May 22, 2024

PB5 EXPOSURE DRAFT - DEADLINE EXTENDED

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 June 7, 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…

2024 MQE REGISTRATION OPEN

Registration for the 2024 MQE is open. The date of the 2024 MQE is Wednesday September 18, 2024.

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…

CBV CONNECT 2024 SESSION SPOTLIGHT

CONNECT 2024 is almost sold out, with 95% of tickets gone!

Don't miss this chance to enhance your valuation skills and professional development at CBV Institute's signature event.

Unable to attend in person? Register for the livestream and earn verifiable CPD hours.

Top Three Most Argued Issues in Personal Injury Claims

The process of quantifying economic losses resulting from personal injury claims is quite complex in most standard cases. However, the process can become considerably more complex when pre-existing conditions effecting income, expected retirement age, loss of competitive advantage and whether the claimant reported cash income for tax purposes or was self-employed are also taken into consideration. Although some issues are heavily reliant on assumptions, such as retirement age (which may be decades into the future) or future promotions (which are uncertain), there are other factors that require detailed analysis to be accurately determined. The effect of pre-event conditions on pre-event income can be calculated by looking at the amount of unreported income through source documents that may be available, as well as analyzing business expenses to quantify personal portion of expenses.

CORPORATE FINANCE INSTRUCTOR NEEDED

CBV Institute is seeking an instructor to teach Corporate Finance starting in the Winter 2025 term.

The instructor will play a key role in developing the course exam, leading two webinars per term, grading exams, and providing online support by responding to technical questions. If interested, please send your resume and a brief summary outlining how your experience aligns well with the role to saam.bandari@cbvinstitute.com.

BEYOND NUMBERS: INCORPORATING ESG INTO IVS

The International Valuation Standards Council (IVSC) has launched a survey to explore ESG factors in valuation processes, covering financial reporting, market capitalizations, secured lending, and tax reporting. Open from March 28 to May 31, 2024, the survey takes 5 to 10 minutes to complete. IVSC will compile the results and publish a report providing insights on ESG's role in valuations and market trends. The report will guide the IVSC Standards Review Board on incorporating ESG considerations into future standards. This survey is the first in a series focused on ESG and valuation, with future surveys targeting investor perspectives and firm use.

Access the Survey…

CBV INSTITUTE AWARDS & HONOURS CEREMONY

CBV Institute is pleased to be hosting its 2023 Virtual Awards & Honours Ceremony on Thursday, June 6, 2024, from Noon – 1:00 p.m. ET.

Bestowed annually, the virtual Awards & Honours Ceremony serves to recognize excellence in the business valuation profession and Student achievement. Recipients will be recognized at a virtual gathering led by CBV Institute’s leadership team and Patrick Coady, FCPA, FCA, FCBV, Board Chair, CBV Institute.

A livestream link will be circulated in CBV Matters on June 5. Make sure to mark your calendars!

NEW IVSC PAPER: CUSTOMER LIFETIME VALUE

CBV Institute is pleased to share a new publication by the International Valuation Standards Council (IVSC), titled Professional Insights: Customer Lifetime Value Uncovered. Daniel McCarthy, Assistant Professor of Marketing at Emory University’s Goizueta School of Business, shares insights from his research into customer-based corporate valuation.

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

Montreal Networking Event
	Montreal’s Emerging Leaders in Valuation are pleased to host a networking event – Kick off CONNECT 2024! We encourage Emerging Leaders in Valuation and all Connect attendees (regardless of age or experience) to register for this event, reconnect with old friends, and expand your professional network. Whether you are looking to make new connections or simply enjoy a fun evening out with like-minded professionals, this event is for you. Don’t miss out on this incredible opportunity to network with some of the brightest minds in our industry. Register is limited so register now to secure your spot and join us for an unforgettable evening of networking. Registration includes a drink and appetizers.
June 19, 2024		REGISTER

CBV CONNECT 2024
	Join us in person at the signature event of CBV Institute dedicated to leadership in business valuation. Get the latest thinking and insights to advance valuation expertise and confront an ever-changing business environment. Global registration is open to CBVs and Students, other valuation professionals, business leaders and interested professional associations and organizations. Registration for CBV CONNECT 2024 unlocks access to two days of informative, thought-provoking sessions. At the time of registration, there’s added flexibility to choose from one of three sessions happening simultaneously in the subject area of most interest to you: Business Valuation, Litigation or Deals. Plus, get online video access after the event to any sessions that CBV Institute received authorization to record. All for one price!
June 20 - 21, 2024		REGISTER

ALL EVENTS

Open Position	Company
Manager/Senior Manager: Valuations, Damages Quantification and Forensic Accounting	Cohen Hamilton Steger Toronto
Senior Manager	Evans & Evans, Inc. Toronto / Vancouver
Senior Associate (Remote Position)	White & Lewis Remote

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