April 16, 2024

EXPOSURE DRAFT RELEASED: PB5

CBV Institute is seeking comments on revisions to Practice Bulletin No. 5 (PB5). PB5 has been revised to expand guidance on situations where reporting standards are not intended to apply. We welcome feedback from all stakeholders until May 9, 2024.

The revised PB5 (renamed Guidance as to when reporting standards are not intended to apply) does not change any of the standards or their interpretation. It simply clarifies existing practice and provides expanded guidance on several areas, particularly those work products commonly referred to as ‘illustrative pricing analysis’.

More Information…

SUMMER 2024 TERM – REGISTRATION OPEN

Registration for the Summer Term 2024 is now open. The deadline to register for the Summer term is Friday, May 3, 2024. Please register early, late registrations will not be accepted.

CBV CONNECT 2024 SESSION SPOTLIGHT

Early bird deadline: Register before May 15, 2024, and save $ 200.

The deadline date to book a room at the conference hotel is May 20, pending availability in the room block. Rooms are booking quickly!

The Power of ESG: Unlocking Value and Enhancing Returns in M&A

Explore the transformative impact of ESG factors on M&A at CBV CONNECT 2024! Join our panel, including Miriam Pozza, Brooke Thiessen, Nelson Switzer, and Vy Duong, moderated by Anne-Julie Renaud Souchereau. Unpack how ESG integration attracts capital, manages risks, and uncovers hidden value for sustainable returns. Challenge myths surrounding ESG and returns. Learn about thorough due diligence, capitalizing on ESG opportunities, and reflecting ESG in valuations. This session is a must-attend for CBVs seeking to leverage ESG for long-term, risk-adjusted returns in M&A. Don't miss this chance to enhance your M&A strategies with ESG insights.

HELP US GROW THE PROFESSION

Attention CBVs and Registered Students: We need your help to champion the growth of our profession! We're calling on you to actively promote our upcoming 2024 Chartered Business Valuator Roadshows within your business and finance circles. This is a unique chance to introduce non-CBVs to the depth and breadth of our field, offering them a window into the world of business valuation.

Your help in sharing these events will play a crucial role in expanding the reach and influence of the CBV profession. Let’s join forces to make these roadshows a huge success in growing our community.

Below we’ve shared a set of promotional posters for each event location. We strongly encourage you to share these with your network via email or on social media. Help us spread the word!

	Toronto – May 7 See Poster…	Halifax – May 8 See Poster…	Ottawa – May 15 See Poster…
	Vancouver – May 7 See Poster…	Calgary – May 13 See Poster…	Montreal – May 16 See Poster…

We are also still looking for CBVs to volunteer their time and attend some of these events. Should you have any questions about the upcoming events, or wish to attend as a member of the CBV Panel, please contact Kevin Floether, Manager, Marketing & Communications, at kevin.floether@cbvinstitute.com.

IP-BACKED FINANCING WEBINAR PACKED WITH VALUABLE TIPS

Lally Rementilla, Managing Partner, Intellectual Property-Backed Financing at BDC provided an insightful webinar on how IP-backed financing works at the Business Development Bank of Canada. She also discussed how a solid IP strategy aligned with a company’s business strategy can create significant value and competitive advantage.

Missed the webinar? Catch the recording here!

For a few key takeaways from Lally Rementilla, read more…

SHAPE VALUATION STANDARDS: IVSC SURVEY

CBVs, your input is vital! The International Valuation Standards Council (IVSC) is conducting an important survey on how ESG factors are being quantified and considered in all types of valuations. This survey represents a unique opportunity for CBVs to inform the IVSC’s efforts to refine and enhance ESG-related standards and practices to meet market needs. As CBV Institute has adopted International Valuation Standards optionally, it is important that our Members respond to this survey. Don't miss your chance to shape the future of valuation standards. Participate now and make your voice heard!

Vancouver Joint Event: Happy hour at Haraheri
	We are teaming up once again to bring you a unique networking opportunity to forge professional relationships with other industry experts. Don’t miss this opportunity to mingle with members from CBABC Business Law & Young Lawyers – Lower Mainland Sections, CBABC Tax Lawyers, CFA Society Vancouver and CBV Institute. Registration is limited to a total of 40 CBV Members/students. Last year this event sold out in 1 day so register now to secure your spot! Registration includes appetizers and a chance to win door prizes.
May 9, 2024		REGISTER

Empowering Young Professionals: A Panellist discussion with Toronto's finest Legal, Fraud Examination, & Valuation professionals
	Don’t miss this opportunity to network with Toronto’s top legal, fraud examiners, and business valuation professionals as they draw from diverse backgrounds and share their insights, strategies, and real-world experiences, offering invaluable discussions on fraud detection, case examples, and the art of business valuation. This event promises to equip early career professionals with the knowledge and tools essential for success in today’s dynamic legal and business environment. This event is jointly held in collaboration with the Toronto Lawyers Association, CBV Institute, and the ACFE-GTA Chapter, and is hosted by RSM Canada LLP. 1 hour of CPD is allocated to this event.
May 15, 2024		REGISTER

Feedback Session with AcSB on the Recent IASB Exposure Draft on Business Combinations
	Changes to IFRS accounting standards for IFRS 3 Business Combinations and IAS 36 Impairment of Assets are being proposed. The Canadian Accounting Standards Board (“AcSB), a key stakeholder to the CBV community, is consulting the CBV community on these upcoming changes. They want to hear directly from and engage with CBVs involved in PPA and goodwill impairment work. Join a live discussion with staff of the AcSB and provide feedback on the recent IASB Exposure Draft Business Combinations—Disclosures, Goodwill and Impairment as well as the AcSB’s Domestic Subsequent Measurement of Goodwill and Acquired Intangible Assets project.
May 28, 2024		REGISTER

ALL EVENTS

Open Position	Company
Senior Manager	Evans & Evans, Inc. Toronto / Vancouver
Senior Associate (Remote Position)	White & Lewis, Remote
Valuations Associate	Fuller Landau LLP Toronto
Manager, Valuation	MNP Toronto
Business Valuation Manager/Senior Manager	Virtus Group Saskatchewan
Senior Associate & Associates	Secretariat Toronto

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CBV Institute is neither affiliated with, nor endorses, these programs.

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