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!

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

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.

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.

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’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.

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 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

"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.

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.

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.