July 19, 2023

Notice
Board

Topics in
IVS

Upcoming
Events

Career
Opportunities

DISCOUNT FOR FINANCIAL MODELING COURSES

CBV Institute has secured a 35% discount for CBVs and Registered Students looking to pursue the Advanced Financial Modeling (AFM) accreditation. To do so, please use the code below.

AFM standard price: USD$695
CBV price: USD$495
Coupon code: cbvafm

Registered Students will have free access to the FMI foundations course through the CBV Program of Studies. CBVs can take the course at a 23% discount with the code listed below.

FMI Foundations standard price: USD$195
CBV price: USD$150
Coupon code: cbvfdn

Coupon codes are valid until June 30, 2024.

CALL FOR VOLUNTEERS – REGISTERED STUDENT FEEDBACK

Each year, CBV Institute undertakes a thorough strategic planning exercise. This year (as in many years), the focus of our strategic planning will be the Program of Studies and the MQE, and the Institute would like Students’ input as to the content, delivery, and assessment mechanisms in the Program of Studies. Feedback and input from Registered Students is critical to this process. The Institute will be holding a virtual focus group on Tuesday August 1st, from 12:00-2:00pm ET. If you are available and interested in attending, please email info@cbvinstitute.com by Thursday, July 20th. In your response, please indicate your practice area so that we can ensure diversity of employment in the focus group. We look forward meeting you all, and thank you in advance.

CALL FOR VOLUNTEERS: RETIREMENT ROUNDTABLES

CBV Institute is looking for CBVs who may retire in the next 24 months to participate in two roundtable sessions. In the first session, participants will discuss professional practice issues around retiring and winding up. Findings from the first session will inform the development of a retirement guide that will be made available for free to our Members. In the second session, participants will discuss CBV Institute’s ‘Retiree Fee’ conditions as outlined in the Fee Structures Policy.

To express your interest in being involved in one or both roundtable discussions, please email Heather.Bennett@CBVInstitute.com by Friday, August 4th. The roundtable sessions will take place in September.

CONNECT 2024 - CALLS FOR VOLUNTEERS & SPEAKERS

Call for Volunteers

CBV Institute is looking for conference planning committee members for CONNECT 2024 (June 20 & 21 in Montreal, QC).

The Conference Planning Committee is divided into 3 streams – Core BV, Litigation and Deals. Members of each Planning Committee will identify stimulating valuation topics and cutting-edge business issues in their designated stream as well as secure expert speakers who can provide robust, in-depth presentations.

SPEAKING OPPORTUNITY FOR CBVs

Calling all CBVs! The Family Dispute Resolution Institute of Ontario (FDRIO) is hosting its annual conference on November 20, 2023. CBVs nationwide are invited to apply to speak as panelists at the conference. FDRIO’s annual conference, which will be held virtually again this year, is a must-attend event for the family dispute resolution community and regularly offers a financial stream of programming led and attended by your colleagues.

This year, the conference aims to delve deeper into some of the more complex issues facing separating families and will cover such financial topics as:

Complex financial issues such as capital gains strips, life insurance, trusts, RRSPs, etc.
Notional Disposition Costs, and
Financial Disclosure

If you're interested in applying, please submit your application, including your CV, to the Conference Financial Subcommittee Chairs, Neil Maisel at neil.maisel@crowesoberman.com, or Matthew Krofchick at matthew@kval.com by July 28, 2023.

If you’re not sure you want to speak, but you would like to attend the Conference on November 20, 2023, that’s no problem! The conference is open to CBVs across Canada. Registration opens on August 1st.

2023 MQE REGISTRATION OPEN

Registration for the 2023 MQE is open until August 14. The date of the 2023 MQE is Wednesday, September 20, 2023.

All documents such as policies, mandatory course notes, past MQE booklets, and solutions are available in your CBV Institute account, on the MQE candidate tab. Once it is available, online proctoring information will also appear on your CBV account candidate page, it will be sent via email, and it will be included in an edition of CBV Matters. Students will be given the opportunity to test the online testing environment.
Ensure that you apply for exemption(s) that you are eligible for prior to registering for the MQE. The system will not recognize that you have completed the course requirement unless you submit your exemption request.

All questions related to the MQE must be sent to MQE@cbvinstitute.com.

More Information…

We're excited to bring to your attention a new CBV Insights paper authored by Jeff Harris, Marco D’Elia, CPA, CBV, and Luc Ryu, CPA, CBV. The paper, titled "Valuation of Sports Teams and Franchises", provides a comprehensive exploration of the intricate economic ecosystem that fuels sports franchises.

Over the past decades, the value of sports franchises has significantly outpaced the S&P 500, driven by lucrative media rights deals, the globalization of content, and resilience to macroeconomic downturns. This growth has piqued the interest of institutional investors, making the understanding of sports franchise valuations more relevant than ever.

The paper demystifies the economics of sports franchises, discussing key financial drivers, the role of media rights, revenue sharing, salary caps, luxury taxes, and collective bargaining agreements. Don't miss this opportunity to delve into the world of sports franchise valuations.

Read the Paper…

NEW PERSPECTIVES PAPER: DECIPHERING TECHNOLOGY

CBV Institute is pleased to share a new paper by the International Valuation Standards Council (IVSC), titled Deciphering Technology. The fourth release in the IVSC’s series Time to Get Tangible About Intangible Assets, this paper tackles the valuation of technology assets, a complex process requiring substantial professional judgment, expertise, and analysis.

Deciphering Technology explores some of the key considerations in the valuation of technology, including delineating technology assets from predecessors and future iterations, and from other intangible assets. It also discusses the three potential approaches (market, cost and income) under the International Valuation Standards.

As best practices for the valuation of intangible assets continue to evolve, we encourage you to read this series. Stay informed and stay ahead!

Read the Paper...

IVSC EXPOSURE DRAFT - DEADLINE APPROACHING

Deadline to respond: July 28, 2023

The International Valuation Standards Council (IVSC) has launched a 3-month public consultation on proposed changes to International Valuation Standards (IVS).

The exposure draft reflects ongoing changes in global markets and valuation practices, increasing use of technology and data sources, growing demand for clarity in valuation processes, and the need to address new types of assets and liabilities, including environmental, social, and governance (ESG) factors.

Read the full exposure draft here. Comments are due by July 28; submit online or via email to IVSC Technical Director, Alexander Aronsohn (aaronsohn@ivsc.org). The updated standards are expected to be published in January 2024, with an effective date of July 2024.

Navigating the Hidden Cost of Employment Liabilities in a Valuation
	Modern business valuation methods often overlook employment liabilities, a key strategic aspect. These liabilities, such as unfunded pensions, often arise from complex, unpredictable factors like dismissals, and are influenced by intricate employment law principles like common law reasonable notice. Join Alex Kagan from Aird & Berlis LLP as he explores how these employment liabilities affect business valuation, their implications in transactions, and strategies to manage them. He will also highlight the role of employment contracts and key differences in share and asset purchases.
September 26, 2023		REGISTER

Forensic Tracing of Cryptocurrency Transactions
	Join Brandon Lewis (Partner, White and Lewis) as he provides a basic understanding of how digital currencies, particularly cryptocurrencies, can be traced and analyzed in forensic investigations. As cryptocurrencies gain popularity, it becomes essential for investigators and legal professionals to grasp the tools and techniques available to unravel the digital trail left behind by these decentralized assets.
September 27, 2023		REGISTER

How to Engage and Assure Your Readers
	Join Susan Glass (Retired Partner, KPMG), as she focuses on how to write a well-supported report that will engage your readers and provide them with confidence in your work. Amongst other things, consideration will be given to the report writing process, report content and organization, and key elements of report writing, including how to write clearly and concisely, the appropriate tense to use in valuation reports, and phrases to avoid. Susan will also walk registrants through relevant formatting issues. Finally, she will consider how reports should or will differ depending on the purpose of the valuation (litigation, tax, securities law, portfolio management, financial reporting, etc.) and the location of the engagement (Canada, U.S., U.K., etc.), along with the pros and cons of using report templates.
October 18, 2023		REGISTER

ALL EVENTS

Looking for additional CPD opportunities? Attend a CAASA event!

The Canadian Association of Alternative Strategies & Assets is Canada’s largest association representing the alternative investment industry in Canada with approximately 400 members — including alternative investment managers, pension plans, foundations, endowments, and service providers. Its membership and activities span all alternatives from hedge funds and venture capital to real estate and cryptocurrencies. Founded in 2018, CAASA’s mission is to bring Canada to the world and the world to Canada by promoting information sharing, networking, and collaborative initiatives between its members and the industry at large.

Learn More...

Open Position	Company
Associate and/or Senior Associate (Hybrid/Remote Role)	White & Lewis Toronto
Manager, Finance Marketing	BRP Montreal
Finance Marketing Analyst	BRP Montreal
Associate, Valuations, CBV	Troy Valuations Calgary
Senior Manager: Valuations, Litigation Support and Forensic Accounting	Cohen Hamilton Steger Toronto
Manager, Valuations	BC Investment Management Corporation (BCI) Victoria
Valuations Principal/Partner	DMCL LLP Vancouver

PAID ADVERTISEMENTS

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

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Notice Board

DISCOUNT FOR FINANCIAL MODELING COURSES

CALL FOR VOLUNTEERS – REGISTERED STUDENT FEEDBACK

CALL FOR VOLUNTEERS: RETIREMENT ROUNDTABLES

CONNECT 2024 - CALLS FOR VOLUNTEERS & SPEAKERS

SPEAKING OPPORTUNITY FOR CBVs

2023 MQE REGISTRATION OPEN

SPONSORED RESEARCH INITIATIVE – REQUEST FOR PROPOSALS

NEW CBV INSIGHTS: SPORTS FRANCHISE VALUATION

TOPICS IN IVS

NEW PERSPECTIVES PAPER: DECIPHERING TECHNOLOGY

IVSC EXPOSURE DRAFT - DEADLINE APPROACHING

Upcoming Events

CAreer Opportunities

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