RE-EXPOSURE DRAFT RELEASED

CBV Institute has released a Re-exposure Draft concerning proposed revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130). This is the second exposure draft on this topic and is an update to the exposure draft dated June 3, 2021. This Re-exposure Draft contains proposed changes which impact all valuation conclusions and reports, including Calculation Valuation Reports.

All comments must be submitted by September 30, 2022.

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COMMITTEE, COUNCIL & TASK FORCE VOLUNTEERS NEEDED

CBV Institute is searching for CBVs to serve on our Board Committees, Advisory Councils, and a Sustainability Task Force. Individuals who participate on committees and councils gain valuable governance experience and networking opportunities that can help advance their careers. Participants also receive the opportunity to shape Institute policies and decisions to guide the Institute into the future.

We are looking to fill positions on the following committees and councils:

• 2023 Congress Planning Committee
• Accreditation Committee
• Board of Examiners
• Conduct and Discipline Committee
• Continuing Professional Development Committee
  

Information on committee and council responsibilities can be found here.

If you are interested in any of the above, please reach out to Judy.Justice@cbvinstitute.com indicating which you are interested in. Please include a current CV. The deadline to apply is July 15, 2022.

In addition, CBV Institute is looking for volunteers for our standing Sustainability Task Force. This group will meet regularly to discuss ongoing developments in sustainability and its impact on the valuation profession. The Institute is looking for diversity of thought on this topic and is interested in hearing from Members working in public practice, public equities, investments, banking, and public issuers. Members who are interested in this opportunity can contact Catalina Miranda, Director of Professional Practice, at Catalina.Miranda@cbvinstitute.com, by July 15, 2022. When indicating your interest, please provide one-two points explaining how you have been involved with sustainability so far.

CBV NEWS TO GO BI-WEEKLY

Starting on July 13, 2022, CBV News will be transitioning to a bi-weekly schedule for the duration of the summer. CBVs and Students will receive CBV News on July 13, July 27, August 10, August 24, September 7, and September 21.

If you have any questions about this revised schedule, please contact Kevin.Floether@cbvinstitute.com.

AWARDS & HONOURS CEREMONY 2022 – VIDEO AVAILABLE

Did you miss our 2022 Awards & Honours livestream on YouTube last week? Not to worry – we’ve got you covered.

Watch the presentations here...

IFRS CONSULTATION ON NEW SUSTAINABILITY STANDARDS

Developments in sustainability standards continue to unfold internationally at a rapid pace. The IFRS Foundation’s new International Sustainability Standards Board (ISSB) has recently issued an exposure draft containing two new proposed standards.

Valuation and value creation is at the heart of the new disclosure standards. A key feature of the standards is a focus on enterprise value (EV), a concept that is central to the CBV profession. The disclosures are meant to allow investors to assess the effect of significant sustainability-related risks and opportunities on a company’s enterprise value. CBVs are uniquely positioned to make the link for their clients between the impact of various risks and opportunities, including ESG, on EV.

Members are encouraged to review the proposed standards and share any feedback with the Institute via email to catalina.miranda@cbvinstitute.com, by July 15. CBV Institute remains engaged with Financial Reporting & Assurance Standards Canada (FRAS) on this important development in financial reporting.

These disclosure standards are:

• IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information
• IFRS S2: Climate-related Disclosures

More Information…

REGIONAL ROUNDTABLES & INSTITUTE UPDATE

Join CBV Institute President & CEO, Christine Sawchuk, Director of Professional Practice, Catalina Miranda, and your Regional Director for an intimate roundtable and update on Institute initiatives. We are very interested in hearing your views and feedback on activities and progress in the profession.

To register for these free events, click on your region above. Registration is limited to 35 for each, so register early to secure your spot.

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