EXPOSURE DRAFT: DEADLINE APPROACHING

Comments for this exposure draft must be received by March 31, 2023.

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 toward 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. Read More…

CBV CONNECT 2023 – REGISTER NOW

Registration for CBV Institute's annual conference and flagship event, CBV CONNECT, is officially open. CBV CONNECT is taking place in Toronto June 8 - 9, 2023, at The Sheraton Centre Toronto Hotel.

Will you be attending CBV CONNECT 2023? Let us know here!

Register before April 30, 2023, and save $200.

Register now to secure your spot!  Can't make it in person?  You can register to livestream all Core BV sessions.

CBV RESEARCH ON ESG & BUSINESS VALUATION

We are pleased to share recently published research titled, The Rise of ESG and the Impact on Business Valuations and Economic Damages, authored by Howard Rosen, CPA, CA, CBV, and Gigi D’Souza, CPA, CA, CBV. In determining business value or the value of future earnings, the author’s study seeks to determine whether the emerging ESG trend has an impact on business value or the value of future earnings, and if so, how the impact may be assessed and quantified. The paper explores the topic of ESG, why it matters more today than before, how market participants view the emerging focus on ESG, and what possible impacts ESG has or will have on the valuation of businesses and business operations. Read the article…

YORK UNIVERSITY LAUNCHES BV CLUB

Please join us in congratulating York University for launching its first-ever Business Valuation Club.

About the York University Business Valuation Club:

• The club exists to increase awareness of the field of business valuations and provide information on the CBV designation;
• Professor Binu Mathai, CBV has agreed to act as the club’s advisor.

CALL FOR SPEAKERS

Based on the success of Business Valuation Challenge 2022, we’re anticipating more valuation clubs will be established at universities across the country. If you’re interested in volunteering as a speaker, please contact us at info@cbvinsitute.com.

EMPHASIS ON INDEPENDENCE IN SUSTAINABILITY REPORTING

An independent review commissioned by the Financial Reporting & Assurance Standards (FRAS) Canada has recently concluded. The Independent Review Committee on Standard Setting in Canada conducted a review of the governance and structure for establishing Canadian accounting, auditing, and assurance standards, as well as what might be needed for the future – including sustainability standards. The audience for and materiality of sustainability reporting extends to a vast array of stakeholders, including CBVs, who are concerned about the impact of business on the environment and society.

“A key focus for the committee was the importance of independence, both real and perceived, in establishing standards given the role they play in fostering a common understanding of organizational performance and risks,” said Ed Waitzer, committee chair.

Read the Release...

Read the Report...