ATTENTION MEMBERS: PAYMENT SYSTEM ISSUES RESOLVED

Last week, CBV Institute experienced some technical issues processing credit card payments – issues which ultimately required the system to be shut down for a few days of maintenance. The issues have since been resolved and the system is back up and running.  We apologize for any inconvenience and thank you for your patience.

PROGRAM OF STUDIES - UPCOMING DEADLINES

Exam Opt-Out Deadline - Monday, February 22, 2021
York University will send all Students a link to opt-out of their course exam, should they choose to. After opting-out of an exam, a reduced re-enrolment price will automatically apply when you register for that course in the next semester. Students will not be permitted to opt-out of their exam after this deadline.

Academic Accommodations Deadline – Monday, February 22, 2021
The deadline to apply for academic accommodations is February 22, 2021. In order to apply for academic accommodations, students may submit the appropriate documentation to education@cbvinstitute.com.

For more information, please see CBV Institute’s Examinations webpage.

ATTENTION STUDENTS: UPCOMING WEBINARS

February 8th for mandatory courses and February 9th for elective courses

Students are encouraged to attend their course webinar however attendance is not mandatory. York University has already sent a webinar invite. If you have not received the invite, please check your junk folder before contacting cicbv@yorku.ca. The webinar will be recorded and uploaded to the Moodle course page.

CALL FOR EXPRESSION OF INTEREST TO SERVE ON BOARD OF DIRECTORS

We will hold our election of Directors to the Board of Directors during our Annual Meeting of Members on June 14, 2021. The Governance and Nomination Committee of the Board assumes responsibility for the nomination of suitable candidates for election to the Board of Directors in addition to Members elected in respect of a Region. This year, there is one At-large Director seat up for nomination by the Governance and Nomination Committee. At-large Directors serve for a three-year term.

If you are interested in exploring a Board of Director’s leadership opportunity through an At-large Director nomination by the Governance and Nomination Committee, please click here to access CBV Institute Board of Directors Notice which details the information on the role of the Board Director, current Board and Committee and Advisory Council structure, time commitments, and desirable Board competencies.

For the 2021 – 2024 At-large Director nominations, the Governance and Nomination Committee has prioritized the following attributes in order to strengthen the Board in alignment with CBV Institute needs:

• Individuals with a diverse range of experience
• Individuals who are leaders in their practice
• Individuals who work at small/mid-sized firms and/or serve small/mid-sized markets
• Individuals with experience in innovation, governance and change management.

In order to be considered by the Governance and Nomination Committee, please express your interest by following the application process detailed in the Board of Directors Notice by January 31, 2021.

The Governance and Nomination Committee will identify candidates whose qualifications and experience align with the current needs of CBV Institute. Identified candidates will be asked to complete a self-assessment matrix form and go through an interview process before a final selection is made. An expression of interest does not guarantee that the candidate will be selected for nomination by the Governance and Nomination Committee this year. However, your expression of interest may be retained for consideration in the future. We thank you for considering this opportunity to help us shape the future of our profession.

CBV INSTITUTE BOARD OF EXAMINERS  VOLUNTEERS NEEDED 

CBV Institute is seeking Members who wish to sit on the 2021 Board of Examiners. The mandate of the Board of Examiners is to approve the MQE and inform the Board of Directors of the Candidates who have obtained a passing mark on the MQE. Specifically, the Board of Examiners will:

• Oversee the overall quality of the MQE development, evaluation, and marking process,
• Review and approve the final results of the MQE,
• Report annually on the overall MQE process and results,
• Recommend improvements to the MQE development or evaluation processes, and
• Assist in the development of test bank question(s)

The Board of Examiners operates as an advisory council of CBV Institute and works closely with the Institute’s Director of Education and Accreditation and the MQE Coordinator. The Institute will strive to ensure that the practice area demographic diversity of both the students in the Institute’s Program of Studies and the Institute’s Members is reflected in the Board of Examiners. Previous exam writing or marking experience is helpful, but not necessary.

If you are interested in applying to sit on the 2021 Board of Examiners (with duties beginning in early February 2021), please contact Saam Bandari, Director of Education and Accreditation at saam.bandari@cbvinstitute.com, by Wednesday, January 27th, 2021.

NEW INTERNATIONAL VALUATION GLOSSARY OPEN FOR COMMENT

CBVs and Students are invited to comment by January 31, 2021.

We are pleased to announce the new International Valuation Glossary – Business Valuation is now available for comment. This extensive new Glossary will advance and replace CBV Institute’s Practice Bulletin No. 2 - International Glossary of Business Valuation Terms. It was developed in a joint effort with other major global Valuation Professional Organizations (VPO’s). All participating VPO’s will be moving to adopt the Glossary, including CBV Institute.

As part of our due process, an exposure draft is being released for comment to ensure this new resource meets the needs of the CBV profession. CBV Institute is committed to the highest quality of professional standards and guidance. Your feedback is an important part of achieving that goal. 

Read more.

TOP CBV UNDER 40 IN MEMORY OF DAVID CORNFIELD CA, CBV NOMINATIONS OPEN

Nominations are now open for Top CBV Under 40 in Memory of David Cornfield CA, CBV, recognizing an exceptional CBV on-the-rise in his or her 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.

Nomination Deadline: January 31, 2021

Download the nomination form 

CBV INSTITUTE RESPONDS TO IVSC's AGENDA CONSULTATION

CBV Institute has responded to the IVSC’s agenda consultation, providing feedback on the valuation topics that we believe the IVSC should pursue over the next few years – both from a standards development perspective and from a future guidance/thought leadership perspective.   The Institute’s response can be found here.

IVSC EXPOSES NEW STANDARD FOR VALUATION OF FINANCIAL INSTRUMENTS

IVSC’s exposure draft on IVS 500 – Financial Instruments is open for comment until April 19, 2021.  The proposed new standard is a significantly different approach to underpin the valuation of financial instruments, to enhance the credibility and reliability of valuations of financial instruments.

The draft standard establishes principles that will enable entities to derive fit-for-purpose valuations of financial instruments in all market conditions and circumstances, and for whatever purpose it is required, including for financial, tax and regulatory reporting.

Access the Exposure Draft materials.