December 21, 2022



 

Notice Board

EXPOSURE DRAFT RELEASED: ADOPTION OF IVS AS OPTIONAL USE PRACTICE STANDARDS

CBV Institute has released an exposure draft proposing the adoption and permitted (optional) use of the International Valuation Standards (IVS) as issued by the International Valuation Standards Council (IVSC) for independent valuation engagements which would otherwise be performed in accordance with CBV Institute Practice Standards Nos. 100, 110, 120 and 130. For clarity, IVS would be adopted as an option alongside, rather than replacing, Practice Standards Nos. 100, 110, 120 and 130.

CBV Institute and its Professional Practice and Standards Committee (PPSC) have been discussing the adoption of IVS for several years. The publication of this Exposure Draft is a significant step forward towards global harmonization of valuation standards for the benefit of the public interest. CBV Institute and CBVs have had a leading role in shaping IVS into what they are today – the leading internationally recognized standards for valuations of all asset types, including business valuation.

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FALL TERM 2022 - COURSE RESULTS

The following course averages and pass rates were achieved in the CBV Institute’s Fall 2022 term. Congratulations to the individuals noted below, who achieved the highest mark in the courses.

  Course  Course Average Mark Course Pass Rate Individual Achieving Highest Mark
  Level I BV 65% 76% Sarah Dunning
  Level II BV 63% 71% Mian Wu
  Level III BV 64% 76% Kristian Paul
  Level IV BV 65% 85% Jinwei Tang
  Corporate Finance 71% 83% Nicole Choy
  Litigation in Business Valuation 65% 83% Chelsea Fang
  Private Investments  60% 75% Della Wang
  Valuation For Financial Reporting 68% 84% Frédérick Marcil

VIDEO RELEASED ON CBV ROLE IN MATRIMONIAL PROCEEDINGS

CBV Institute is pleased to release the second in a multi-video series on the integral role CBVs play in litigation support. Hosted by Mathieu Lapointe, CBV, M.Sc., Senior Manager, PwC, each video covers a different topic and exposes audiences to the important role that CBVs play in litigation support.

In this, the second video, Mathieu interviews Catherine Richard, CPA, CBV, Managing Director, PwC Deals - Valuations and Disputes, and Iain Fraser, CPA, CA, CBV, Director, PwC Deals - Valuations and Disputes on the topic of the CBV’s role in matrimonial proceedings.

The speakers discuss the benefits of engaging CBVs in matrimonial proceedings, how a CBV complements the role of a lawyer in these types of engagements, how CBVs quantify notional income, and much more.

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TOP CBV UNDER 40 NOMINATIONS CLOSE SOON

The nomination deadline for this award is December 31, 2022.

The Top CBV Under 40 in Memory of David Cornfield CA, CBV, recognizes an exceptional CBV on-the-rise in their career who has demonstrated success in a broad diversity of interests, brought distinction to the profession, and embodies outstanding service. Such a CBV is inspiring not only for career accomplishment but for realizing meaningful ways of giving back while achieving impressive professional goals.

  Download Nomination Form   View Policy
       

MQE 2023 - CALL FOR QUESTIONS

Preparations for the 2023 MQE are underway! CBVs interested in submitting a question for the 2023 MQE should submit a 1-page synopsis of their question to CBV Institute's Education Department, at education@cbvinstitute.com, by Monday, January 9, 2023.

On Friday, January 20, 2023, selected CBVs will receive an invite to the 2023 MQE Authors Clinic (on Friday, January 27, 2023) based in part on their synopsis.


RESEARCH SURVEY ON QUALITY OF EARNINGS REPORTS

CBV Institute’s Research Task Force is pleased to announce the winning proposal for the 2022 Ian R. Campbell Research Award: Melanie Russell’s proposal for “Quality of Earnings reports – a study of best practices”. Ms. Russell and the RTF would like to request the assistance of CBVs and others who are/have been involved with the preparation and/or use of QOE reports. In this regard, we ask that you please complete the attached short (2-minute) survey. Thank you in advance for your assistance.

Take Survey…


MQE APPEALS DEADLINE – DECEMBER 31

Students who are not successful on the MQE may request an appeal of their examination results within 30 days of receiving their mark. The deadline is December 31, 2022.

Please see the Membership Qualification Examination Appeal Process for more information.

To appeal an MQE result, log-in to your profile. From your dashboard, click on the “MQE” tab, scroll to MQE history, and click appeal."


WE’RE HIRING! MANAGER, RESEARCH & THOUGHT LEADERSHIP

CBV Institute is looking to hire a full-time Manager of Research and Thought Leadership. Reporting to and working closely with the Vice President, Regulatory and Standards, this person will also work closely with CBV Institute’s Marketing and Communications, Continuing Professional Development, and Education teams.

The Manager of Research and Thought Leadership will play an instrumental role in the development and sourcing of high-quality thought leadership to: (1) inform public audiences about the business valuation profession (and CBV profession specifically) and set it apart from other professions, and (2) support Students and Members in their professional growth as leaders in the business valuation profession.

Read More…


 

Upcoming Events

 

Young Professionals in Valuation – A Calgary Escape!

CBV Institute’s YPV program is excited to finally be able to host an event in Calgary! Join us for a fantastic social networking opportunity at Escape60. This great networking event is fueled by food and drinks, moved by music and all made possible through your CBV community. There’s no pressure to be experienced at escape rooms, it’s all about everyone combining their mental resources and wit and having fun.

This will be an event you don’t want to miss! Registration includes networking, escape room experience, 1 drink ticket and delicious appetizers, all in a trendy environment.

January 26, 2023    

The Economic Environment and Valuation for Engineering and Architecture Firms

Join Sonya King, RSM’s industry Eminent and Paul Mandel, CBV as they discuss:

-An overview of the general economic environment
-An overview of economics impacting Engineering and Architecture Firms (construction industry)
-Public and private market trading multiples for Engineering and Architecture Firms
-A case study of valuation for a small engineering firm
-A case study of valuation for a large architecture firm

March 01, 2023    

Introduction to Purchase Price Allocations and Intangible Asset Valuations in Practice
This webinar will provide an introduction to purchase price allocations and the valuation of intangible assets in the context of business combination accounting. Attendees will learn an overview of the accounting frameworks relating to purchase price allocations, considerations for the measurement of the fair value of purchase consideration in a transaction, the criteria for identifying intangible assets, and commonly used valuation methodologies for various types of intangible assets. The workshop will highlight – through a live case study – the common mechanical aspects of valuation analysis typically included in a valuation engagement for financial reporting purposes.
March 29, 2023    



ALL EVENTS


 

Job Postings

 

        
Open Position Company
DIRECTEUR/DIRECTEUR PRINCIPAL- ÉVALUATION D’ENTREPRISES ET SERVICES-CONSEILS Demers Beaulne, S.E.N.C.R.L.
Montréal
Senior Business Development Analyst UFA
Calgary
Principal, Portfolio Strategy and Development BHP
Toronto
Conseiller(ère), acquisitions et projets financiers Sollio Agriculture
Montréal
Senior Manager: Valuations, Litigation Support and Forensic Accounting Cohen Hamilton Steger
Toronto
Senior Manager, Transactions Grant Thornton LLP
Victoria
Manager/Senior Manager, Transactions Grant Thornton LLP
Toronto
Manager – Business Valuation Rumley Holmes LLP
Barrie
Expert(e) Évaluation d’Entreprises et Risques Financiers Fondaction
Montréal
Manager / Senior Manager Valuation Support Partners Ltd.
Markham
Directeur Fusions et acquisitions Industrielle Alliance
Québec / Montréal / Toronto
Associate, CPA, CBV Spence Valuation Group
Kelowna
Senior, Financial Advisory Services Baker Tilly LLP
Ottawa
CPA / CBV KSV Advisory
Toronto
Manager, Corporate Finance Capital Power
Calgary or Edmonton

 

 

 

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