Archive 2024-193: How to Prepare/Defend a Business Valuation Review Analysis and Report of an Opposing Expert’s Work in Litigation

Archive 2024-193: How to Prepare/Defend a Business Valuation Review Analysis and Report of an Opposing Expert’s Work in Litigation

**Webinar 193: Live Broadcast Date: September 26, 2024, 1:00-3:00 pm EDT**

Speakers: Jim Hitchner, CPA/ABV/CFF and Harold G. Martin, Jr., CPA/ABV/CFF, ASA, CFE

The main highlight of this session will be the issuance and detailed discussion of a new USPAP/NACVA/AICPA-compliant sample valuation/appraisal review report. Hitchner and Martin will also discuss and present checklists for a USPAP review analysis and report and a NACVA review analysis and report.

An organized checklist format will be used that allows the technical reviewer to determine whether the valuation data sources, assumptions, and methods are reliable and supportable in a litigation environment. This process can also be used for quality assurance and technical reviews in internal senior staff reviews. Several testimony skits with the RIGHT answers to tough cross-examination questions will also be included.

Webinar Outline:

• When and how to perform a valuation/appraisal review
  • Development of a valuation review
  • Reporting of a valuation review
  • Litigation
  • Non-litigation
  • Internal
  • USPAP/NACVA/AICPA compliance
• Length and structure of valuation/appraisal review reports
• What goes in a valuation/appraisal review report
  • Scope of work
  • Intended use and users
  • With and without a separate opinion of value
    • Proper language
    • Improper language
  • CAARR
    • Completeness
    • Adequacy
    • Appropriateness
    • Relevance
    • Reasonableness
  • Ethics compliance
  • Assumptions and limiting conditions
  • Representation/certification
• What should NOT go into a valuation/appraisal review report
• Good and bad data sources and uses
• Correct and incorrect normalization adjustments
• Valuation method issues and input testing
• Testimony skits

Learning Objectives:

• Using the sample review report handout, the participant will learn what needs to go into a USPAP/NACVA/AICPA-compliant appraisal review analysis and report
• The participant will learn how to use compliance checklists
• The participant will learn how to perform a technical review of any kind of business valuation and/or report of an equity/ownership interest
• The participant will learn what the “best practices” are in preparing and presenting a review valuation and report
• The participant will be alerted to common errors and unsupportable uses of data, assumptions, methods, and applications
• The participant will learn about testing/sensitivity tools in preparing technical reviews
• The participant will learn how to withstand rigorous cross-examination

Handouts:

• VPS webinar PowerPoint slides
• Sample Valuation/Appraisal Review Report
• BV Review Checklists
• Following the webinar, attendees will have access to a video recording of the program

With our simple flat pricing plan, your entire office (up to 20 people) can join us for this 100-minute presentation, earn two hours of CPE credit and receive an archive recording for $239. Contact jkern@valuationproducts.com if your firm will have more than 20 attendees. 

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Program Level: Intermediate
Delivery Method: Group/Internet based
Prerequisites: Basic understanding of business valuation concepts
CPE Credits: Two 50-minute CPE hours / Field of Study: Specialized Knowledge
For more information on CPE credits, refund policies, and complaint resolution visit our CPE page at www.valuationproducts.com/cpe.html.

Note to our loyal repeat customers:  We are partnering with the Virginia Society of CPAs to update and streamline our webinar process.  As a result, the instructions for registering and accessing the webinar have changed. Please download and read these instructions carefully.