CPD & PRACTICE INSPECTION DEADLINE APPROACHING

A reminder that CBVs must submit their Continuing Professional Development and Practice Inspection Declarations by March 1st, 2021. You can submit your declarations here.

MENTAL HEALTH & WELLNESS RESOURCES

In these challenging times, we at the Institute are mindful of the anxieties that may be felt by CBVs and Students adapting to the new normal. It is normal to feel anxious and afraid as we continue to deal with effects of the COVID-19 pandemic. While this situation is stressful for all, people living with mental illness may be finding it especially difficult to cope. Remember: no matter where you are or what you’re going through, you don’t have to go through it alone. To that end, we are sharing these available resources for mental health and well-being which can lend support to you or to someone you know.

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NEW CBVs – RECORD YOUR CBV STORY!

Are you a CBV with less than 3 years in the profession? We’d like to hear in your own words why you became a CBV. Over the next few weeks, we are compiling a diverse range of short video testimonials to be used for our annual recruitment promotions. Help us inspire other business professionals like yourself to consider a CBV career. Quick recording on zoom at your convenience.

Interested? Email kevin.floether@cbvinstitute.com for more information.

EXAM SCHEDULING AND PRACTICE QUIZ

Students must create a profile and schedule their course exams with Examity by Monday, March 1, 2021. Students must write their exams using Examity (no exceptions).

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REGIONAL DIRECTOR ELECTION - QUEBEC

On January 8, 2021, a Notice of Election, with supporting documentation, was emailed to the Members in the Province of Quebec. The deadline for receipt of the nomination form is March 31, 2021. We encourage everyone who feels that they can make a contribution to the Board and support the CBV Institute’s vision to give consideration to seeking a nomination.

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ADDITIONAL TECHNICAL REVISIONS ED (2021) – COMMENT PERIOD OPEN

The comment period for the 2021 IVS Additional Technical Revisions Exposure Draft (ED) is open until April 30th. This ED includes some important changes to business valuation, notably:

• Automated Valuation Models (AVM)

• Limited Scope Engagements (not compliant with IVS)

• Governance over the valuation process

• The addition of a 4th valuation approach (beyond cost, income and market)

CBV Institute will be providing a formal response to the ED and strongly encourages CBVs to review and provide comments, especially on areas where they may disagree. 

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IVS 500 – FINANCIAL INSTRUMENTS ED – COMMENT PERIOD OPEN

The comment period for the IVS 500 Financial Instruments Exposure Draft (ED) is open until April 19th. This ED proposes a significantly different approach to the valuation of financial instruments. The objective of IVS 500 is to establish principles that will enable entities to derive fit for purpose valuations of financial instruments in all market conditions and circumstances.

CBV Institute encourages CBVs to review and provide comments, especially on areas where they may disagree.

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VALUATION INSIGHT ON IBOR REFORM

The IVSC has published a Perspectives Paper outlining the key challenges for valuation professionals arising from Interbank Offer Rates (IBOR) Reform. The paper focuses on the management of ‘Valuation Uncertainty’ and ‘Valuation Risk’ through changes to Governance, Data Management and Model Risk Management that entities will need to consider to effectively manage the transition. Read more...