economic update ◆ Standards Updates - CEIV, IVS, USPAP, NACVA's Appraisal Review, peer review, Mandatory Professional ◆ Risk, thinking about it from a different perspective. Another view-point when estimating risk ◆ Update on valuations in China ◆ Personal Good-Will in M&A transactions ◆ Block Chain and other electronic payment ◆ Resources - Opportunities & Challenges ◆ M&A valuations v fair value valuations v fair market valuations ◆ An Ounce of Prevention is Worth a Pound of Cure - HIPAA Tips for Appraisers ◆ Fairness Opinions, challenges & pitfalls

Conference Agenda

*Friday, 9 February, 2018***
12:00 PM - 1:00 PM	BOX LUNCH
1:00 PM - 5:30 PM	Standards Updates - CEIV, IVS, USPAP, NACVA's Appraisal Review, Peer review, Mandatory Professional; Risk, thinking about it from a different perspectivel; Another view-point when estimating risk.
6:00 PM - 7:00 PM	FELLOWSHIP HOUR (cash bar)
7:00 PM - 9:00 PM	GROUP DINNER (at hotel)
*Saturday, 10 February, 2018*
7:00 AM - 8:00 AM	Continental Breakfast, Buffet
8:00 AM - 12:30 PM	China Issues; Personal Good-Will in M&A transactions; Block Chain and other electronic payment; Resources - Opportunities & Challenges.
12:30 PM - 1:30 PM	LUNCH
1:30 PM - 5:30 PM	M&A valuations v fair value valuations v fair market valuations; An Ounce of Prevention is Worth a Pound of Cure; Fairness Opinions, challenges & pitfalls; Fairness Opinions, challenges & pitfalls.

CPE Information

Prerequisites: Mid-to advanced business valuation background, topics are advanced

Program level: Intermediate to advanced

Preparation time: NONE

Delivery method: Group, live discussions with practicing experts

Recommended CPE: 5 hours Friday Feb. 9 and 9 hours for Saturday Feb. 10 (specialized knowledge and application in the field of study known as business valuation/appraisal)

Sponsoring CPE Provider: Business Valuation Resources, LLC

Registration Information：

Conference Fee $505 per person includes registration: electronic conference materials (we are going paperless in an effort to be green and keep conference costs down), lunch and dinner on Friday, and continental breakfast and lunch on Saturday. Special pricing for students, professors, and/or spouses is available. An Early Bird Discount of $50（Discount Code：SECBA2017Special）for all full price registrations received before November 24.

All payments should be made at registration ($505, $455 with an early registration. Students, professors, and accompanying family members pay for food only [$250]).

Please Click to REGISTER NOW

For additional information you may contact:

Robert Brackett, ICVS, CVA, CPA, MM, CGMA

+1 630 344 2355 ; robert@crandall-brackett.com

The 7th International Forum on New Development of Valuation

Lisa Guo — Fri, 03 Nov 2017 02:44:27 GMT

The International Forum on New Development of Valuation has been successfully held from 2011 to 2016. Valuation experts have presented from America, England, Australia, Russia, Canada, Singapore, Japan, Taiwan, Hong Kong and other countries and regions. These Forums have also attracted the leaders of relevant government agencies, scholars, local valuation experts, and business executives in China. The attendees have taken part in the forums to engage in lively discussions with each other.

The 7th International Forum on New Development of Valuation will be held in Beijing from December 2nd to 3rd in 2017. Capital University of Economics and Business (CUEB) will be the sponsor and venue of this year’s forum in cooperation with the American Society of Appraisers (ASA), Business Value Research Center of Zhongnan University of Economics and Law (ZUEL), Economic School of Xiamen University and International Association of Consultants, Valuators and analysts (IACVA). The forum is supported by China Appraisal Society and other institutions as well.

The forum provides a platform for experts and scholars from around the country and from other parts of the world to present ideas on the latest development of valuation. Meanwhile, CUEB will collect papers from both academic and the professional experts, selecting the best and most excellent papers for presentation at the Forum.

The Forum’s main theme for 2017 is “New Developments in Valuation.” We cordially and formally invite you to attend our forum as guests. Details of the forum are as follows:

I. Topics for the Forum

1.The valuation for M&A

2.The valuation of cultural and creative industry

3.The valuation of internet companies

4.The valuation of cyclical companies

5.The valuation of financial assets

6.The valuation of mineral rights

7.Valuation for financial reporting

8.The new progress and economic effect of valuation standards.

9.Other cutting-edge issues of valuation

II. Paper Submission

In association with the up-coming forum, we are inviting valuation professionals to submit papers in relation to the topics outlined in section I above. Papers intended for submission must be original and have never been published before elsewhere.

Please send an electronic copy of your papers to our forum mailbox (IVforum@163.com) before November 15, 2017 with the following information:

◆ Topics of the papers

◆ Information of the author including author’s name, position in the organization, name of the organization, postal code, email address, contact number.

◆ Papers should include the following: Chinese & English Title; Chinese & English Summary (clarify the essence and academic innovation of the paper, at most 300 words); Chinese & English Keywords (at most 5); Contents, references and citation.

Please submit papers, in Word format, through an email with heading “paper for the 7th International Forum on New Development on Valuation - the first author’s name”. the attached electronic version paper should be named “main title of the paper- and author’s name”.

III. Expenses

● Forum fee:

RMB 800 per person, RMB 400 per student.

●Transportation and Accommodation are not covered.

IV. Contacts

Contact unit: School of Public Finance and Taxation of Capital University of Economics and Business

Contact address: No. 121 Zhangjia Road Junction, Fengtai District, Beijing

Postal code: 100070

Contacts：Mr. Fan (Mobile: +86 13321111126)

Mr. Liu (Mobile: +86 18610093670）

Tel：86-10-83952629 Email：IVforum@163.com

V. Forum Registration

Please fill the “Forum Registration” and then return it before November 20, 2017 by email to the Forum Organizing Committee.

Notice of ICVS Training Course in Malaysia on November 18 – 20

Lisa Guo — Tue, 12 Sep 2017 02:43:01 GMT

BVAM (Business Valuers Association of Malaysia), the IACVA Malaysia Charter, will organize the second ICVS training course on November 18-20, 2017 after it has successfully conducted its first ICVS training class in 2015.

This Course will provide the fundamentals of each approach to valuation, together with limitations and caveats on the use of each, as well as extended examples of the application of each. At the end, participants should be able to

◆ Understand the Valuation Process

◆ Value “problem” firms, such as financially troubled firms and startup firms

◆ Understand the DCF, Asset and Multiple Approaches to Value

◆ Provide Critiques of these Approaches

If you want to bolster your skills to create and maintain a thriving practice, and acquire an international qualification in Business Valuation as well as be involved in business valuations in Malaysia, please click the course flyer to find more information and email the registration form to BVAM.

Participate will obtain a Certificate of Attendance and become eligible for membership with BVAM and IACVA. After passing the course exam and submit a case report for approval, participants can become an International Certified Valuation Specialist (ICVS) and get the ICVS certificate from IACVA.

IACVA Reaches a Comprehensive Strategic Alliance with iiBV

Lisa Guo — Tue, 12 Sep 2017 02:38:47 GMT

Toronto, CANADA – The International Institute of Business Valuers (iiBV) and International Association of Consultants Valuators and Analysts (IACVA) announce that IACVA has become a member of iiBV as a first step towards the two organizations developing a comprehensive strategic alliance to develop business valuation courses worldwide and build upon the IAVCA designation, the International Certified Valuation Specialist (ICVS).

The iiBV and IACVA will work together to develop a uniformly high standard of professional education courses and testing products that meet the needs of international business valuators and their related VPO's, government agencies, and regulators. The training products will be "IVS-aware" and designed for both translation into other languages and for the addition of nation-specific modules. These training products will be delivered around the world both in-class and online. Business valuation professionals who complete the core training program of the iiBV and achieve a passing grade on the final exam will be designated as an International Certified Valuation Specialist, proudly, the ICVS.

“The collective efforts of iiBV and IACVA will have a profound effect on the international development of uniform best practices for the growing professional valuation community. This is an important step in the continuing efforts to the on-going need to earn the trust of all stakeholders: clients, auditors, regulators and the investment community,” says Bill Hanlin, President/CEO of IACVA.

Edwina Tam, Valuation Partner at Deloitte’s Hong Kong office and Chair of iiBV’s Board of Directors added that “The iiBV is supported by senior business valuers from around the world who are committed to helping the iiBV develop the highest quality professional education. Our belief is that a high quality of education will improve the reputation of business valuers with users of valuation reports and government regulators, ultimately leading to the growth of the profession.”

“For the past 5 years, senior business valuers around the world have been asking for a top-of-the-market education and training program, aimed at achieving a globally recognized designation as well as covering advanced topics that are constantly emerging and changing,” says David Foster, CEO of BVR.

As part of the strategic alliance, Bill Hanlin will join the iiBV Board of Directors and various senior IACVA representatives will join the Education Committee of the iiBV. Michael Badham and Peter Ott will join the Board of IACVA.

Andrew Strickland, Consultant at Scutton Bland Chartered Accountants, London, United Kingdom, and Chair of iiBV’s Education Committee commented that: “During 2017, the iiBV’s goal is to be offering its suite of courses(iiBV 100, 101, 102, 103 and 105) on-line in a modular self-study format, together with exams to support the accreditation process and the IVSC’s plan to develop an international designation.”

The iiBV, together with its member valuation professional organizations, leads the business valuation profession globally by providing business valuation education courses and course materials at the highest professional standard, promoting consistent professional ethics and standards, facilitating the exchange of information and ideas, and encouraging international co-operation and communication among business valuation professionals and organizations.

Founded in 2000, IACVA embraces a broad membership of professionals, students, regulators, academicians and others interested in the field of business valuation and fraud deterrence. This broad-basis brings new ideas and discussions on the best practices essential to a growing professional discipline.

IACVA’s core objective is to transfer best practices in both valuation and fraud deterrence. IACVA promotes the uniform application of valuation theories, approaches, methods and models throughout the world. In the field of fraud deterrence and forensic accounting, IACVA encourages the development and dissemination of consistent and demonstrable systems and techniques for both detection and prevention of fraud.

IACVA pursues its mission through the establishment and support of national professional associations known as Charter Members. These Charter Members represent distinct regions or countries, each with practitioners/members who provide services to their valuation and fraud prevention communities.

For additional information, please go to the iiBV website at www.iibv.org or contact Michael Badham, Executive Director of iiBV at michchaelbadham@iibv.org or the IACVA website at www.iacva.org or contact Bill Hanlin, CEO of IACVA at billh1@iacva.org

Mr. Hanlin’ s visit on China Appraisal Society

Lisa Guo — Thu, 11 May 2017 02:37:31 GMT

Mr. Hanlin met with CAS Secretary-General of Dr. Zhang, Deputy Secretary-General of Madame Han and Ms. Han Ning on April 26, giving a pleasant exchange and discussion of events and affairs.

Mr. Hanlin introduced the IACVA new course — Valuation for Mergers & Acquisitions and give a brief description. Madame Han presented the appreciation on the advantage and practicability of this course and will bring it in as marathon CPE training course which is run by CAS twice a year for its members. Hanlin agreed to present this course on CAS’s CPE event in Xiamen this year. Hanlin mentioned the general preparation of the International Business Valuation Conference, Dr. Zhang said CAS is willing to be a sponsor of the Conference on November 2-3, 2017 Shenzhen, China. Then, Hanlin and Dr. Zhang had a warmly conversation on other future international events. Mr. Hanlin stated IACVA would continue to have a good relationship with CAS.

Mr. Hanlin's visit on Beijing

Lisa Guo — Thu, 04 May 2017 02:33:24 GMT

On April 27th, Mr. William Hanlin, Chairman of IACVA, was invited to visit the Beijing Appraisal of Society, and met with the Deputy Secretary-General of Pang Jun and the Director of Tang Ke, giving a pleasant exchange and communication on their respective associations’ situation.

Ms. Pang expressed her hot greeting to Mr. Bill's visit. Mr. Bill gave a brief presentation on IACVA’s mission, charter distribution and members, especially introduced the coverage area and daily work of IACVA China charter.

Mr. Hanlin presented IACVA's approaches and requirements on management, membership and member dues matters, the IACVA's recommendation to use the IVS and the internationally accepted financial reporting guidelines. In the meanwhile, he had a brief introduction towards the IACVA online training courses and professional resources which is available to members. He also shared the International Business Valuation Conference information in recent two year: 2015 Dubai conference and 2016 Malaysia conference.

Mr. Hanlin updated the current condition of business valuation in the United States, specifically conducted detailed analysis on the business valuation practices: valuation for tax, valuation in M & A and valuation on court litigation, he emphasized the business valuation is occupying a more important position in modern social life and economy.

After the interview, Ms. Pang took a photo with Mr. Hanlin and expressed her expectation for the next visit to BAS.

Valuation for Mergers & Acquisitions course was successfully held in Korea

Lisa Guo — Fri, 28 Apr 2017 02:31:30 GMT

The new IACVA course---Valuation for Mergers & Acquisitions was given by Mr. Bill Hanlin in Seoul, at April 24, 2017. The all-day class was held at the KVA Training Center, 35 attendees sit for this course. The course aimed to give the valuator some ideas for providing valuation services to the M&A market.

The M&A activity for privately held businesses is a growing service market for valuation professionals. Differences in valuation for sellers and buyers were explored in depth. The course presents subjects for the different valuation needs of sellers and buyers.

Professional valuators can provide services other than just valuation reports for buyers who are not sure how to judge the accuracy of the seller’s cash flow projections and other assumptions used to support a selling price. These other services included a Quality of Earnings engagement which applies valuation techniques to the seller’s projections to uncover the seller’s projection adjustments as well as additional adjustments that might favor either the buyer or the seller.

Resources that are available for comprehensive valuation services, including research options and data, were reviewed with attendees.

The course was concluded with a case study of a real-live M&A engagement.

IACVA and KVA are already discussion the possibility of holding this course again before the beginning of 2018.

In addition, we will host some seminars in the following areas:

1 day seminar in Hong Kong	Valuation for Mergers & Acquisitions	April 29
1 day seminar in Indonesia	Valuation for Mergers & Acquisitions	May 3
1 day seminar in Malaysia	Approaches to Valuation and Case Study	May 8
1 day seminar in Singapore	Valuation for Mergers & Acquisitions	May 13

If you are interested to join the course, please email to cpe@iacva.org for more information.

Mr. William Hanlin Attended the 2017 Winter Conference of AM&AA

Lisa Guo — Fri, 28 Apr 2017 02:29:27 GMT

IACVA president William Hanlin participated in the Winter Conference of AM&AA (Alliance of Merger & Acquisition Analysts) held in Las Vegas on February 1st to 3rd. He met with AM&AA board members and discussed collaboration in Singapore and the upcoming summer conference during 2017 to held in Chicago.

Both organizations acknowledged their members are perfectly aligned to work with each other on cross-boarder M&A deals with special skill sets in valuation and deal-making. The members compliment each other in facilitating collaboration for their clients in many aspects of an engagement.

Stay tuned on more details for upcoming events!

IVSC Anounces The New Standards

Lisa Guo — Sun, 05 Feb 2017 03:23:36 GMT

The IVSC held its annual AGM in Bali, Indonesia last November. This meeting was the single-biggest event for IVSC and its members in many year, concluding a two-year process of revising the International Valuation Standards (IVS). 2016 was very busy with the new exposure drafts and the many comments and responses from members like IACVA. The newly revised standards are very comprehensive and deal with valuation and appraisal issues for valuing businesses and appraisal of tangible property. This effort consumed many thousands of hours by dozens of dedicated professionals who have volunteered their time to make the revised standards useful to all professionals and stakeholders.

Our IACVA Standards Committee, under the guidance of James Catty, ICVS (Chairman Emeritus) and Jim Horvath, ICVS, Chairman, produced dozens of comments and suggestions to clarify and improve the drafts of the new version of IVS.

The IVSC, under the very capable Sir David Tweedie – IVSC Chair, will now promote global adoption of the new IVS, country by country, as the universal valuation standards. This effort will be much like the experience of the accounting standards under IFRS that have been adopted by more than 120 countries for their professionals.

IACVA will be adopting the 2017 IVS as the IACVA framework for valuation work, report writing, and governance of member competencies and ethics. We believe this is a major turning point for the establishment of a truly global valuation profession where all valuation professionals have the same set of standards.

We encourage all IACVA members and stakeholders to view the 2017 IVS (www.ivsc.org) and to forward comments to IACVA with any suggestions on this matter (info1@iacva.org). Your IACVA Board believes that the adoption of the IVS is a big step forward for all IACVA members.

Please click IVS to view the new standards.

Respectfully submitted,

Bill Hanlin, Jr. CPA, ICVS

2016 Annual Southeast Regional Conference Successfully Held in Atlanta

Lisa Guo — Tue, 11 Oct 2016 02:21:42 GMT

Mr. William Hanlin, CEO & President of IACVA, attended the Southeast Chapter of Business Appraisers’ 2016 Annual Southeast Regional Conference jointly held by SECBA, IACVA and BVR on September 30th and October 1st, 2016 at the Westin Atlanta Airport Hotel in Atlanta, Georgia, U.S.A. The topic of the conference is “Valuation in an Upside Down World.” The presentations at this year’s conference were focus on some major challenges we face as the businesses we value move closer to international borders and cross them.

During the conference, Mr. Hanlin delivered a speech named “International Update on Peer Review and impact on the valuation world.” Mr. Robert Brackett and Ms. Susan Yi from IACVA, along with other 30 business appraiser and valuator also participated in this conference.

The next SECBA conference will be held at the same time in Atlanta, USA in 2017.

2016 IACVA International Business Valuation Conference Held in KL, Malaysia

Lisa Guo — Tue, 27 Sep 2016 02:05:32 GMT

IACVA and the IACVA - Malaysia Charter (BVAM), together with, BVR, held a busy and well attended conference at the Royale Chulan Kuala Lumpur hotel on September 19, 2016. The conference was opened with remarks by Malaysia’s Deputy Minister of Finance, Data’ Othman Bin Aziz, who discussed the importance of business valuation to the Malaysian economy. Presenters included experienced business valuation professionals from six continents - Africa, Asia, Australia/Oceania, Europe, North America and South America who shared insights on business valuation theories and practices in today’s global economy. Over 160 participants attended the conference.

Datuk Sr Haji Faizan Abdul Rahman, president of IACVA Malaysia Charter (BVAM), expressed his warm welcome to all participants and discussed the development of business valuation in Malaysia. Jim Horvath, Chair of IACVA, expressed IACVA’s welcome and thanks to all attendees, and wish for the conference to successfully complete. Dato’ Othman Bin Aziz, the Deputy Minister of Finance, Malaysia, elaborated on the development and future of the business valuation industry in Malaysia. He spoke highly of IACVA leadership and all the efforts of the IACVA Malaysia Charter already accomplished. Mr. Othman also expressed the desire of the Malaysian Ministry of Finance for the current 39 ICVS professionals to increase to 1,500 within 10 years’ time. He discussed how business valuation skills have become indispensable in the economic crossroads of Malaysia. His bright outlook for the future of business valuation in Malaysia drew an enthusiastic response from the attendees.

After the opening ceremony, three presenters - Dr. Bian Ronghua, Dr. Sung Soo Seol, Mr. Eugene Liu shared business valuation practice and development in China, Korea and Hong Kong. They answered questions from attendees.

Mr. Elvin Fernandez (Malaysia), Mr. Budi Martokoesoemo (Indonesia), Mr. Cheng Soon Keong (Singapore), and Mr. William Yuen (Hong Kong) discussed their insights on valuation theories and practices in their respective countries and for international practices.

Lunch at the Royale Chulan Kuala Lumpur hotel was busy with questions between attendees and presenters.

Following the spirited lunch discussions, Mr. Chan Chi Wah (China) delivered his paper “Due Diligence in Business Valuation”. Mr. Li Xiang (China) followed with a summary of his experience on global valuation projects. Ms. Chen Qian (China) then discussed an “Introduction of China’s Asset Appraisal Law”. Mr. Sunday Ojedid (Nigeria) then presented his paper entitled “In Search of Global Uniformity of Valuation for Compensation Purpose” (concerning eminent domain issues). Attendees asked difficult, real world questions.

Jim Horvath then returned to the podium and discussed various issues important when building a business valuation practice, from a single practitioner to a multi-analyst office. Participants had many questions and concerns.

Mr. Robert Brackett updated the attendees on changes in global valuation standards, including the IVSC and others. He also shared recent developments in global best practices for business valuation.

The location for the 2017 International IACVA Conference was announced, Shenzhen China, with a date of September or October 2017.The conference concluded with a session focused on practice management tips. Discussions included the need for transparency, issues with terms and distinctions (e.g. fair value, fair market value, market value, valuation date, report date) and the ongoing need to educate our stakeholders (bankers, regulators, and others) on the need and usefulness of valuation experts.

IACVA 2016 World Council Meeting Held KL, Malaysia

Lisa Guo — Tue, 27 Sep 2016 02:04:39 GMT

IACVA’s Annual World Council Meeting (2016) was held on September 18, 2016 in Kuala Lumpur, Malaysia as Charter and Chapter representatives from around the globe joined the IACVA Board of Directors and Executive Officers in discussions about the current and future global valuation landscape.

Mr. William Hanlin (President) opened the meeting, welcoming the many Charter and Chapter leaders and chaired the meeting, encouraging input and discussion from everyone at the table. The agenda included reports by charter leaders of their 2016 events and plans for 2017; before turning to discussion of quality control standards and the accompanying peer review project, copyright issues, and resources available through BVResources.

Mr. Hanlin also announced the next world council meeting will be held in Shenzhen, China. The date will be sometime in September- October of 2017.

IACVA Online CPE Course - Current Valuation Updates September 2, 2016

Lisa Guo — Sat, 16 Jul 2016 02:03:26 GMT

This course is designed to provide the latest update on valuation theory, standards, best practices and happenings around the globe. It is hosted by Mr. Robert Brackett and will invite guest speakers from global standard setters as well as distinguished scholars from various countries as needed.

* Be kept up to date with global valuation topics and issues

* Hear expert insight on professional development

* Industry best practices on current valuation field

Training Date

September 2, 2016 (7:30am-9:30am Chicago Time)

Instructor: Robert C. Brackett, CPA, ICVS, CVA, MM

Robert C. Brackett has served as president of Crandall & Brackett, Ltd., since 1991. He is active in professional organizations that provide training and standard setting for business valuators. He is a founding member and secretary general of the International Association of Consultants, Valuators, and Analysts (IACVA), the world’s largest association of business valuators and fraud deterrence professionals with members in over 50 countries.

Mr. Brackett has authored and taught courses in business valuation theory and practice through the Illinois CPA Foundation, the American Institute of CPAs, IACVA, and NACVA. Mr. Brackett conducts seminars on valuations and ownership issues for many professional associations and business groups, and writes articles for monthly trade publications. He has presented at numerous international conferences in U.S., China, India, Singapore, Thailand, Vietnam, and Indonesia.

His professional credentials include the following: Certificate of Educational Achievement in Business Valuations from the Illinois CPA Society, and the American Institute of Certified Public Accountants; as well as the Certified Valuation Analyst designation awarded by NACVA. He also maintains his CPA license, and has been awarded the Chartered Global Management Accountant (CGMA) designation by the AICPA.

Mr. Brackett’s background includes 15 years of general business consulting, five years as an operating nuclear engineer, and an undergraduate degree in industrial engineering. He is also a retired captain in the U.S. Navy Reserves, and is active in the direction of local community emergency planning and response.

CPE Information

Prerequisites: Knowledge of Business Valuation

Program Level: Intermediate

Preparation Required: None

Delivery Method: Group Live

Recommended CPE: 2 Credit Hours

Registration Fees: $95 (IACVA members)

For further information, please contact cpe@iacva.org.

The 8th WAVO Conference on November 1-3, 2016 in Korea

Lisa Guo — Mon, 27 Jun 2016 02:02:32 GMT

The World Association of Valuation Organizations (WAVO) will hold the 8th conference on November 1-3, 2016 in Korea. The conference is co-sponsored by Novotel Embassador Daegu and Korea Appraisal Board Republic of Korea. Below is the theme of this conference:-

Enhancing the Quality and Efficiency in Valuation

Topic 1: Establishing Precise Valuation Standard

Topic 2: Building Valuation Monitoring System

Topic 3: Artificial Intelligence (AI) & Valuation

Conference Agenda

Location and Contacts

As a good partner of WAVO, we IACVA welcome our global membes and friends join in such conference

2016 Southeast Chapter of Business Appraisers Annual Conference

Lisa Guo — Wed, 15 Jun 2016 01:46:09 GMT

"Valuation in an Upside Down World"

The upcoming SECBA/IACVA Southeast Regional Conference will be held in Atlanta, Georgia, USA on September 30(Friday) and October 1(Saturday), 2016 at the Airport Westin (hotel).

Join the SECBA, its new partner, IACVA, and BVR for the 2016 Annual Conference, Business Valuation in an Upside Down World. The world continues to flatten as international issues touch all appraisers. The impact of international operations, global economy, global competition and the convergence of valuation standards pose challenges to every business appraiser. Join us in Atlanta for another information rich conference. Network with esteemed professionals and share ideas with national thought leaders.

Why You Should Attend

The presentations at this year’s conference will focus on some of the major issues faced by appraisers outside the estate and gift tax arena. The application of theory or the choice of techniques used to develop an appropriate deliverable may take different twists as we step away from these traditional engagements. All business valuators, CPA’s, and attorneys are welcome to attend.

When we step beyond estate and gift tax valuations and into the real world, we face different “choices” available as they relate to the valuation process. Join us as we focus on some of the areas that are critical to getting to the right value on the value continuum. The conference promises to be truly outstanding and will cover issues that affect how business appraisers determine value and will discuss both classic considerations and emerging trends.

Join us in Atlanta as our national recognized speakers share their knowledge and experience. The depth of knowledge and fellowship at the SECBA Conference brings back many participants and speakers, year after year. Come and enjoy the warm hospitality of our Southeast Chapter.

Agenda
Friday September 30
Noon - 1pm: Lunch
1pm-6pm	Federal Reserve will provide an informative and up to the minute update on what is happening as it impacts our economy
	Q&A on Levels of Service: Do standards impact selection?
	SEC Valuation Requirements: Understanding what is necessary to be in compliance
	International Update on Peer Review and impact on the valuation world
	Social Media: Who really owns it and what is it worth?

7pm-9pm: Networking and dinner
Saturday October 1
8:30am-5:30pm	Cost of Capital: Are we getting it right yet?
	Expert Panel on Troubling topics –pass-thru valuations, IRS’s position that no method is good enough, new partnership IRS audit rules, and more

Learning Objectives

Explore the application of business valuation methodology and techniques for non-gift and estate engagements.

* Get the most up-to-date information globally and on the US and Southeast economy.

* Learn how to take proactive steps to make sure that real estate appraisals you incorporate into your report are consistent with the purposes and standard of value.

* Discuss issues related to valuing a business in an international setting.

* Learn how to leverage valuation knowledge and experience into successful transition planning assignments, including identification of key pitfalls through case studies.

* Gain a better understanding of the latest in valuation methods of technology based intangible assets.

* Examine how state organizational laws, company agreements, and operations can impact discounts; consideration of germane factors relevant in adjusting discounts to account for varying levels of control and liquidity.

* Explore how to make your market approach more defendable by deconstructing transaction methodology through case studies.

* Learn how to avoid common errors and human biases in valuation related predictions, how to work with data, and how to apply Bayes’ Theorem.

Conference Co-Sponsor: IACVA

Marketing and CPE Sponsor: BV Resources

Conference Fee $495 per person includes registration: electronic conference materials (we are going paperless in an effort to be green and keep conference costs down), lunch and dinner on Friday, and continental breakfast and lunch on Saturday. Early Bird Discount of $50 for registrations received before August 15.

Make checks payable to the SE Chapter of Business Appraisers for $495 (or $445 for early registration) per person. Spouses’ lunch & dinner payable at the door.

Mail to:

Gerald ("Gary") Fodor, CBA, CFA

Financial Assets, Inc.

12600 Deerfield Parkway, Suite 100

Alpharetta, Georgia 30004-6130

g.fodor@financialassetsadvisory.com

Contacts:

Gary Fodor	Marcie D. Bour	BOB Brackett
+1 678. 566.3577	+1 954.966.7465	+1 630.653.7922

Cancellations: All cancellation requests must be made in writing and confirmed by SECBA. Refunds less a $50 administration fee will be issued on cancellations made prior to September 15. No refunds will be made for cancellations received after September 15. For more information regarding administrative policies, such as complaints and refunds please contact Gary Fodor at 678-566-3577.

The 18th International Surveyors’ Congress May 12 – 13, 2016 in KL, Malaysia

Lisa Guo — Sat, 11 Jun 2016 01:36:47 GMT

IACVA is the supporting team for the 18th International Surveyors’ Congress (ISC) to be held on May 12-13, 2016 at Istana Hotel, Kuala Lumpur, Malaysia organized by the Royal Institution of Surveyors Malaysia (RISM). The theme for this event is “The Resilient Professional – Thriving In A Changing Economy”. Mr. Jim Horvath, the Chair of IACVA, will attend and present a topic in the line with "Valuation and Monetization of IPR and other Intangible Assets."

RISM is the national professional body incorporating four surveying disciplines, namely, Building Surveying, Geomatic & Land Surveying, Property Management, Valuation & Estate Agency Surveying and Quantity Surveying. Its current membership stands at close to 9,000 surveyors from the corporate arena, the public sector and the academia. This ISC aims to look into the fast changing international domestic economic landscapes in the light of the volatility in the financial, commodity and currency markets; and the transitory advantages business participants can exploit to improve their organisational effectiveness.

Please click onto the following link for the Programme:-

18th ISC Brochure (front)

18th ISC Brochure (2nd Page)

REGISTER NOW!!

Kindly please forward your form, as attached to:

Royal Institution Of Surveyors Malaysia,

3rd Floor, Bangunan Juruukur,

64-66, Jalan 52/4, 46200 Petaling Jaya, Selangor

or Tel : 603 - 79551773 / 79569728 or Fax: 603-79550253

or email to secretariat@rism.org.my; hanie@rism.org.my for further details.

IACVA 2016 Malaysia International Business Valuation Conference

Lisa Guo — Fri, 27 May 2016 01:43:48 GMT

Mark your calendar: September 18-20, 2016 / Kuala Lumpur, Malaysia

Event Summary: http://iacvaconference2016kl.com/index.php

On 18 September 2016, the International Association of Consultants, Valuators, and Analysts (IACVA) is drawing experienced business valuation professionals from six continents - Africa, Asia, Australia/Ocenia, Europe, North America and South America to share insights on valuation theories and practices in today’s global economy.

Happening for the first time in Kuala Lumpur, Malaysia, this international business valuation conference brings you the opportunity to get updates on global standards of business valuation and latest developments in the field from eminently distinguished valuation practitioners as well as to build professional relationships with fellow valuators.

Register now and take advantage of IACVA member rate.

For registration, http://iacvaconference2016kl.com/register.php

For latest agenda, http://iacvaconference2016kl.com/agenda.php

For fee details, Fee for 2016 Malaysia International Business Valuation Conference

For hotel details, please visit http://theroyalechulan.com/wp-content/uploads/sites/242/2014/09/HotelFactSheet.pdf

If you have further questions, please feel free to contact the conference committee below.

IACVA Malaysia Conference Committee

Tel: + 603 22721797

Fax: + 603 22721795

E: bvam.malaysia@gmail.com or info1@iacva.org.

The 18th International Surveyors’ Congress Successfully Held in Malaysia

Lisa Guo — Fri, 20 May 2016 01:41:16 GMT

Mr. Jim Horvath, the Chair of IACVA, attended the 18th International Surveyors’ Congress (ISC) held on May 12-13, 2016 at Istana Hotel, Kuala Lumpur, Malaysia organized by the Royal Institution of Surveyors Malaysia (RISM). The theme for this event is “The Resilient Professional – Thriving In A Changing Economy”.

Mr. Jim presented a topic in the line with "Valuation and Monetization of IPR and other Intangible Assets." at the conference. Based on his own practical experiences, Jim discussed the current situation and the future trends of valuations around the world.

More than 450 participates joined this event. The free-exchange of ideas at this conference can be considered a complete success.

Mr. William Hanlin Attended the V-FI Aisa Summit

Lisa Guo — Wed, 27 Apr 2016 01:37:34 GMT

Mr. William Hanlin, the CEO & President of IACVA, attended the V-FI Asia Summit 2016 (Asia's Only Summit on Valuation and Risk for Financial Instruments) held on 19-20 April, 2016 in Hong Kong. Mr. Hanlin presented for the conference "XVA Adjustment and Accounting Standards - An Incompatible Marriage?"

Since the financial crisis of 2007 – 2008, banking regulators have brought pressure on those who sell financial instruments to be more transparent in models and the methods used to set pricing. For institutions that offer for sale such financial instruments, this requires traders to make daily adjustments to pricing. The whole concept of pricing adjustments is called “XVA Adjustments.” The X stands for C (credit) M (margin) F (funding) and other “X” Valuation Adjustments (i.e., CVA, MVA, FVA, etc.). In addition, regulators expect traders to provide the same level of transparency in arriving at fair value each day as might be represented in financial statements according to accounting standards (IFRS, GAAP). The challenge for banks and other traders is that much of the work on setting prices is still a trade secret, and such institutions are reluctant to share their trade secrets with other firms.

Accountants (internal) do not understand the models used by traders of financial instruments. And, therefore, there is a current disconnect with auditors about how pricing is actually accomplished to arrive at “fair value” for financial reporting

Based on his own practical experiences, Mr. Hanlin discussed the current development situation and the future trends of the accounting standards used for valuations under fair value around the world.

Mr. Hanlin also joined the panel discussion and exchanged thoughts and ideas with the other three speakers. This presentation attracted all attendees’ attention and deeply discussion.

The V-FI series is the dedicated Annual event on the valuation and risk management of financial instruments. Over 150 participants attended and learned the latest trends in valuation and risk control, APAC regulation, product pricing trends, sourcing market data, xVA, product control, asset trends and more at the Summit. The free-exchange of ideas at this conference can be considered a complete success.

The 3rd Innovation and Development Conference of Chinese Vocational Educational Symposium Successfully Held in China

Lisa Guo — Fri, 25 Mar 2016 01:30:35 GMT

The 3rd Innovation and Development Conference of Chinese Vocational Educational symposium sponsored by China Vocational Education Innovation Alliance (CVEA) and China Foundation for Youth Entrepreneurship and Employment(CFYEE) was successfully held on March 19 & 20, 2016 at the Shenzhen Institute of Information Technology, China.

The theme of the conference is “New Normal, New Opportunity and New Power”. More than 30 speakers delivered various speeches at the conference. Nearly 700 representatives from the government agencies, principals and directors of academic institutions, leaders and members of CEVA, professionals and researchers of vocational education institutions, and people from companies, firms and other institutions etc. attended the meeting.

The development of vocational education can’t be separated from the support of government and all parties. Five firms from home and aboard joined the cooperation agreement signing ceremony. Mr. William Hanlin, the CEO & President of IACVA, signed the cooperation framework agreement with Ms. Lin Qi, the secretary general of China Vocational Education Innovation Alliance (CVEA). The two parties agreed to establish “ICVS of China Vocational Education Certified Center” based on the principle of equality and mutual benefit. During the meeting, Mr. William Hanlin discussed and exchanged thoughts and ideas with leaders from some universities. Mr. Hanlin also expressed that IACVA is willing to provide good ideas and plans for the colleague courses arrangement and employment of students.

There were 3 assembly discussions in the morning of March 20. Guests and representatives had a deep communication and discussion on vocational education system construction, innovation personnel training modes, teachers’ construction, teaching mode innovation & reform, and key problems such as entrepreneurship education.

The organizing committee arranged view learning activities for the guests in the afternoon of March 20 by setting up three view expedition routes, they’re Shenzhen Technician Institute, Silicon Valley Dynamic·the Port of E-commerce and Shenzhen Taian Education Technology Co. Ltd. Ms. Guo Xue visited the Silicon Vally on behalf of IACVA. This study not only enriched the activities form of the conference, but also set up the new platform for exchanges and cooperation among guests.

The symposium was a complete success. It will be very good for setting up vocational education innovation research platforms, helping the modern vocational education development in China and making contributions to the development of Chinese vocational education.

V-FI Aisa Summit 19-20 April 2016 in Hong Kong

Lisa Guo — Mon, 15 Feb 2016 02:29:30 GMT

The V-FI Asia Summit 2016 (Asia's Only Summit on Valuation and Risk for Financial Instruments) will be held on 19-20 April, 2016 at the Excelsior Hotel in Hong Kong. The V-FI series is the dedicated Annual event on the valuation and risk management of financial instruments. With Summits in London, New York and now Hong Kong, the event is the only forum bringing together Heads of Risk, Valuation, Modelling and Finance with Regulators and Experts to shape best practices throughout the industry. Join over 40 leading speakers and 100+ peers to learn the latest trends in valuation and rish control, APAC regulation, product pricing trends, sourcing market data, xVA, product control, asset trends and more at the 1st V-FI Asia Summit.

Mr. William A. Hanlin, President & CEO of IACVA, will present for the conference "XVA Adjustment and Accounting Standards - An Incompatible Marriage?"

View the latest agenda.

We IACVA gets a 30% registration discount for our members. You may register at http://www.infoline.org.uk/FKM63352IACVA. Please e-mail info1@iacva.org to get the discount code.

If you have any questions during registration, you may email custserv@infoline.org.uk, or call +44 (0) 20 7017 7702.

2016 Continuing Professional Education (CPE) Live Training

Lisa Guo — Mon, 15 Feb 2016 02:28:27 GMT

IACVA's CPE Requirement

Each ICVS (International Certified Valuation Specialist) is required to earn 12 hours of professional education each year. Members must attest at the time of annual membership renewal that they have satisfied such requirements during the past 12 months. Evidence of compliance should be maintained by the associate member and is subject to a random review by the Charter.
IACVA does not define specific courses as a member's selection will depend on local conditions. In general, courses or conferences with a business valuation, litigation, appraisal, fraud, detection or deterrence, or forensic accounting focus comply. When in doubt, members may consult their Charter or IACVA Headquarters member service specialists to obtain an assessment. Associate Members must keep detailed records available for review when requested. Members attest annually to (continued) ethical conduct, meeting our continuing professional education requirements, and payment of annual dues.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Intermediate
Preparation Required: None
Delivery Method: Group Live
Recommended CPE: 2 Credit Hours

CPE Course & Schedule: CPE Event Calendar
We would encourage more qualified members to participate. For more information on these course, will update later.

Registration Fees: Member (USD $195) Non-member ( USD $225)

Everyone is welcome. Sign up 30 days in advance will save you $30! REGISTER NOW. Click HERE to view additional courses or email to info1@iacva.org.

2015 IACVA International Conference Successfully Held in Dubai, UAE

Lisa Guo — Fri, 25 Dec 2015 10:08:56 GMT

IACVA and the Middle East Charter (together with, BVR, and the China Appraisal Society [CAS]) held a busy conference at the Al Murooj Rotana hotel in beautiful Dubai on December 13 and 14, 2015. IACVA presented the Honorary Member status to Elvin Fernandez of Malaysia for his many years of contribution to the valuation profession.

In addition, the newest Charter Member of IACVA (from Malaysia) was announced and introduced at this conference. This new Charter was started entirely by Malaysian real estate appraisers who see that business valuation skills have become indispensable in the economic crossroads of Malaysia and the 4 ASEAN countries.

Bill Hanlin (president) and Jim Horvath (chairman) welcomed the delegates and shared how business valuation is now practiced world-wide using the same fundamentals and theory. The days of each practitioner using their own individual methods developed over their career is past, as the global markets in M&A and financial reporting demand transparency and adherence to common practices. From there, Dr. Assem Safieddine (president of IACVA Middle East) introduced practitioners from each represented country, each spent a few minutes discussing valuation issues and trends within their geographic regions.

Madam Liu Ping, vice chair of IACVA, addressed the group, presenting on the rapid evolution of China's capital markets, where they are going, and valuation practice and the continued push for transparency within the China market. The interest was high in the room, and the questions pushed the presentation right to lunch where discussion continued on the sunny patio.

A few words on the alliance with BVRources, and discussion of available products, data, webinars and the need to receive local transactional data welcomed everyone back to the conference after lunch. Attendees were quite excited about the new alliance with BVR!

A short address was made by Dr. Lim Yuan, chairman of the World Association of Valuation Organizations. Dr. Lim praised the growth of IACVA and welcomed all new members of IACVA to the international society of valuation professionals

Ziad Awad discussed the challenges of valuing family businesses in the Middle East. He punctuated the presentation with examples of pitfalls as well as achievements. An interesting presentation by Dr. Kim Young-gi of Korea presented the use of big data rather than detailed analysis and best practices to value businesses. The research is not quite finished, but the results seem to indicate that the big data approach provides a reasonable valuation result that is extremely similar to value developed using detailed analysis and best practices.

The first day was closed out with a discussion of business valuation standards, from the IVSC, IACVA, ASA, CICBV, through AICPA.

Jim Horvath and Jim Catty spent significant time discussing various issues involved with building a business valuation practice, from a single practitioner to a multi-analyst office. The class was able to ask questions and receive real experience answers from the pair.

Bill Hanlin then completed the morning with a give and take session relating his experiences on engagement management matters. Items such as how to say "no" to clients on a variety of matters, from “this is the answer I want” to “I need the answer tomorrow.” He provided real world experiences with his clients and from other business valuators he has worked with. This class was busy with questions and concerns.

After another excellent lunch buffet at the Al Murooj Rotana hotel, the group was directed to common errors seen by the IACVA trainers in valuation reports worldwide. Again, items such as transparency, full disclosure, and usage of reports for specifically disallowed (by the author/valuator) purposes. Mr. Bob Brackett commented that these are the same common errors he saw 20 years ago. The only new item is the recent focus on public perception, the need to ensure our projects make every effort to NOT diminish the public perception of valuators.

The conference concluded with a session focused on looking at the valuation engagement from the perspective of the stakeholders, rather than just the valuator. This brought up discussion of transparency, lack of understanding of our terms and distinctions (e.g. fair value, fair market value, market value, valuation date, report date) and the ongoing need for provide education to stakeholders on the need and usefulness of the valuation expert.

The site and date for the 2016 International IACVA Conference were announced. This important international event will be in Kuala Lumpur in mid-September 2016.

2015 IACVA World Council Meeting Successfully Held in Dubai, UAE

Lisa Guo — Fri, 25 Dec 2015 10:07:18 GMT

The IACVA Annual World Council Meeting was successfully held on December 12, 2015 in Dubai. Charter and Chapter representatives from 6 countries and regions joined the IACVA Board of Directors and Executive Officers in enthusiastic discussions about reshaping the global valuation landscape in 2015 and beyond! It's the first time that the new charter - IACVA Malaysia joined such meeting.

The Fifth International Conference on New Development of Valuation Successfully Held in Wuhan, China

Lisa Guo — Tue, 08 Dec 2015 10:03:31 GMT

The Fifth International Conference on New Development of Valuation was successfully held by the School of MBA at Zhongnan University of Economics and Law, Wuhan, Hubei Province, China with support from IACVA from December 5th to 6th in 2015. The theme of this conference is “Appraisal, Financial Development and Economic Transformation”.

On December 5, Mr. William A. Hanlin, President & CEO of IACVA, presented for the conference "Public Private Partnership (PPP) - An Opportunity for Valuation". Based on his own practical experiences, Mr. Hanlin discussed the current development situation and the future trends of the international financial and assets appraisal industry around the world.

Over 100 experts and scholars from CAS (China Appraisal Society), ASA (American Society of Appraisal), IACVA, RICS, Asset Appraisal Research Center of Xia Men University, the Financial School of Capital University of Economics and Business, stakeholders from governments, business, and non-governmental organizations, academics, policymakers, and appraisal institutes attended the conference.

2015 Dubai International Business Valuation Conference

Lisa Guo — Tue, 01 Dec 2015 10:02:42 GMT

Register at http://www.cvent.com/d/mrqvr8

On December 13, 2015, IACVA is drawing experienced business valuation professionals from America, China, Australia, South East Asia, Africa, India and Europe to Dubai to share insights on valuation theories and practices in today’s global economy.

Please join us for this International Conference at this exciting financial hub of the Middle East countries! Register early and take advantage of the member discount and early bird special.

We are also accepting paper submissions for this conference. Please only send original work that has not been previously published. You can earn free registrations to the IACVA-Middle East International Conference.

Regarding for registration, hotel and course agenda, please visithttp://www.cvent.com/d/mrqvr8

For further inquiries, please e-mail our conference organizing team dubai2015@iacva.org or Ms. Leila Atwi leila.atwi@gmail.com.

Continuing Professional Education (CPE) Live Training

Lisa Guo — Fri, 20 Nov 2015 10:00:15 GMT

IACVA's CPE Requirement

Each ICVS (International Certified Valuation Specialist) is required to earn 12 hours of professional education each year. Members must attest at the time of annual membership renewal that they have satisfied such requirements during the past 12 months. Evidence of compliance should be maintained by the associate member and is subject to a random review by the Charter. IACVA does not define specific courses as a member's selection will depend on local conditions. In general, courses or conferences with a business valuation, litigation, appraisal, fraud, detection or deterrence, or forensic accounting focus comply. When in doubt, members may consult their Charter or IACVA Headquarters member service specialists to obtain an assessment. Associate Members must keep detailed records available for review when requested. Members attest annually to (continued) ethical conduct, meeting our continuing professional education requirements, and payment of annual dues.

CPE Information

Prerequisites: Knowledge of Business ValuationProgram Level: IntermediatePreparation Required: NoneDelivery Method: Group LiveRecommended CPE: 2 Credit Hours

CPE Course & Schedule: CPE Event CalendarWe're pleased to announce that we have scheduled online training sessions in the next months. We would encourage more qualified members to participate.

Course Name	Instructor	Date	Course Duration
Common Errors in Business Valuation	Richard Claywell	UTC 2:00am-4:00am November 18, 2015	120 minutes

For more information on this course, we will update soon.

Course Name	Instructor	Date	Course Duration
Forcasting Cash Flows	Chirs M. Mellen	UTC 1:00pm -3:00pm Spetember 21, 2015	120 minutes

Valuation is a prophecy of the future. Buyers invest in companies based on future expectations. Therefore, fundamental to almost any valuation of a going-concern business is a set of financial forecasts. This course will demonstrate that a capitalization of cash flow method and a market multiple method are each as much a forecast as a discounted cash flow method. It will demonstrate the building blocks involved in forecasting and alert the appraiser to several forecasting errors that can be made.

Learning Objectives

• Review the fundamental essentials to forecasting cash flows

.• Assess Management's forecasts.

• Understand how to help Management help the appraiser develop forecasts when the Company has none.

• Walk through a "role play" discussion between Management and the appraiser to develop forecasts for a valuation assignment.

• Discuss the optimal time horizon to forecast in each scenario. • Explore the option of multiple forecast scenarios and a probability analysis.

• Introduce when a three-stage discounted cash flow is better for a valuation assignment.

• Determine the applicable terminal value.

• Identify common errors in forecasting.

• Check the reasonability of your forecast.

• Share relevant language in an engagement agreement regarding forecasts.

Course Name	Instructor	Date	Course Duration
Current Valuation Updates	Robert Brackett	UTC 2:00pm - 4:00pm October 29, 2015	120 minutes
Current Valuation Updates	Robert Brackett	UTC 1:00am - 3:00am December 3, 2015	120 minutes

For more information on this course, will update later.

Course Name	Instructor	Date	Course Duration
Engagement Management	William Hanlin	UTC 5:00pm-7:00pm November 5, 2015	120 minutes
How to Promote Your BV Practice	William Hanlin	UTC 5:00pm-6:00pm November 13, 2015	60 minutes

For more information on this course, will update later.

Registration Fees: Member (USD $195) Non-member ( USD $225)

Everyone is welcome. Sign up 30 days in advance will save you $30! REGISTER NOW. Click HERE to view additional courses or email to info1@iacva.org.

The Seventh International Appraiser Conference Successfully Held in Beijing

Lisa Guo — Fri, 13 Nov 2015 09:58:34 GMT

Mr. William Hanlin, the CEO & President of IACVA, attended the 7th International Appraiser Conference jointly held by World Association of Valuation Organizations (WAVO) and China Appraisal Society (CAS) on November 11 &12, 2015 in Beijing China. Mr. Hanlin delivered a speech named “Public Private Partnership (PPP)”. Based on his own practical experiences, Mr. Hanlin discussed the current development situation and the future trends of the international financial and assets appraisal industry around the world. Below is the highlights of his speech.

● Overview of PPP

● Why PPP?

● Supply of PPP

● Challenges of PPP

● A Valuators Opportunity

● Conclusion

There are more than 170 representatives attended the meeting. They are from the National People's Congress (NPC), the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, WAVO, HKIS, SISV, IACVA, ASA, CAS, valuation firms and universities etc.

The First ICVS Certification Training Class successfully Held at INSPEN, Malaysia

Lisa Guo — Mon, 31 Aug 2015 08:56:43 GMT

IACVA successfully conducted its first ICVS Certification Training Class in Malaysia from August 17 - 28, 2015. This training course was jointly held by National Institute of Valuation and Property Services Department Ministry of Finance Malaysia (INSPEN). Forty candidates from Malaysia and Singapore took part in the two week training.

Our distinguished senior instructor, Mr. Robert Brackett, taught the business valuation theories and methodologies, and answered many questions from keen candidates.

Mr. William Hanlin, the President and CEO of IACVA, met with candidates and shared his personal experience and real life cases while teaching the Introduction to Intangibles Valuation class. The class participants responded enthusiastically to his depth of knowledge and approachability.

Mr. Chris Mellen of Valuation Research Corporation shared many examples and case studies from an experienced practitioner’s perspective. He also expanded the business valuation core knowledge with an in-depth discussion on advanced topics such as Cost of Capital, Forecasting Cash Flow and Purchase Price Allocation.

All participants were encouraged to utilize the IACVA world-wide network to develop their practices through participating in local and global events.

Last but not least, we owe a big thank-you to the kind support of Mr. Faizan Bin Abdul Rahman, Mr. Elvin Fernandez, Ms. Sr Faziah Abd Rasid, Ms. Susan Yi, Ms. Lisa Guo and the support staff from INSPEN. We couldn’t have done it without you! THANK YOU!

All of us are looking forward to the next training in Malaysia!

Proposed Quality Control for Valuation & Appraisal Practice

Lisa Guo — Wed, 19 Aug 2015 08:55:34 GMT

Dear Sir/Madam,

We are sending you the Exposure Draft for Quality Control for Valuation and Appraisal Practice. The Quality Control Standards are endorsed and sponsored by WAVO. This is the first ever quality control standards to the profession to enhance and enrich the public trust. Please send your comments to qc@iacva.org by October 31, 2015. Please click QC for Valuation and Appraisal 2.1 to browse the Draft.

Thank you,

IACVS Member Team

ICVS Exam Case Grading Live Training

Lisa Guo — Wed, 08 Jul 2015 08:54:30 GMT

In an effort to standardize ICVS certification exams, we are taking the steps to restructure our testing and exam grading procedures. In 2014, all multiple choice questions were mandatory to be given online. These questions are randomly generated and graded by the computer. It has improved great efficiency and accuracy for all involved. More importantly, it has greatly improved confidence for the candidates.

Recently,we have conducted several case grading sessions to train qualified case study reviewers. Members from Middle East, Australia, Ecuador, Singapore, Korea and China attended this training.

We are pleased to announce that we will quarterly schedule an online training session with IACVA's Director of Education, Mr. Richard Claywell in the near future. We would encourage more qualified member to participate. Below are the requirements and registration details:

Qualifications of the graders:

1. Must be an active and credentialed member of IACVA
2. Fluent in English and the local language
3. Experience in business valuation for over 3 years
4. Experience in teaching for IACVA certification courses (preferred but not required)
5. Current officer/board member of HQ or local charter (preferred)
6. Willingness to mentor candidate (must follow IACVA guidelines)
7. Must complete Case Study Grading training conducted by IACVA
8. ALL graders must take an open book exam to demonstrate they possess the necessary knowledge as a qualified grader.

Time slots for upcoming training: Greenwich Mean Time(GMT) 1:00-3:00am, October 15, 2015

Training format: Online and group discussion via Skype. Please make sure you have Skype program installed in your computer.

Cost: USD $245 per participate. Qualified reviewers will enter into a non-disclosure agreement with IACVA and will be compensated USD $150 for each case graded according to IACVA guideline.

Registration credit card payment link: www.iacvabookstore.org/charters

Please RSVP by replying e-mailing: info1@iacva.org with participant's CV and business reference contact information.

For additional inquiries, please feel free to contact us at any time.

Register for Continuing Professional Education (CPE) Live Training

Lisa Guo — Fri, 10 Apr 2015 08:43:48 GMT

IACVA's CPE Requirement

Each ICVS (International Certified Valuation Specialist) is required to earn 12 hours of professional education each year. Members must attest at the time of annual membership renewal that they have satisfied such requirements during the past 12 months. Evidence of compliance should be maintained by the associate member and is subject to a random review by the Charter. IACVA does not define specific courses as a member's selection will depend on local conditions. In general, courses or conferences with a business valuation, litigation, appraisal, fraud, detection or deterrence, or forensic accounting focus comply. When in doubt, members may consult their Charter or IACVA Headquarters member service specialists to obtain an assessment. Associate Members must keep detailed records available for review when requested. Members attest annually to (continued) ethical conduct, meeting our continuing professional education requirements, and payment of annual dues.

CPE Information

Prerequisites: Knowledge of Business ValuationProgram Level: Intermediate Preparation Required: None Delivery Method: Group Live Recommended CPE: 2 Credit Hours

CPE Course & ScheduleWe're pleased to announce that we have scheduled 6 online training sessions in the next three months. We would encourage more qualified members to participate. Below are the requirements and registration details.REGISTER

Course Name: Estimating Expected Equity Volatility Instructor: Frank Mainville

Date: GMT 1:00 am May 28, 2015 / GMT 1:00 pm May 28, 2015

Course Duration: 120 minutes

Valuation models and techniques, such as the Black-Scholes Option Pricing Model and Monte Carlo Simulations; and discount for lack of marketability models, such as Longstaff, Finnerty, the Asian Put Option models, and Chaffe, require estimates of expected equity volatility that can be challenging to develop and support.

The "Estimating Expected Equity Volatility" webinar will include guidance from both IFRS 2 and Topic 14 of the Codification of Staff Accounting Bulletins published by the U.S. Securities and Exchange Commission to develop expected volatility using historic publicly-traded stock prices and implied volatility from publicly-traded option prices. It will also address adjusting volatility for a company's capital structure, and the relationship between expected equity returns and expected volatility.

Course Name: Forecasting Cash Flows Instructor: Chris Mellen & Heather Tullar

Date: GMT 1:00 pm June 23, 2015 / GMT 12:00 am June 25, 2015

Course Duration: 120 minutes

Learning Objectives• Review the fundamental essentials to forecasting cash flows.• Assess Management's forecasts. • Understand how to help Management help the appraiser develop forecasts when the Company has none. • Walk through a "role play" discussion between Management and the appraiser to develop forecasts for a valuation assignment. • Discuss the optimal time horizon to forecast in each scenario. • Explore the option of multiple forecast scenarios and a probability analysis. • Introduce when a three-stage discounted cash flow is better for a valuation assignment. • Determine the applicable terminal value. • Identify common errors in forecasting. • Check the reasonability of your forecast. • Share relevant language in an engagement agreement regarding forecasts.

Course Name: Brand Valuation Instructor:Rene Hlousek

Date: GMT 12:00 June 16, 2015 / GMT 12:00 June 17, 2015

Course Duration:120 minutes

The purpose of this course is to introduce the Residual Contribution Method for valuing corporate brands. This valuation-driven approach is designed to minimize the high level of irrelevance, subjectivity, as well as lack of practicality that are inherent in the existing population of "marketing-focused" models, by exploring the relation between a business enterprise, its underlying key intangible assets, goodwill, and ultimately, corporate brand value. The valuation of a corporate brand, which can be viewed in many cases as one of the most valuable assets held by a corporation, is a function of thoroughly identifying, isolating, and quantifying the economic value of that complex array of forces that make up a business enterprise. Whether held by a financially healthy or distressed company, the valuation drivers surrounding a corporate brand may be dominated and led by the intangible assets held by the entity employing it.

Registration Fees: Member (USD $195) Non-member ( USD $225)

Everyone is welcome. Sign up 30 days in advance will save you $30! REGISTER NOW. Click HERE to view additional courses or email to info1@iacva.org.

Register for IACVA International Business Valuation Forum

Lisa Guo — Thu, 05 Mar 2015 09:41:40 GMT

The inaugural 2015 International Valuation Forum in Atlanta, Georgia, USA on May 7^th and 8^th of 2015 is jointly sponsored by BVR (Business Valuation Resources), IACVA (International Association of Consultants, Valuators and Analysts), CEIC, Wiley and Duff & Phelps; all major participants in the international valuation arena.

Participants from around the world have begun to sign up, including Australia, Canada, China, Ghana, India, Korea, Lebanon, Russia and the United States! This will be your opportunity to meet practitioners and data/information/research suppliers from around the globe, as well as to increase your professional network and make new friends. Register!

Venue: Westin in Buckhead Hotel (http://www.cvent.com/d/5rqkvg/4D) ,Atlanta, Georgia, USA
Website: www.iacva.org
Features of the Forum
• Learn what new research and data is now available (BVR, CEIR, Duff & Phelps, and others)
• Learn how actual valuation experts are using new data, throughout their analyses
• Learn the current "Best Practices" in business and intangible valuation
• Learn new "fair value" changes
• Receive an introduction to current and anticipated changes to valuation standards such as the IVS
• See the latest approaches in mining, oil & gas, brands, valuations for tax, and Intellectual property
• See valuation developments in emerging economies
Fees
We provide discounts for professors and students. Early bird discounts are still available. More
Fees (http://www.cvent.com/d/5rqkvg/2A);
This forum focuses on valuation matters impacting the international and global valuation business. View Event
Summary (http://www.cvent.com/d/5rqkvg);
It is a distinct opportunity for you. We will organize a welcome cocktail and city tour (pending) .View Event
Agenda (http://www.cvent.com/d/5rqkvg/6X);
Register Here, please contact us if you have any troubles on registration.
For further information on the Forum, please contact:
2015 International Valuation Forum Service Center
Tel: +1 630 653-7922
E-mail: atlanta2015@iacva.org

2015 International Valuation Forum

Lisa Guo — Wed, 11 Feb 2015 09:38:18 GMT

Mark Your Calendar: May 7th& 8th, 2015, Atlanta, Georgia, USA

We would like to invite you to the 2015 International Valuation Forum in Atlanta, Georgia, USA on May 7th and 8th of 2015. It is jointly sponsored by Business Valuation Resources (BVR), IACVA (International Association of Consultants, Valuators and Analysts) and Duff & Phelps.
This forum will focus on valuation matters impacting the international and global valuation business. Topics have been selected with respect to both valuators and those conducting research on valuation issues worldwide. We welcome all interested parties (including governments, professors, and students) to submit papers and to attend this forum. This year's forum will be held in English.
You will hear from experts on diverse valuation challenges, including new challenges from clients, regulators and other stakeholders.
We are expecting participants from many countries! This will be an opportunity to meet practitioners from around the globe and to make new friends - an excellent time to expand or create your international network.
Please mark your calendar if you intend to join the forum, and follow IACVA website. Hotel rooms are available at the host hotel (Westin in Buckhead, Atlanta, Georgia, USA) for $179 (plus taxes) per night until our reserved block is sold out.
For more information at +1 (630) 653 7922 or contact atlanta2015@iacva.org ! Special pricing is available for full time students and their professors.

IACVA's New Cooperation Partner - MAPPI

Lisa Guo — Mon, 02 Feb 2015 09:37:24 GMT

MAPPI (Masyarakat Profesi Penilai Indonesia; Indonesian Society of Appraisers) and IACVA (International Association of Consultants, Valuators and Analysts) announce their recent agreement to work together to bring global best practices in the valuation of business interests (and intangible assets) to MAPPI's members and to work together to make Indonesia's requirements in the same area available in training materials for use by both MAPPI's members and other valuators around the globe.
IACVA is a provider of best practices in business interests and intangible assets valuation, as well as offering professional training materials designed to prepare students to work in these areas on a world stage. Each country using the materials is tasked with preparing country specific requirements in written form. Testing and awarding of IACVA's global credential in valuation (ICVS) is completed at the country level, ensuring professionals are conversant with local requirements, international requirements, and standards such as the IVS (International Valuation Standards, issued by the International Valuation Standards Council), and global best practices. Professionals in over 50 countries hold the ICVS designation from IACVA. MAPPI has over 4850 members, and is the valuation professional association recognized by the Indonesian Government.

International Conference on New Development of Valuation Held in Beijing, China

Lisa Guo — Mon, 08 Dec 2014 09:35:49 GMT

The Fourth International Conference on New Development of Valuation was successfully held in Beijing from December 5th to 7th in 2014. This forum was hosted Capital University of Economics and Business (CUEB) with support from IACVA. Over 20 delegates from IACVA joined other over 200 experts and scholars from China and various countries attended the conference.
On December 6, Mr. Chris Mellen, Director of Continue Education of IACVA, presented the speech titled "Valuation for M&A - Fair Market Value vs. Investment Value". In the afternoon, Mr. Bennet Kpentey, IACVA Africa Charter president, shared his experience that focuses on "Challenges and Answers in Mining Valuation". Dr. Sung-Soo Seol from IACVA Korea charter delivered "Market Valuation of Technology Firms in KOSPI".
On December 7, Mr. William A. Hanlin, President & CEO of IACVA, presented for the conference "Quality and Ethical Practice is Key to Valuation Profession". As the global leader and strong supporter for quality and professional practice in the business valuation field, IACVA is introducing its peer review standards for the valuation profession in the coming months.
Prior to this conference, IACVA delegates visited China Appraisal Society and shared their experience and knowledge with CAS members as well as IACVA members in China.

2014 IACVA World Council Meeting in Beijing, China

Lisa Guo — Fri, 05 Dec 2014 09:33:16 GMT

The IACVA Annual World Council Meeting was held in Beijing, China on December 4, 2014. Charter and Chapter representatives from 9 countries and regions joined the IACVA Board of Directors and Executive Officers in enthusiastic discussions about reshaping the global valuation landscape in 2014 and beyond!
At the meeting, Chairman of the Board Jim Catty announced his retirement and congratulations to our new Chairman of the Board, Jim Horvath. Since IACVA's rebranding in early 2014, International Certified Valuation Specialist (ICVS) has expanded with further international recognition. It is evidenced by further exdending our newly established working relationship with Business Valuation Resources (BVR) and signed MOU with Indonesia Institute of Valuers. IACVA also published its updated training materials, coupled with the launch of online examination system and a new look for the IACVA Bookstore. Recent visit by IACVA officer to three cities in India also generated a lot of interests among the Chartered Accountants and Ministry of Corporate Affairs.

During the meeting, our online self-study hosting company introduced the ICVS E-learning course that are ready for global launch. Mr. Chris Mellen, Director of Continuing Education, introduced CPE courses to that will be available to all members soon.
All charter leaders shared many recent success stories in their respective countries. People also brought up the challenges and problems encountered by members and charters in today's ever-changing global economy. All of them believe there still have much work do to promote business valuations to gain public trust for the profession.
Everybody looks forward to our 2015 meeting in Dubai!

Invitation to an International Conference on New Developments in Valuation, and Call for Papers

Lisa Guo — Thu, 04 Sep 2014 08:32:20 GMT

From 2011 to 2013, three international conferences on new developments in valuation were successfully held in Beijing, Wuhan and Xiamen. Many different individuals - including valuation experts from America, England and Japan as well as leaders of relevant government agencies, scholars, local valuation experts, business executives and graduate students in China - took part in the conferences and engaged in lively discussion.
The fourth International Conference on New Developments in Valuation will be held in Beijing on December 6th and 7th in 2014. Capital University of Economics and Business (CUEB) will sponsor of this year's conference in cooperation with the Business Value Research Center of Zhongnan University of Economics and Law (ZUEL), Economic School of Xiamen University and other institutions. Experts and scholars from around the country and from other parts of the world will present papers and theses on the latest development of valuation. Meanwhile, the committee will accept papers from both academic and practical fields, and will publish selected excellent papers.
We cordially and formally invite you to attend our conference as guests. Details of the conference are as follows:

I. Themes for the Conference:

1. New developments in M&A valuation
i. The valuation of transnational M&A of enterprises
ii. The valuation method of M&A for listed companies
iii. The valuation of intangible assets in M&A
iv. The investment value in M&A
v. The valuation of M&A of closely held companies
vi. Premium of control and discount of liquidity in M&A
vii. Purchase price allocation in M&A
viii. Other current issues in M&A valuation
2. New fields and new issues in valuation
i. The valuation of hi-tech companies
ii. The valuation of cultural and creative industry
iii. The valuation of cyclical companies
iv. The valuation of financial derivative
v. Valuation techniques for property tax assessment and for income tax purposes
vi. The promotion of valuation methods and skills in the age of big data
vii. The valuation of partnership, limited partnership and other special enterprises
viii. The new progress and economic efficiency of valuation principles
ix. Land, building and equity valuation in eminent domain proceedings
x. The valuation of carbon emissions
xi. Other current issues in valuation
II. Paper Submission

In association with the upcoming conference, we are inviting valuation professionals to submit essays in relation to the abovementioned topics. Essays intended for submission must be original and may not have been previously published elsewhere.
If you would like to submit an essay, please send an electronic copy (in word format) to our conference mailbox atIVforum2014@163.com before September 30, 2014. Please provide the following information:
• Topic of the essay
• Information of the author including author¡¯s name, name of the organization, position in the organization, organization address, email address, and contact number
• Essays should include the following: Title, Summary, Keywords (at most 5), contents and bibliography;
Please submit essays, in word format, through an email with an email heading including your company name and the words "Valuation Conference".

III. Accommodation

Accommodation is not covered.

IV. Contacts

Contact unit: Faculty of Public Finance and Taxation of Capital University of Economics and Business
Contact address: No. 121 Zhangjia Road Junction, Fengtai District, Beijing,
Postal code: 100070
Contacts: Ma Yanping (Mobile: 13601218171) ; Liang Meijian (Mobile: 18612853857)
Tel: 86-10-83952687            Email: IVforum2014@163.com

V. Conference Registration

Please complete the conference registration below and then return it by email to our conference organizing committee. We will confirm the receipt by phone or email.
Conference Registration
Name of Organization
Company Address and zip code
Name of attendee        Title
Telephone number        Mobile number
Email address
Please complete and send the conference registration before September 30, 2014 to IVforum2014@163.com.

IACVA Representative Participates in WAVO Annual Meeting

Lisa Guo — Fri, 30 May 2014 08:30:50 GMT

On May 9, 2014, IACVA joined the representatives from China, Canada, India, and Singapore in Hong Kong and participated in the World Association of Valuation Organization's Board of Director's Meeting and Annual General Meeting. WAVO is sponsoring the International Valuation and Appraisal Week from November 1st to 7th of 2014 to enhance the awareness for the valuation profession. All members are encouraged to participate.

IACVA Vice President-Asian AffairsSusan Yi Yahong’ speech at Shaanxi Appraisal Society Forum

Lisa Guo — Sun, 04 May 2014 08:24:52 GMT

IACVA Asian Affairs Vice-President Susan Yi spoke at a forum held by the Shaanxi Appraisal Society on April 25, 2014. The theme of the forum was "Growth, Creation and Dream".

Ms. Yi congratulated on the Shaanxi Appraisal Society's 20th anniversary celebration and wished the forum a complete success. Continued, she then discussed current developments and future trends in the international financial and assets appraisal industry around the world. Below are the highlights from Ms. Yi’s speech:

1. Theoretical system of international business valuation.
2. Comparison of best practice and application of international business valuation.
3. Introducing business types of international business valuation.

After the speech, Ms. Yi listened to lectures given by other professionals from other institutions, shared her own experiences and discussed various appraisal matters with form participants. Afterwards, she spoke highly of the forum held by Shaanxi Appraisal Society. As a practitioner many years, she was very glad to share her extensive experience with professionals from other institutions. And she expressed that everyone together will promote the development of evaluation industry in China.

IACVA President & CEO William A. Hanlin Delivers a Lecture at Capital University of Economics and Business

Lisa Guo — Sun, 04 May 2014 08:22:47 GMT

William A. Hanlin, President& CEO of the International Association of Consultants, Valuators and Analysts (IACVA), gave a lecture on "Global Affairs on Best Practice of Assets Valuation" at Capital University of Economics and Business in Beijing. Graduate students and faculty advisers from Capital University of Economics and Business attended the speech.

Before the speech, Mr. Hanlin spoke with Ms. Wang Jingda, vice President of the school Public Finance and Taxation. Ms. Wang warmly welcomedMr. Hanlin to their school and expressed interested in establishing a long-term cooperation with IACVA on professional affairs. Mr. Hanlin offered his wish to support the teaching work of valuation, participate in classroom construction, recommend instructors to teach international class and select academic activities for instruction of students.

Based on his own practical experience, Mr. Hanlin discussed the current development situation and the future trends of the international financial and assets appraisal industry around the world. Meanwhile, he also shared some vivid and concrete cases with the students.

After the speech, Mr. Hanlin responded to students’ questions during a question-and-answer section. He praised the students for their curiosity, and expressed in attending similar lectures held by the university in the future. As a practitioner for decades, he is very glad to share his long-term and extensive working professional experience with students and to answer their questions.
Meanwhile, Capital University of Economics and Business appointed Mr. Hanlin as the Visiting Professor of School of Public Finance and Taxation for the period from April, 2014 to March, 2019.

Frequently Asked Questions - ICVS

Lisa Guo — Wed, 05 Feb 2014 09:19:56 GMT

Effective December 28, 2013, IACVA is rebranding our valuation credential as the ICVS-International Certified Valuation Specialist. The following are intended to answer some of the most frequently asked questions about this important development.

Frequently Asked Questions (FAQ)-ICVS

1. Q. When will I receive my certificate for the ICVS?
A. Current holders of the CVA that have been issued by IACVA will receive the new ICVS certificate anytime between January 25, 2014 and February 15, 2014. There will be no requirement for a new application.

2. Q. Why has the IACVA professional designation changed to ICVS?
A. There are three primary reasons for this change:

a.    The global business community demands that the business valuation profession be able to apply uniform best-practices that build confidence and trust. After input and requests from Charter and Associate members, the Board of Directors concluded that it is timely to establish a valuation credential that is distinctly titled as an "international" certification. The ICVS clearly conveys that it is an international designation.
b.    The global financial markets have substantially matured over the last 10 years. More and more valuation specialists are required to value businesses using "fair value" standards that have been issued by the accounting bodies. Fair Value has become more integrated with valuation engagements for M&A as well as the settlement of controversies (partner disputes, economic damages, divorce, etc.). ICVS is an international credential that identifies the valuation professional as having both training and testing in the important areas covered by "fair value." This is especially true for the theory and techniques involving the valuation of intangible assets and intellectual property (IA/IP), which has always been an integral part of IACVA training and testing.
c.    The CVA credential originated in the U.S.A. However, the Board has felt for a considerable time that the US core training requirements do not sufficiently address the growing need for basic valuation skills in the area of IA/IP. The CVA will be issued by NACVA.
d.    IACVA will continue to distinguish its international certification with the new ICVS brand.

3. Q.   I have had my CVA for many years. What date will be on the ICVS certificate?
A. Each new ICVS certificate will have the same date as shown on the original CVA certificate.

4. Q. I have shown "CVA" on my resume/CV for many years. Is this a problem?
A. We suggest that your resume/CV continue to show that you had earned the CVA in the past and that the ICVS is the rebranded credential. An example:
ICVS* earned in 2008.
*I earned the CVA in 2008 from IACVA, which rebranded the valuation credential in 2014 to be the ICVS. I continue to hold the ICVS.

5. Q. My stationery and business cards were just reprinted with "CVA."
A. You should reprint these items as soon as is practical in order to avoid confusion with both your clients and the public.

6. Q. My CVA has lapsed, but I wish to have the ICVS. What steps are necessary?
A. Depending on the length of the lapse, you may be able to activate the ICVS with minimal or no additional training or testing. However, such lapses are dealt with on an individual basis; you will need to make contact with your Charter organization to obtain or certify the requisite continuing education, and to pay your current dues. The opportunity to reactivate your credential without an additional examination will expire in 2014.

7. Q. How will the ICVS be received in the international community?
A. The international community has, over the last decade, come to regard IACVA as a leading valuation organization. The IACVA members are located in more than 50 countries, with both their common and divergent needs for professional valuation services. IACVA is a member of the International Valuation Standards Council and is also an advisor on valuation standards for the International Accounting Standards Board which promulgates IFRS. Many of our board members and officers serve as advisors and adjunct professors for reputable professional and government agencies, associations and universities. We have been and will continue to work with the international valuation community to shape the valuation landscape.

In addition, there has been discussion in the international community of the growing need for a truly international valuation credential. The IACVA Board intends that ICVS will fulfill that need and be the leading global valuation credential. We believe that the timing for rebranding will never be better!

Because of the position that IACVA enjoys in the international community of professional valuations, recognition of the ICVS is expected to come quickly during 2014. IACVA will have a vigorous campaign in 2014 to highlight the ICVS credential.

8. Q. Will fees and costs go up as a result of the rebranding?
A. No.

9. Q. Can I still call myself a CVA after the rebranding?
A. No. Please refer to question 3, 4 and 5 above for necessary changes.

10. Q. I am a candidate for the CVA credential from IACVA. What will be granted after I pass the exam requirements?
A. As of December 28, 2013, IACVA will only grant the ICVS to existing candidates as of that date.

11. Q. Will IACVA continue its membership in IVSC and WAVO?
A. Absolutely! Membership in both organizations is an integral part of being an international valuation credentialing organization.

NACVA Withdraws from International Professional Network

Lisa Guo — Tue, 28 Jan 2014 09:18:32 GMT

TORONTO-(BUSINESS WIRE)-IACVA announces that, effective immediately, NACVA has withdrawn from participation in the international network of professional valuators. IACVA and NACVA have had a collaborative arrangement since 2000. As the membership of IACVA has grown outside of the US, NACVA has not participated in the evolving requirements of valuators that operate in other international communities. Management of both organizations had attempted to negotiate agreement of future cooperation since late 2011. Those discussions were abruptly discontinued on August 2013 when NACVA announced its intension to separate itself from the IACVA network.

NACVA (National Association of Certified Valuators & Consultants) is the largest valuation society in the United States. Management's actions at NACVA indicate that its membership no longer believes it is important to be involved with international valuation standards and international network for collaboration that is available with other experts.

IACVA is a not-for-profit organization headquartered in Toronto and administers a society of valuation professionals (approximately 6,000 individual members). IACVA is a member of the International Valuation Standards Council and is recognized in more than 50 countries. IACVA enjoys collaborative relationships with international accounting standards organizations, government regulators, accountants and academicians in many of those countries.

NACVA is a for-profit organization based in Salt Lake City, established in 1991 with approximately 7,500members. NACVA will continue to emphasize the needs of the valuation professional operating in the US. Many NACVA members emphasize valuation for litigation engagements.

IACVA will rebrand its valuation credential to be "ICVS"-International Certified Valuation Specialist in order to recognize the additional training and testing that members have completed.

http://www.businesswire.com/news/home/20131229005002/en/NACVA-Withdraws-International-Professional-Network

http://www.fortmilltimes.com/2013/12/30/3189695/nacva-withdraws-from-international.html

http://www.accountingtoday.com/news/nacva-iacva-part-ways-69147-1.html

2013 Chicago International Business Valuation Symposium and IACVA world Council Meeting

Lisa Guo — Mon, 28 Oct 2013 08:15:35 GMT

The annual World Council Meeting was held in Chicago, Illinois of USA. Charter and Chapter Representatives from 12 countries and regions joined the IACVA Board of Directors and Executive Officers in enthusiastic discussions about reshaping the global valuation landscape in 2014 and beyond!
Everyone shared many recent success stories in their respective countries. People also brought up the challenges and problems encountered by members and charters in today’s ever-changing global economy.“We left the meeting exhausted and excited!” as Ana Christina from Brazil described.
On October 11, 2013, The International Symposium was held and attended by 25 professionals around the globe. People networked with each other after 5 sessions of presentations on: country-specific practice tips, global research sources, business valuation involving real estate property appraisals, valuation report writing techniques, and value fraud and risk in business valuation engagements. Attendees also got a glimpse on how to raise profile by writing for professional journals with encouragement from Senior Editor David Freedman of Value Examiner.

IACVA and AMAA alliance announcement Oct 17 2013

Lisa Guo — Sun, 20 Oct 2013 08:13:24 GMT

IACVA and the AM&AA (Alliance of Merger & Acquisition Advisors) are pleased to announce the signing of an MOU on October 12, 2013 in Chicago, Illinois of the United States. The agreement establishes a strategic and global alliance between the two associations. Both organizations share a similar vision and provide the best education in their field. AM&AA Founder, Mr. Michael Nall, expressed his excitement that “members of each association serve the same clients in different stages of the transaction with complementing knowledge base and skills.” IACVA’s CEO and President, Bill Hanlin, echoed Mr. Nall’s comments by stating that “with this alliance, each association can enhance the other’s reach and ability to offer best practices to members and the business community as a whole.” Both associations look forward to a fruitful and lasting cooperation in serving members and in providing world-class training to all.

IACVA is a non-profit organization based in Toronto, Ontario, Canada (www.iacva.org). It is an international organization with 13 Charter Members and thousands of Associate Members spread over 50 countries. It provides training in the business valuation and fraud deterrence fields.
The AM&AA (www.amaaonline.org) is the leading association and credentialing body for 875 middle market M&A professionals in 25 countries, providing connections, best practices and education. AM&AA leadership and members have unrivalled multidisciplinary expertise in the financial services industry. Formed in 1998 to bring together Investors, Advisors and other Middle Market Transaction Professionals, AM&AA’s services firms - including some of the most highly recognized leaders in the industry - draw upon their combined transactional expertise to better serve the needs of their middle market clients worldwide.

Notification of the Third International Forum on New Development of Valuation (IFNDV2013)

Lisa Guo — Thu, 22 Aug 2013 08:12:03 GMT

IACVA will sponsor the Third International Forum on New Development of Valuation (IFNDV2013) hosted by with Xiamen University on November 8-10, 2013 in Xiamen, Fujian Province, China. In order to encourage networking among the valuation professionals, and to promote the global cooperation across disciplines, we would like to call for papers. Please see the details of this forum and the requirements of the essay content in the attachment. Please send e-mail to info1@iacva.org if you want to register this forum or submit your essay to us. The time of attending this forum can be treated as the CPE hours for CVA credential.

Early register discount for 2013 Chicago International Business Valuation Symposium!

Lisa Guo — Wed, 31 Jul 2013 08:08:43 GMT

http://www.cvent.com/events/chicago-international-business-valuation-symposium/event-summary-4de1a2ccf6904ed3bbc68cbb48c39a16.aspx

Click this website link to find more information and discount for the 2013 Chicago International Business Valuation Symposium! You may also send any question about this symposium to memberservices@iacva.org for more help.

Good news! The first book in Brazil about Valuation based on Fair Value is ready to go!

Lisa Guo — Wed, 10 Jul 2013 08:05:25 GMT

The first Brazilian CVAs, Ana Cristina Franca de Souza and Luiz Paulo Silveira, from Apsis Consultoria, had the idea to launch a translated version of “The Wiley Guide to Fair Value UnderIFRS”, by James Catty in 2011. The Bookman Group Editores bought the idea and now it is finally released to the Brazilian market.

They prepared the Brazilian edition revising the Portuguese translation and wrote an Introduction that relates the National Rules, called CPC 46, to the IFRS 13 and its main concepts, also mentioning the valuation processes described in the book.

This is actually the first book in Brazil about Valuation based on Fair Value. Looks like we started off on the right foot!

Good News! Wiley bookstore is offering a discount for IACVA members!

Lisa Guo — Tue, 18 Jun 2013 08:04:27 GMT

In the cooperation with Wiley, IACVA members are offered a 30% limited time discount through July 8, 2013 on selected titles in the Wiley bookstore. Please see the complete book titles in the attachment. When you are ready to purchase, visit www.wiley.com and look up the title of your choice. At checkout, please enter the discount code you received in your e-mail to activate the 30% discount. Feel free to contact us if you come across any problem during the browsing and purchasing or failed to receive the e-mail including discount code.

NEBB Becomes Strategic Alliance Partner with IACVA

Lisa Guo — Wed, 12 Jun 2013 08:21:37 GMT

IACVA and NEBB Institute, Inc. joined forces to offer each other's members additional resources in their respective fields. Many of the business valuators run into situations where machinery and equipment needs to be valued. Now, being an IACVA member will help you gain access and add to your skill set through training and certification of equipment appraisal with NEBB where additional revenue may be generated.

NEBB Institute with headquartered in Irving, Texas, is an industry leader in training, certifying, servicing, and supporting Certified Machinery & Equipment Appraisers (CMEA) worldwide. Beginning in the first quarter of 2014, NEBB will extend to each IACVA Charter the ability to earn the professional designation of CMEA through a comprehensive two day intensive training program via the internet and interactive voice connection. Professionals who attend the CMEA training program will learn the two most commonly used approaches to value, age/life methodology, levels of trade, depreciation, data collection, marketing, how to sell an appraisal, forms, and much, much more. CMEAs also have access to an Appraisal's Resource Database where over 8 million comparable items of value are identified as well as an exclusive and proprietary MEA Report Writer software to write a compliant Certified Appraisal Report.

To obtain additional information about earning the CMEA professional credential and what it can mean for you and your business, email Debra Baker at marketing@nebboffice.com or visit www.nebbinstitute.org. Two preliminary training dates have been scheduled with additional dates forthcoming! Email Debra to be notified of additional class dates.

The initial training date: March 20 & 21, 2014

2013 Washington DC NACVA/CTI Conference

Lisa Guo — Wed, 12 Jun 2013 08:02:45 GMT

NACVA and CTI’s 2013 Annual Consultants Conference were successfully held in Washington DC from June 5 to 8. About 700 Attendees from the U.S., Canada, China, Korea, Germany and Ghana joined this conference.

New to the Annual Consultants’ Conference is the Valuation and Financial Forensic Accelerator Tracks. Despite having obtained a credential, many valuators and financial forensic analysts are still trying to figure out how to successfully and profitably complete consulting engagements. These tracks were created to advance the proficiencies required to achieve a valuation or financial forensics credential, but to also provide even more practical skills, covering everything between engagement acceptances to report delivery. These are serious tracks created for ambitious up-and-comers and even seasoned practitioners who want to bolster their skills to create a thriving practice. Also new to this year’s conference are information-packed sessions and expanded learning clinics on Saturday’s agenda.
NACVA and the CTI’s 2013 Annual Consultants’ Conference will open doors to new ways of looking at your business, take you back to basics, remind you of that great habit or process you forgot along the way, and sharpen your skills by bringing the industry’s best and brightest to deliver techniques and strategies you can take home and implement tomorrow. 4 days. 57 sessions.53 presenters.Up to 38 hours of continuing professional education credit. All of which adds up to more success for you and your business.

If you want to find out more about the sessions and presentations at this conference, contact us at: info1@iacva.org today.

International Conference jointly sponsored by WAVO and China Appraisal Society

Lisa Guo — Tue, 07 May 2013 08:00:48 GMT

On May 10, 2013, IACVA President William Hanlin attended the International Conference jointly sponsored by WAVO and China Appraisal Society in Yichang, China. The conference focused on” Valuation, Innovation and Development”.

At this conference, President Hanlin was invited to deliver the speech titled “Discount and Premium Issues in Business Valuation”. Inspired by his speech, he engaged heated discussion with many conference attendees afterwards. Subsequently, other speakers shared their challenges and triumphs in dealing with these issues in their daily work. Over 150 professionals from around the world participated in this one day conference. At the conference closing ceremony, Hanlin called upon young professionals to continue innovating in our field and the world community of valuation professionals to join hands in developing new theory, techniques and practices.

After the conference, WAVO members attended the Annual General Meeting in beautiful port city of Yichang, where the Three Gorges Dams are located.

Welcome India Charter join the IACVA Big Family!

Lisa Guo — Wed, 03 Apr 2013 07:56:51 GMT

About India Charter

India chapter of IACVA was established in September 2012. The chapter is located in Chennai, in the State of Tamil Nadu, in South India.

At present it is lead and coordinated by Ms.Rajeswari and Ms.Geetha.

The chapter conducted its first TTT (Train the Trainer) program on 11th and 12th March 2013 at Chennai. Mr. Bill Hanlin conducted the program. 12 trainees, all with relevant knowledge and experience in this subject attended the TTT.

The two days of training went off exceedingly well with Bill holding the class to rapt attention with his excellent delivery and drawing upon his vast knowledge and experience in the field of valuation to provide us very valuable inputs on teaching of the subject. This in turn enabled good interactions and high quality deliberations among the participants. On the whole a thoroughly enjoyable program that has given the right impetus and motivation to the charter.

The chapter also organized a program for the members of the Southern India Regional Council of the Institute of Chartered accountants of India (SIRC). Mr. Bill Hanlin was the chief guest and his address was very well received by the audience that mostly included practicing accountants. The Regional director of the ministry of corporate affairs, who briefly addressed the gathering, was very clear in saying that the regulator strongly feels the need for professionals to be well equipped in the field of valuation particularly in the current scenario of changing legislations.The meeting was attended by more than 400 members of the institute.

Training program shall be announced in due course.

Announcement of 2013 NACVA Conference in Washington DC USA

Lisa Guo — Mon, 01 Apr 2013 07:54:44 GMT

The Business Valuation and FinancialForensic SuperConference of 2013Announced by NACVA, IACVA, and the CTI

SALT LAKE CITY—MARCH 22, 2013—The National Association of Certified Valuators and Analysts (NACVA), the International Association of Consultants, Valuators and Analysts (IACVA), and the Consultants’ Training Institute (CTI) will collaborate to host the 2013 Annual Consultants’ Conference, June 5–8, 2013 in Washington, DC. Themed “Innovate. Collaborate. Succeed,” the four-day conference will serve as a forum where ideas, marketplaces, and people from around the globe intersect to expand their networks, explore concepts, and share ideas on how to meet the demands of the dynamic and unpredictable world economy.

The conference will be hosted at the Washington Hilton Hotel in northwest Washington, DC and will feature 57 sessions covering a broad spectrum of the highest-demand specialty areas within the accounting and financial consulting profession, those being business valuation, mergers and acquisitions, succession/exit planning, financial forensics, expert witnessing, forensic accounting, healthcare valuation, risk management, and venture capital valuation. Industry standards and professional ethics will also be discussed. Attendees will have the opportunity to earn up to 38 hours of continuing professional education (CPE) credit in compliance with the National Association of State Boards of Accountancy (NASBA).

“We have assembled an outstanding faculty of over 50 presenters that represent the industry’s masters and emerging leaders to present sessions on the latest theories, practical application, tools, and techniques that ambitious up-and-comers and seasoned business valuation and financial forensic analysts can implement to support their consulting engagements. The knowledge they will gain from these sessions are designed to help bolster their skills and to assist them in building and maintaining a thriving practice,” states Brien K. Jones, Executive Vice President for Business Development and Continuing Education for NACVA and the CTI. “Each year this conference, which is the first major conference of the year in the accounting and financial consulting profession, attracts 700 to 800 U.S. and international business valuation and financial forensic analysts. Not only does the conference deliver technical content, but numerous social events are planned that allow the attendees to expand their networks.”

The conference keynotes, The Firm of the Future: A Radical Business Model for Professional Firms, presented by Ron Baker of the VeraSage Institute, and Advanced Pricing: Tools to Increase Revenue and Pricing Competencies, presented by Michelle Golden, CPF of Golden Practices, will address how today’s accounting and financial consulting firms should consider evolving into a new era of doing business.

Other notable sessions that will be featured as part of the conference include:

Business Valuation Venture Capital Forum
Presenter: Lorenzo Carver, MBA, MS, CPA, CVA ofbpCentral, Inc.

Business Valuation Reports and the IRS
Presenter: Mike Gregory, AVA, ASA, Qualified Mediator MN Supreme Court of Michael Gregory Consulting

Combining Formal Valuation Practice, M&A Advisory Services, and the M&A Buy-Side Point of View
Presenter: Mitchell Martin of The McLean Group and Andrew Sherman, Esq., CMAP of Jones Day

Common Misconceptions Regarding SBBI Cost of Capital Information
Presenter: Kevin Piccolo, ASA of Morningstar, Inc.

Current Update in Forensic Accounting—Behavior Detection and Facial Mapping
Presenter: Darrell D. Dorrell, CPA, MBA, CVA, CMA, ABV, CFF of financialforensics®

Emerging Financial Forensic Specialty: Bankruptcy, Insolvency, and Reorganization
Presenter: Michael Pakter, CGMA, CVA, CFFA, CFF, CDBV, CIRA, CFE, CPA, CA of Gould &Pakter Associates, LLC

Estimating the Cost of Capital—An Update on Current Research
Presenters: Dr. Ashok Abbott, tenured Associate Professor of Finance at West Virginia University and
James Harrington, MBA of Duff & Phelps

Evolving and Contradictory IRS Views on the Use of Restricted Stock Data
Presenter: Lance Hall, ASA of FMV Opinions, Inc.

Executive Compensation and Related Issues in Divorce
Presenter: Hubert Klein, CPA, ABV, CFF, CVA, CFE of EisnerAmper, LLP

How to Provide a Supportable Discount for Lack of Marketability
Presenter: James R. Hitchner, CPA, ABV, CFF, ASA of Financial Valuation Advisors

Lost Profits and Damages Calculations
Presenters: Nancy Fannon, CPA, ASA, ABV, MCBA of Meyers Harrison, Pia, LLC and
Rebekah Smith, CPA, CVA, CFFA, CFF of GBQ Consulting, LLC
Normalizing and Control Adjustments for Business Valuation
Presenter: Marc Bello, CPA, ABV, MST, CVA, CFFA of Edelstein & Company LLP

Professional Ethics for Business Valuators
Presenter: Alex Kindler, CPA, ABV, CFF, PFS, CVA of Horovitz, Rudoy&Roteman

Proof of Lost Profits and Lost Business Value in Electronic Commerce Litigation
Presenter: Robert Dunn, JD of Dunn on Damages

Rebuttal Reports and The Defense Expert’s Role
Presenter: Michael Kaplan, CPA, ABV, CVA, CFFA of Kaplan, Abraham, Burkert& Co.

The Effect of Taxes on Value in Private Capital Markets (a.k.a. “S-Corps")
Presenter: Nancy Fannon, CPA, ASA, ABV, MCBA of Meyers Harrison, Pia, LLC

The Reality of Hope and Change: The Outlook for the Healthcare Industry in 2013 and Beyond
Presenter: Tim Smith, CPA, ABV with Touchstone Valuation, LLC

The Role of the Financial Forensic Expert
Presenter: Jeffrey D. Diamond, JD of Law Offices of Jeffrey D. Diamond

The Top Five Commercial Litigation Engagements You’re Missing Out On
Presenter: Neil Beaton, CPA, ASA, ABV of Alvarez and Marsal

Unifying Industry Standards—Bringing Everyone to the Table
Presenters: Mark Hanson, CPA, ABV, CVA of Schenck SC and
Mark Kucik, CPA, CVA, CM&AA, CFF, CPVA of The Kucik Valuation Group

Using Your International Business Valuation Network
Presenter: William Hanlin, CPA, CFE, CVA, CFD of Hanlin Moss, PS, and President of the International Association of Consultants, Valuators and Analysts (IACVA)

Valuing Privately Held Businesses for Succession and Exit Planning
Presenter: Willis Eayrs, CVA, CM&AA, CMAP, CEPA of Corporate Financial Advisor

You, Your Practice, and Assets Are at Risk. Don’t Roll the Dice with Practice Risk Management
Presenters: James Frazier of Primus Assurance Group and
LariMasten, MSA, CPA, ABV, CFF, CVA, ABAR of the Masten Valuation Group

Full conference details, early registration discounts, and the schedule can be found in the conference brochure.

Conference sponsors include the Appraisal Database and Mentoring Services, KeyValueData, the Middle Market Investment Banking Association, and Value Source. Exhibit opportunities are available.

The Middle Market Investment Banking Association (MMIBA) will offer its Advanced Mergers and Acquisitions Workshop June 4–6, at the Washington Hilton Hotel. This workshop is designed to provide participants with an in-depth view of important aspects in middle market mergers and acquisitions providing a hands-on approach to the analysis and implementation of the foremost strategies used by middle market investment bankers in the areas of capital formation, leveraged buyouts, deal structuring, post-merger integration, and corporate restructurings.

For information, including the schedule of events, early registration discounts, exhibit and sponsor opportunities, and travel services please visit the NACVA website at www.NACVA.com/conference.asp or call Member Services at +1-800-677-2009.

2012 World Council Meeting in Xi'an China

Lisa Guo — Tue, 25 Sep 2012 07:50:37 GMT

IACVA 2012 World Council Meeting was successfully held in Xi'an, China.

2012 IACVA-CAS Business Valuation Conference September, Xi'an, China

Lisa Guo — Tue, 25 Sep 2012 07:48:36 GMT

2012 IACVA-CAS Business Valuation Conference was held on September 20 and 21, 2012 in the historical city of Xi'an, China.

The 2012 Business Valuation Conference has attracted over 200 professionals from USA, Canada, Germany, Ghana, Russia, India, Korea, Hong Kong, Taiwan and mainland China to come and join the discussion. The keynote speeches include Valuation Issues for Economic Damages, The Transfer and Valuation of Equities in Merger & Acquisition Cases, The Valuation of Early Stage Technologies for Technology Transfer Negotiations, Where to find information for your valuation engagement, How to build a successful valuation practice, and a panel discussion about IFRS Valuation update. All of them are topics that have gained international attention.

The speeches and discussion have got lots of feedbacks from the attendees. They spoke out their own inspirations and questions about the speeches. This conference was also a huge opportunity for professionals from different countries to network with their counterparts, and share experience with each other.

Call for Paper from 2012 Xi'an conference

Lisa Guo — Fri, 03 Aug 2012 07:47:42 GMT

http://www.cas.org.cn/xwdt/xydt/40059.htm
Please click the link for the notification of "Call for Paper" from 2012 Xi'an conference. Welcome to contact us.

2012 NACVA Dallas Annual Meeting

Lisa Guo — Tue, 17 Jul 2012 07:46:04 GMT

IACVA exhibited at the Annual Consultant's Conference sponsored by NACVA in Dallas, TX (USA) held on June 22, 2012. Charter leaders from Europe, Africa, Canada, China and Korea showcased their charter activities and growth to their U.S. colleagues. IACVA booth attracted manyattentions from both the conference attendee and other exhibitors as the first international organization that certified and grant CVA credential outside of the U.S.More and more professionals and their clients are expanding globally to remain competitive in the industry.

Xi'an Conference is ready to register!

Lisa Guo — Fri, 13 Jul 2012 07:45:06 GMT

Please click this link for the registration information of 2012 Xi'an Conference! http://www.cvent.com/d/7cqq0l

Visit to Zheng Heng Valuation Company

Lisa Guo — Thu, 10 May 2012 07:43:52 GMT

On May 8th, IACVA President William Hanlin and Executive Manager Susan Yi met with Mr. Lei, president of Zhengheng Valuation Inc. The two parties discussed their future cooperation in detail.

Zhengheng’s business is no longer confined to Xi’an, having four other offices established in other cities in China. At the same time, the valuation industry of China is developing at a high speed; professional guidance in both theory and practice is of great significance. Based on the overall needs of Chinese valuation professionals and the present expansion of Zhengheng, IACVA and Zhengheng will work jointly on the publication of advanced works in this field. Research papers and valuation reports around the world will be collected and translated into Chinese.

During the conversation, the two parties discussed the development and application of the Market Approach in China. Due to economic growth in China, the number of small and medium size companies has increased enormously, and the valuation of such businesses now constitutes an important portion of the services of Chinese valuators. Mr. Hanlin indicated that it was not appropriate to apply the data of public companies to small and medium sized ones, and that IACVA will keep working with Chinese professionals on this subject.

Both parties expressed their keen expectation for future cooperation, believing this will be a win-win solution for both IACVA and Zhengheng Valuation Inc.

Focus Group with CAS

Lisa Guo — Thu, 03 May 2012 07:40:24 GMT

On April 28th of 2012, Mr. Hanlin, president of IACVA and Mr. Claywell, Vice President of Education visited the China Appraisal Society (CAS). Secretary General of CAS, Madam Liu Ping and Vice Secretary General Ms. Hai Liying of CAS met with President Hanlin and his party. During the meeting, Madam Liu confirmed previous achievements. She pointed out that China's reform and opening up requires companies to go abroad. Valuators serving overseas Chinese companies are increasingly reliant on the close cooperation between CAS and IACVA. President Hanlin stated that previous joint efforts laid an excellent foundation for further cooperation. The two parties are making full preparations for regular and systematic cooperation. In addition, they discussed the joint annual meeting to be held in Xi’an in September of 2012, agreeing that more forums and annual meetings should be held to enhance influences in the Chinese valuation field. At the end of the discussion, Secretary General Liu presented the honorary member certificate to President Hanlin.

Following this meeting, IACVA organized training for Chinese instructors in the conference room of CAS for the first time on April 29th, 2012. Five instructors-in-training from the Chinese mainland and Hong Kong attend the session. This activity was a great success.

Speech in China Central University of Finance and Economics

Lisa Guo — Wed, 02 May 2012 07:37:55 GMT

Visit to Modern Banker Magazine

Lisa Guo — Tue, 01 May 2012 07:35:54 GMT

William Hanlin, and Richard Claywell, visited the Head Office of Modern Bankers and had a friendly conversation with Chief Editor Mr. Li Zheping and editor Ding Ding. Mr. Li expressed his strong interest in CFD (Certified Fraud Deterrence) and hoped to launch a long cooperation with IACVA, including jointly holding training programs, forums and seminars. Mr. Hanlin also showed high expectations for the cooperation with Modern Bankers in CFD certification and hoped that both parties could get to know each other better and work out a detailed plan for the next step.

IACVA Conference, September, Xi'an China

Lisa Guo — Thu, 12 Apr 2012 07:33:48 GMT

Xi'an Conference will be held in September, 2012, from 20 to 22. Please send e-mail to info1@iacva.org if you're interested.

IACVA President, William Hanlin's Visit to Chongqing

Lisa Guo — Mon, 24 Oct 2011 07:31:56 GMT

William Hanlin, IACVA President, paid a courtesy visit to Chongqing Foreign Trade & Economic Relations Commission on October 20, 2011.The vice director general Song Xiaoguo welcomed Mr. Hanlin’s visit. In the detailed discussions, Mr. Hanlin learned more about Chongqing’s development environment and opportunity, as well as expressing interest in IACVA cooperating with the Commission. Chongqing is the largest municipality in China with a population of 32 million. It is traditionally a heavy machinery and auto industry center. It has a Free Trade area called Liang Hui, two national comprehensive bonded ports and four hi-tech processing zones. In the next five years, Chongqing plans to invest 30 billion US dollars abroad. It also aims to encourage world-class manufacturing industries and financial institutions to settle in Chongqing by giving them preferential policies.

Mr. William Hanlin also met Zhu Dalun the chief supervisor of Chongqing Free Trade Port Area Development & Management Co., LTD.

People who attended the meetings think it’s a good opportunity to build a platform that offers service for foreign investment and the globalization of China’s industries. After his trip, Mr. William Hanlin wrote to Chongqing Foreign Trade & Economic Relations Commission and Chongqing Free Trade Port Area Development & Management Co., LTD to express his grateful thanks for their warm reception.

Limited Time ONLY - Self-study Program to become a Certified Valuation Analyst

Lisa Guo — Thu, 29 Sep 2011 07:30:46 GMT

Don't have time to attend live training? Why not sign up for our self-study program!
For limited time only, we are offering a 10% discount for all candidates signing up for CVA self-study program in Asia in the month of October 2011!

Live Training Schedule:

2011
December 17th and 18th - Shen Zhen Shanghai Hotel - CVA Exam Review
December 23rd - Shen Zhen Shanghai Hotel - CVA Case Study Review Course

2012
January 5th and 6th - Shen Zhen Shanghai Hotel - CVA exam review
January 7th - Shen Zhen Shanghai Hotel - CVA Case Study Review Course
January 8th - Shen Zhen Shanghai Hotel - CVA Report Writing Course

A New Chapter - Australia

Lisa Guo — Tue, 20 Sep 2011 07:29:10 GMT

IACVA proudly announces the formation of a new Chapter in Australia, headed by Morris Kaplan of Rose Bay, New South Wales (outside of Sidney!). Although he will be unable to attend the World Council meeting in Dusseldorf (November) he has been active with us at headquarters for several years as we have attended various world events in Australia (as well as throughout Asia) together. We are currently working on a schedule for CVA training classes within Australia, but cannot announce them quite yet. Please drop him a note to introduce yourself if you will be working or traveling in Australia (Morris Kaplan, Morris.Kaplan@gwo.net.au ).

A New Charter-Canada

Lisa Guo — Tue, 09 Aug 2011 07:27:58 GMT

With the rapid development of IACVA throughout the world, more and more Charters have come into being. The latest is a new one in Canada, our home country,, which is led by Michel Regimbald; it will soon have almost 40 members. It is worth noting that our own Chairman, James Catty is also included in IACVA-Canada Charter group.
Michel’s group is leading the project to introduce a graduate level CVA course in universities. It will be available globally to students in graduate finance, accounting and other related fields. Michel is headquartered in the Montreal area.

Canada’s new charter comes on the heels of the new Russia-CIS Charter.

The Global View of Valuation Industry

Lisa Guo — Wed, 29 Jun 2011 07:25:45 GMT

The opportunities and challenges from the International Accounting Standards

On May 31st 2011, a symposium named “The Global View of Valuation Industry” was held by IACVA and Visionaire Advisors Co., Ltd. in Shanghai, China.

During the seminar, Bill Hanlin (president of IACVA), Susan Yi (VP of IACVA- Asia), Ms Jennifer Chen (Taiwan Charter of IACVA) and Mr. Simon Chen (Regional Director of Jones Lang LaSalle Sallmanns), all gave an impressive presentations. The topics included: the impact of IFRS on valuation industry, the practice development of CVAs, the chances of professional service for international firms, the loopholes of overseas investment.

The president of Visionaire Advisors said, “These three topics are timely: Chinese companies have come to an international merger stage, the international version of China stock market is being looked forward to. It has been almost one hundred years that valuation developed overseas. And it has been 20 years since the first IAS (International Accounting Standards) was published. Therefore, it is meaningful to hold such an international conference at this time.”
Over 40 professionals attended this symposium, many from the big 4 accounting firms & businesses with international investments. A representative from Shanghai SASAC (State-owned Assets Supervision and Administration Commission) also participated.

IACVS CIS Charter Established

Lisa Guo — Fri, 10 Jun 2011 07:24:34 GMT

IACVA is pleased to announce the opening of the CIS (Commonwealth of Independent States) affiliate in Moscow, Russia.
William Hanlin, President, stated that with the signing of this agreement with Igor Artemenkov, President, IACVA Russia & CIS, that the globe's largest association of business and intangible asset valuators now trains and certifies CVA's (Certified Valuation Analysts) in over 47 nations.
Jim Catty, Chairman of IACVA added that there are more than 8,500 CVA's around the globe, all trained and certified to the same high level of expertise. Formal regional professional associations have been established in 8 key locations: USA, Europe, Africa, Taiwan, Korea, China, Middle East, and now the CIS. William Hanlin indicates that two additional regions are within weeks of finalizing the establishment of their regional organizations. He also indicated that recent changes in international accounting standards are driving the interest to a single, consistent, standard of valuation.
Inquiries may be directed to IACVA Headquarters (www.iacva.org, +1 206 623-3200) or to any of the regional associations. Information on global valuation conferences and training is available on the group’s website (www.iacva.org).

Hanlin's visit on Korea

Lisa Guo — Fri, 13 May 2011 07:23:08 GMT

From May 9th to 11th, IACVA President William Hanlin visited KVA to discuss cooperation with IACVA.
On May 9th, Mr. Hanlin visited the city of Daejeon, the birthplace of KVA. There, he met with Dr. Seol, Society Honorary Chairman of KVA, Dr.Lee from the University of Science and Technology, and Mr. Park, president of the Daejoen chapter of KVA. Mr. Hanlin delivered a speech on Global Trends and Future of Valuation, upon which the attendees expressed favorable opinions.
On May 10th, Mr. Hanlin visited the Korea Institute of Science and Technology Information (KISTI), and had a warm discussion with the KISTI members about recent valuation trends.
This year, KVA has launched three training sessions for CVA candidates. During this trip, Mr. Hanlin also went to the location of the Korean CVA training, and gave his warmest greetings to the trainees. So far, KVA has established five branch offices to build-up a network.

IACVA Chairman and President Visited Shaanxi Jindi Law Firm

Lisa Guo — Wed, 20 Apr 2011 07:21:03 GMT

On April 1st, Chairman of the Board, James Catty and IACVA President, William Hanlin visited Shaanxi Jindi Law Firm. The two parties discussed about their future cooperation.

During the conference, Mr. Hanlin illustrated the professional services of CVA and CFD to the management of Jindi Law Firm. Both sides exchanged ideas on areas of cooperation between business and legal professionals. The two parties also put forward suggestions for future cooperation and both believed that cross discipline cooperation would have a bright future. The initial steps of cooperation had also been established.

Shaanxi Jindi Law Firm has more than 60 attorneys who offer services in legal consultancy, dispute settlement and other criminal and civil affairs. It is the largest local law firm in Northwestern China region.

IACVA Chairman and President visited Xi'an Zhengheng Valuation Inc.

Lisa Guo — Sat, 16 Apr 2011 07:16:37 GMT

On March 31,2011, Chairman of Board, James Catty and IACVA President, William Hanlin visited Xi’an Zhengheng Valuation Inc. They talked about the cooperation between IACVA and Zhengheng Valuation Inc.

During the meeting, the two sides discussed issues related to the market of business valuation, valuator training and future cooperation. Mr. Lei introduced the history and developing process of Zhengheng, as well as the current situation of valuator training in their firm. Mr. Hanlin expressed his confidence about the bright future of valuation profession in China and IACVA’s willingness to cooperate with Zhengheng Valuation Inc.

James Catty and William Hanlin visited China Appraisal Society and United China

Lisa Guo — Fri, 15 Apr 2011 08:59:04 GMT

Chairman of Board, James Catty and President, William Hanlin have been invited by China Appraisal Society and United China, largest valuation firm in China to be honored guests at their grand celebration at the Great Hall of People.

Past Events for 2010

Lisa Guo — Sat, 09 Apr 2011 08:58:11 GMT

After months of preparation, IACVA's Second International Conference was successfully held on December 2nd and 3rd in Seoul, Korea. More than 200 attendees from around the world came to this conference. IACVA’s Third World Council Meeting was held on the following day. Representatives from charters shared developments from their countries.

In September of 2010, two of the directors from IACVA (William Hanlin and James Horvatch) were invited to attend the Fourth Annual Member's Conference by China Appraisal Society (CAS). At the follow-on standards meeting jointly held by the Ministry of Finance and CAS, Mr. Hanlin was presented with the honor of the Advisory Member for country's valuation standard committee.

In August of 2010, IACVA headquarters hosted a group of senior valuators from China. These valuators are chief valuator or senior managers from the major valuation firms. They spent 4 days with IACVA instructors on the newest development in the valuation theory and practices.

Past Events for 2009

Lisa Guo — Fri, 08 Apr 2011 08:57:07 GMT

2009 Events

NACVA 14th Annual Conference was successfully held in Boston, Massachusetts from May 27th to May 30th, 2009. Despite the worldwide downturn of the economy, more than 60 international delegates and 700 domestic delegates joined this conference.

First credentialed CVAs in China received their certificates from Mr. Gongxia Yue, Vice Secretary General of China Appraisal Society. They are the first group of professionals who have received such honor. Following the certificate presentation, they attended the continuing education sponsored by IACVA China Charter in Shanghai.

On December 3, 2009, after a warm invitation, China’s Vice Minister of Finance, Xuedong
Ding welcomed IACVA’s President, William A. Hanlin at his Beijing office. Vice Minister Ding oversees the valuation profession in People’s Republic of China. He expressed thanks to IACVA for its continued efforts in educating professionals in China. IACVA and China Appraisal Society have established a long term working relationship. Both parties will continue the cooperation to bring best practices to Chinese professionals.

IACVA Headquarters and IACVA Taiwan Charter jointly sponsored the first IACVA International Conference in Taipei on November 26th and 27th of 2009. With the help of Taiwan Charter, IACVA organized the conference, with Taiwan Stock Exchange, Gre Tai Securities Market and Industrial Technology Research Institute as the Co-Organizers and sponsors to the Conference.

The Fifth Annual Conference Sponsored by Germany Charter

Lisa Guo — Mon, 04 Apr 2011 08:55:46 GMT

The Fifth Annual Conference sponsored by Germany Charter will be held in the beautiful historic city of Duesseldorf on November 10th and 11th. In addition, Germany Charter is holding living seminars on: Valuation meets Tax and Accounting series throughout the year.