Mark Your Calendar: May 7th& 8th, 2015, Atlanta, Georgia, USA

We would like to invite you to the 2015 International Valuation Forum in Atlanta, Georgia, USA on May 7th and 8th of 2015. It is jointly sponsored by Business Valuation Resources (BVR), IACVA (International Association of Consultants, Valuators and Analysts) and Duff & Phelps.
This forum will focus on valuation matters impacting the international and global valuation business. Topics have been selected with respect to both valuators and those conducting research on valuation issues worldwide. We welcome all interested parties (including governments, professors, and students) to submit papers and to attend this forum. This year's forum will be held in English. 
You will hear from experts on diverse valuation challenges, including new challenges from clients, regulators and other stakeholders.
We are expecting participants from many countries! This will be an opportunity to meet practitioners from around the globe and to make new friends - an excellent time to expand or create your international network.
Please mark your calendar if you intend to join the forum, and follow IACVA website. Hotel rooms are available at the host hotel (Westin in Buckhead, Atlanta, Georgia, USA) for $179 (plus taxes) per night until our reserved block is sold out.
For more information at +1 (630) 653 7922 or contact atlanta2015@iacva.org ! Special pricing is available for full time students and their professors.

MAPPI (Masyarakat Profesi Penilai Indonesia; Indonesian Society of Appraisers) and IACVA (International Association of Consultants, Valuators and Analysts) announce their recent agreement to work together to bring global best practices in the valuation of business interests (and intangible assets) to MAPPI's members and to work together to make Indonesia's requirements in the same area available in training materials for use by both MAPPI's members and other valuators around the globe. 
IACVA is a provider of best practices in business interests and intangible assets valuation, as well as offering professional training materials designed to prepare students to work in these areas on a world stage. Each country using the materials is tasked with preparing country specific requirements in written form. Testing and awarding of IACVA's global credential in valuation (ICVS) is completed at the country level, ensuring professionals are conversant with local requirements, international requirements, and standards such as the IVS (International Valuation Standards, issued by the International Valuation Standards Council), and global best practices. Professionals in over 50 countries hold the ICVS designation from IACVA. MAPPI has over 4850 members, and is the valuation professional association recognized by the Indonesian Government.

The Fourth International Conference on New Development of Valuation was successfully held in Beijing from December 5th to 7th in 2014.  This forum was hosted Capital University of Economics and Business (CUEB) with support from IACVA.  Over 20 delegates from IACVA joined other over 200 experts and scholars from China and various countries attended the conference. 
On December 6, Mr. Chris Mellen, Director of Continue Education of IACVA, presented the speech titled "Valuation for M&A - Fair Market Value vs. Investment Value".  In the afternoon, Mr. Bennet Kpentey, IACVA Africa Charter president, shared his experience that focuses on "Challenges and Answers in Mining Valuation".  Dr. Sung-Soo Seol from IACVA Korea charter delivered "Market Valuation of Technology Firms in KOSPI".
On December 7, Mr. William A. Hanlin, President & CEO of IACVA, presented for the conference "Quality and Ethical Practice is Key to Valuation Profession".  As the global leader and strong supporter for quality and professional practice in the business valuation field, IACVA is introducing its peer review standards for the valuation profession in the coming months. 
Prior to this conference, IACVA delegates visited China Appraisal Society and shared their experience and knowledge with CAS members as well as IACVA members in China.

The IACVA Annual World Council Meeting was held in Beijing, China on December 4, 2014. Charter and Chapter representatives from 9 countries and regions joined the IACVA Board of Directors and Executive Officers in enthusiastic discussions about reshaping the global valuation landscape in 2014 and beyond! 
At the meeting, Chairman of the Board Jim Catty announced his retirement and congratulations to our new Chairman of the Board, Jim Horvath. Since IACVA's rebranding in early 2014, International Certified Valuation Specialist (ICVS) has expanded with further international recognition.   It is evidenced by further exdending our newly established working relationship with Business Valuation Resources (BVR) and signed MOU with Indonesia Institute of Valuers.  IACVA also published its updated training materials, coupled with the launch of online examination system and a new look for the IACVA Bookstore.  Recent visit by IACVA officer to three cities in India also generated a lot of interests among the Chartered Accountants and Ministry of Corporate Affairs.

During the meeting, our online self-study hosting company introduced the ICVS E-learning course that are ready for global launch. Mr. Chris Mellen, Director of Continuing Education, introduced CPE courses to that will be available to all members soon. 
All charter leaders shared many recent success stories in their respective countries. People also brought up the challenges and problems encountered by members and charters in today's ever-changing global economy. All of them believe there still have much work do to promote business valuations to gain public trust for the profession. 
Everybody looks forward to our 2015 meeting in Dubai!

From 2011 to 2013, three international conferences on new developments in valuation were successfully held in Beijing, Wuhan and Xiamen. Many different individuals - including valuation experts from America, England and Japan as well as leaders of relevant government agencies, scholars, local valuation experts, business executives and graduate students in China - took part in the conferences and engaged in lively discussion.
The fourth International Conference on New Developments in Valuation will be held in Beijing on December 6th and 7th in 2014.  Capital University of Economics and Business (CUEB) will sponsor of this year's conference in cooperation with the Business Value Research Center of Zhongnan University of Economics and Law (ZUEL), Economic School of Xiamen University and other institutions.  Experts and scholars from around the country and from other parts of the world will present papers and theses on the latest development of valuation. Meanwhile, the committee will accept papers from both academic and practical fields, and will publish selected excellent papers.
We cordially and formally invite you to attend our conference as guests.  Details of the conference are as follows:
 
I. Themes for the Conference:

1. New developments in M&A valuation
i. The valuation of transnational M&A of enterprises 
ii. The valuation method of M&A for listed companies
iii. The valuation of intangible assets in M&A
iv. The investment value in M&A
v. The valuation of M&A of closely held companies
vi. Premium of control and discount of liquidity in M&A
vii. Purchase price allocation in M&A
viii. Other current issues in M&A valuation
2. New fields and new issues in valuation 
i. The valuation of hi-tech companies
ii. The valuation of cultural and creative industry
iii. The valuation of cyclical companies
iv. The valuation of financial derivative
v. Valuation techniques for property tax assessment and for income tax purposes 
vi. The promotion of valuation methods and skills in the age of big data
vii. The valuation of partnership, limited partnership and other special enterprises
viii. The new progress and economic efficiency of valuation principles
ix. Land, building and equity valuation in eminent domain proceedings
x. The valuation of carbon emissions
xi. Other current issues in valuation
II. Paper Submission

In association with the upcoming conference, we are inviting valuation professionals to submit essays in relation to the abovementioned topics. Essays intended for submission must be original and may not have been previously published elsewhere.
If you would like to submit an essay, please send an electronic copy (in word format) to our conference mailbox atIVforum2014@163.com before September 30, 2014. Please provide the following information:
• Topic of the essay
• Information of the author including author¡¯s name, name of the organization, position in the organization, organization address, email address, and contact number
• Essays should include the following: Title, Summary, Keywords (at most 5), contents and bibliography;
Please submit essays, in word format, through an email with an email heading including your company name and the words "Valuation Conference". 

III. Accommodation

Accommodation is not covered.

IV. Contacts

Contact unit: Faculty of Public Finance and Taxation of Capital University of Economics and Business
Contact address: No. 121 Zhangjia Road Junction, Fengtai District, Beijing, 
Postal code: 100070
Contacts: Ma Yanping (Mobile: 13601218171) ; Liang Meijian (Mobile: 18612853857)
Tel: 86-10-83952687            Email: IVforum2014@163.com

V. Conference Registration

Please complete the conference registration below and then return it by email to our conference organizing committee. We will confirm the receipt by phone or email.
Conference Registration
Name of Organization    
Company Address and zip code    
Name of attendee        Title    
Telephone number        Mobile number    
Email address    
Please complete and send the conference registration before September 30, 2014 to IVforum2014@163.com.

On May 9, 2014, IACVA joined the representatives from China, Canada, India, and Singapore in Hong Kong and participated in the World Association of Valuation Organization's Board of Director's Meeting and Annual General Meeting. WAVO is sponsoring the International Valuation and Appraisal Week from November 1st to 7th of 2014 to enhance the awareness for the valuation profession. All members are encouraged to participate.

IACVA Asian Affairs Vice-President Susan Yi spoke at a forum held by the Shaanxi Appraisal Society on April 25, 2014. The theme of the forum was "Growth, Creation and Dream". 

Ms. Yi congratulated on the Shaanxi Appraisal Society's 20th anniversary celebration and wished the forum a complete success. Continued, she then discussed current developments and future trends in the international financial and assets appraisal industry around the world. Below are the highlights from Ms. Yi’s speech:

1. Theoretical system of international business valuation.
2. Comparison of best practice and application of international business valuation.
3. Introducing business types of international business valuation.

After the speech, Ms. Yi listened to lectures given by other professionals from other institutions, shared her own experiences and discussed various appraisal matters with form participants. Afterwards, she spoke highly of the forum held by Shaanxi Appraisal Society. As a practitioner many years, she was very glad to share her extensive experience with professionals from other institutions. And she expressed that everyone together will promote the development of evaluation industry in China.

William A. Hanlin, President& CEO of the International Association of Consultants, Valuators and Analysts (IACVA), gave a lecture on "Global Affairs on Best Practice of Assets Valuation" at Capital University of Economics and Business in Beijing. Graduate students and faculty advisers from Capital University of Economics and Business attended the speech. 

Before the speech, Mr. Hanlin spoke with Ms. Wang Jingda, vice President of the school Public Finance and Taxation. Ms. Wang warmly welcomedMr. Hanlin to their school and expressed interested in establishing a long-term cooperation with IACVA on professional affairs. Mr. Hanlin offered his wish to support the teaching work of valuation, participate in classroom construction, recommend instructors to teach international class and select academic activities for instruction of students.

Based on his own practical experience, Mr. Hanlin discussed the current development situation and the future trends of the international financial and assets appraisal industry around the world. Meanwhile, he also shared some vivid and concrete cases with the students.

After the speech, Mr. Hanlin responded to students’ questions during a question-and-answer section. He praised the students for their curiosity, and expressed in attending similar lectures held by the university in the future. As a practitioner for decades, he is very glad to share his long-term and extensive working professional experience with students and to answer their questions.
Meanwhile, Capital University of Economics and Business appointed Mr. Hanlin as the Visiting Professor of School of Public Finance and Taxation for the period from April, 2014 to March, 2019.

Effective December 28, 2013, IACVA is rebranding our valuation credential as the ICVS-International Certified Valuation Specialist.  The following are intended to answer some of the most frequently asked questions about this important development.

Frequently Asked Questions (FAQ)-ICVS

1. Q.  When will I receive my certificate for the ICVS?
A. Current holders of the CVA that have been issued by IACVA will receive the new ICVS certificate anytime between January 25, 2014 and February 15, 2014. There will be no requirement for a new application.

2. Q.  Why has the IACVA professional designation changed to ICVS?
A. There are three primary reasons for this change: 

a.    The global business community demands that the business valuation profession be able to apply uniform best-practices that build confidence and trust.  After input and requests from Charter and Associate members, the Board of Directors concluded that it is timely to establish a valuation credential that is distinctly titled as an "international" certification. The ICVS clearly conveys that it is an international designation.
b.    The global financial markets have substantially matured over the last 10 years.  More and more valuation specialists are required to value businesses using "fair value" standards that have been issued by the accounting bodies.  Fair Value has become more integrated with valuation engagements for M&A as well as the settlement of controversies (partner disputes, economic damages, divorce, etc.). ICVS is an international credential that identifies the valuation professional as having both training and testing in the important areas covered by "fair value." This is especially true for the theory and techniques involving the valuation of intangible assets and intellectual property (IA/IP), which has always been an integral part of IACVA training and testing.
c.    The CVA credential originated in the U.S.A.  However, the Board has felt for a considerable time that the US core training requirements do not sufficiently address the growing need for basic valuation skills in the area of IA/IP.  The CVA will be issued by NACVA.  
d.    IACVA will continue to distinguish its international certification with the new ICVS brand.

3. Q.   I have had my CVA for many years. What date will be on the ICVS certificate?
A.  Each new ICVS certificate will have the same date as shown on the original CVA certificate.

4. Q.  I have shown "CVA" on my resume/CV for many years. Is this a problem?
A. We suggest that your resume/CV continue to show that you had earned the CVA in the past and that the ICVS is the rebranded credential.  An example:
ICVS* earned in 2008. 
*I earned the CVA in 2008 from IACVA, which rebranded the valuation credential in 2014 to be the ICVS. I continue to hold the ICVS. 

5. Q. My stationery and business cards were just reprinted with "CVA."
A.  You should reprint these items as soon as is practical in order to avoid confusion with both your clients and the public.

6. Q. My CVA has lapsed, but I wish to have the ICVS.  What steps are necessary?
A. Depending on the length of the lapse, you may be able to activate the ICVS with minimal or no additional training or testing.  However, such lapses are dealt with on an individual basis; you will need to make contact with your Charter organization to obtain or certify the requisite continuing education, and to pay your current dues.  The opportunity to reactivate your credential without an additional examination will expire in 2014. 

7. Q. How will the ICVS be received in the international community?
A. The international community has, over the last decade, come to regard IACVA as a leading valuation organization.  The IACVA members are located in more than 50 countries, with both their common and divergent needs for professional valuation services.  IACVA is a member of the International Valuation Standards Council and is also an advisor on valuation standards for the International Accounting Standards Board which promulgates IFRS.  Many of our board members and officers serve as advisors and adjunct professors for reputable professional and government agencies, associations and universities.  We have been and will continue to work with the international valuation community to shape the valuation landscape.

In addition, there has been discussion in the international community of the growing need for a truly international valuation credential.  The IACVA Board intends that ICVS will fulfill that need and be the leading global valuation credential. We believe that the timing for rebranding will never be better!

Because of the position that IACVA enjoys in the international community of professional valuations, recognition of the ICVS is expected to come quickly during 2014.  IACVA will have a vigorous campaign in 2014 to highlight the ICVS credential.

8. Q. Will fees and costs go up as a result of the rebranding?
A. No.

9. Q. Can I still call myself a CVA after the rebranding?
A. No.  Please refer to question 3, 4 and 5 above for necessary changes.

10. Q. I am a candidate for the CVA credential from IACVA.  What will be granted after I pass the exam requirements?
A. As of December 28, 2013, IACVA will only grant the ICVS to existing candidates as of that date.

11. Q.  Will IACVA continue its membership in IVSC and WAVO?
A. Absolutely!  Membership in both organizations is an integral part of being an international valuation credentialing organization.

TORONTO-(BUSINESS WIRE)-IACVA announces that, effective immediately, NACVA has withdrawn from participation in the international network of professional valuators.  IACVA and NACVA have had a collaborative arrangement since 2000. As the membership of IACVA has grown outside of the US, NACVA has not participated in the evolving requirements of valuators that operate in other international communities. Management of both organizations had attempted to negotiate agreement of future cooperation since late 2011.  Those discussions were abruptly discontinued on August 2013 when NACVA announced its intension to separate itself from the IACVA network.

NACVA (National Association of Certified Valuators & Consultants) is the largest valuation society in the United States.  Management's actions at NACVA indicate that its membership no longer believes it is important to be involved with international valuation standards and international network for collaboration that is available with other experts.

IACVA is a not-for-profit organization headquartered in Toronto and administers a society of valuation professionals (approximately 6,000 individual members).  IACVA is a member of the International Valuation Standards Council and is recognized in more than 50 countries.  IACVA enjoys collaborative relationships with international accounting standards organizations, government regulators, accountants and academicians in many of those countries.

NACVA is a for-profit organization based in Salt Lake City, established in 1991 with approximately 7,500members.  NACVA will continue to emphasize the needs of the valuation professional operating in the US.  Many NACVA members emphasize valuation for litigation engagements.

IACVA will rebrand its valuation credential to be "ICVS"-International Certified Valuation Specialist in order to recognize the additional training and testing that members have completed.

http://www.businesswire.com/news/home/20131229005002/en/NACVA-Withdraws-International-Professional-Network

http://www.fortmilltimes.com/2013/12/30/3189695/nacva-withdraws-from-international.html

http://www.accountingtoday.com/news/nacva-iacva-part-ways-69147-1.html