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.

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!

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

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. 

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

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.

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

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.

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.

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.

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!