2023 Fair Value Virtual Conference - Winter
- Registration Closed
More About This Event
ASA Member Price: $250 | Non-Member Price $350
Thursday, December 7, 1:00 - 5:20 PM EDT
The ASA Fair Value Conference offers a premier educational opportunity, gathering the profession’s thought leaders to spotlight the latest developments and trends in fair value. Check out the Agenda tab for a schedule and detailed list of presentation topics.
This event offers up to 5 hours of ASA CE and CPE credit in Specialized Knowledge.
Conference Chair
Raymond Rath, FASA
Managing Director
Baker Tilly US, LLP
Conference Session Platform
This virtual conference is being held via Zoom. Please be sure to review Zoom's System Requirements. See the Event Access tab to join the live virtual conference after registering.
Agenda
1:00 - 1:15pm
Welcome & ASA Update
Ray Rath, FASA, CFA, CEIV | Managing Director - Transactions & Financial Advisory | Baker Tilly US, LLP
Johnnie White, MBA, CAE, CMP Fellow | CEO/Executive Vice President | ASA
1:15 - 1:45pm
Performance Framework Update
Marianna Todorova, CFA, CPA/ABV | Managing Director | Kroll
Mark Smith, JD, CPA | Director - Valuation Services | AICPA
The Mandatory Performance Framework (MPF) for the Certified in Entity and Intangible ValuationsTM (CEIV) Credential was issued in 2017. Join us for a discussion of the future of the MPF following the recent sunset of the CEIV credential.
1:45 - 2:45pm
AICPA Business Combination Guide Update
Mark Zyla, ASA | Managing Director | Zyla Valuation Advisors, LLC
Gary Roland, CPA, CFA, CEIV | Managing Director, Kroll, LLC
Mark Edwards, CPA, CFA, ABV | Partner, Valuation Services, Grant Thornton
The moderated panel ( which developed the AICPA Accounting and Valuation Guide, Business Combinations) will discuss important changes made to the guide, in response to comments. The panel will also provide closing thoughts and main takeaways from the Guide which will be finalized soon.
2:45 - 2:55pm
BREAK
2:55 - 3:55pm
Understanding the Audit Process for Testing Fair Value Estimates
Amanda Miller, Ph.D. | Managing Director, EY
Auditors are required to test fair value measurements and other estimates used in the Company’s financial statements. In addition, for many companies, auditors are required to test the company’s controls over the process for developing the estimate. When the audit is testing controls, it is important that management take ownership of the analysis – not doing so could lead to an internal control deficiency. Third-party valuation specialists need to be aware of these requirements and know how to work effectively with the core audit team and the auditor’s valuation specialists. This session will present an overview of the audit process and provide tips for helping clients ensure a smooth audit.
3:55 - 4:55pm
Determining Discount Rates and Volatility for Contingent Consideration
Vincent Covrig, Ph.D., CFA | Principal | Crowe LLP
The presentation will cover: the need for metric discount rate and volatility for contingent consideration; determining the EBITDA/EBIT discount rate; determining the Revenues/Gross Profit discount rate; determining the EBITDA/EBIT volatility; and determining the Revenues/Gross Profit volatility. Practical examples will be provided.
4:55 - 5:20pm
Company Specific Risk Premium Update
Christopher Armstrong | Principal | KPMG LLP
Agenda subject to change.