2023 ASA NY Fair Value Conference

ASA Member Price: $250 | Non-Member Price $350

ASA’s Fair Value Conference is back in person and online. You have the option to sign up for a virtual or in-person seat when registering. Don't miss this premier educational opportunity, gathering the profession’s thought leaders to spotlight the latest developments and trends in fair value. This event offers up to 7.2 hours of CPE credit.

Onsite registration is no longer available, however we look forward to having you join us virtually.     

Conference Location
EisnerAmper
733 Third Avenue, New York, NY 10017

Conference Chair
William Johnston, ASA | Empire Valuation Consultants

Conference Sponsors

Conference Location

(For In-Person Registrants)

EisnerAmper
733 Third Avenue, New York, NY 10017

*Note: ID is required to enter the building.

9:00am - 9:15am
Welcome/Introductions
William Johnston, ASA, CEO & Senior Managing Director | Empire Valuation Consultants

9:15am - 10:30am
Big 4 Leadership Panel
Myron Marcinkowski, Managing Director/North American Leader of Valuation Services | Kroll Inc.
Josh Putnam, Principal | Ernst & Young LLP
Manish Choudhary, ASA , Partner | Deloitte
Martin Mazin, Partner, Valuation & Business Modeling Services | KPMG
Adam Smith, ASA, Managing Director | PricewaterhouseCoopers

This panel will discuss a variety of topics that are currently impacting practitioners.

10:30am - 10:45am
BREAK

10:45am - 12:15pm
ESG: Over Sold, Over Hyped and Over the Top
Aswath Damodaran, Professor of Finance | Stern School of Business at New York University

ESG (Environmental, Social and Governance) has become the hottest concept in business, with consultants, bankers and investors all looking to it, as the magic bullet. Along the way, it has brought with it some of the emptiest concepts in business, with sustainability taking a lead role. In this session, I argue that the concept is not just flawed, but fatally so, for many reasons. First, “goodness” is in the eye of the beholder, and assuming that ESG services can somehow find consensus on society’s most debated questions is not delusional but dangerous. The defense that ESG services offer that ESG measures risk or materiality is revisionist history, an after-the fact reframing to cover ESG’s failure. Second, the notion that being “good” will make companies more “valuable” is an assertion, not proof in itself. In fact, there is little evidence that being good makes companies more profitable and valuation, though there is some evidence that “not being bad” can be a risk-reducing strategy. Third, the promise that investing in good companies will deliver higher returns is just that, a promise, and the evidence on the link between ESG and returns is weak. In fact, almost all of the payoff from the ESG factor seems to come from tech companies looking better on ESG factors. 

12:15pm - 1:15pm
LUNCH

1:15pm - 2:15pm
Valuations in Private Equity
Craig TerBoss, Partner Corporate Finance Group | Eisner Advisory Group LLC
Joshua Cherry-Seto, Partner & CFO | StartUp Health
Carla Nunes, Managing Director – Valuation Advisory Services | Kroll, LLC
Irina Gershengoren, Partner – Financial Services | EisnerAmper LLP

The panel will discuss the role that valuations play in financial reporting for private equity, how that role has changed in recent years and what it may look like in the future.  

2:15pm - 3:15pm
Estimating Technological Obsolescence
Mike Pellegrino, President | Pellegrino and Associates

3:15pm - 3:30pm
BREAK

3:30pm - 4:45pm
Key Takeaways from the Business Combination Guide
Adam Smith, ASA, Managing Director | PricewaterhouseCoopers
Mark Edwards, CPA, CFA, ABV | Partner, Valuation Services, Grant Thornton

4:45pm - 6:00pm
Networking Cocktail Reception

Agenda subject to change.