VC148 Standards Without Borders: IVS, USPAP, AICPA and the Global Valuation Landscape

Alexander Aronsohn FRICS is a Chartered Surveyor with a long and wide-ranging experience of over thirty years encompassing residential asset management, commercial and residential development, rating, national and international valuation and investment. Alexander is the IVSC Technical Director and assists the IVSC Standards Review Board and the Tangible Assets Board on drafting IVS, perspectives papers, presentations, training, and articles. Prior to joining the IVSC, Alexander was the RICS Director of Technical Standards. 

Jay E. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974.  He specializes in the valuations of business enterprises and their intangible assets.  Mr. Fishman has co-authored several books, including the Guide to Business Valuations, Standards of Value, A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book. 

Sandra Tropper has been a fine art appraiser and consultant in the Washington D.C. area for more than 25 years. She holds the designation of Fellow in the American Society of Appraisers (ASA) and has a specialty in Fine Arts. She has served in numerous capacities for the organization including as Chair of the Personal Property Committee, the International Chair of Education, the Chair of Education for the Personal Property Committee, on the Board of Governors and representative to The Appraisal Foundation Advisory Council.

While her accreditation is in Fine Art, she is an instructor and developer for courses for all personal property appraisers including appraisal report preparation and the legal and regulatory aspects of appraising. other appraisal organizations, for private firms and at numerous universities.

Sandie is an AQB-certified USPAP instructor and has taught USPAP for ASA, other appraisal organizations, for private firms, and at numerous universities.

Mark L. Zyla is a Managing Director of Zyla Valuation Advisors, LLC, an Atlanta Georgia based valuation and litigation consultancy firm.  

Mark received a BBA degree in Finance from the University of Texas at Austin and an MBA degree with a concentration in Finance from Georgia State University.  Mark also completed the Mergers and Acquisitions Program at the Aresty Institute of The Wharton School of the University of Pennsylvania and the Valuation Program at the Graduate School of Business at Harvard University.  He is a Certified Public Accountant, Accredited in Business Valuation (“CPA/ABV”), Certified in Financial Forensics (“CFF”) by the American Institute of Certified Public Accountants (“AICPA”), a Chartered Financial Analyst (“CFA”), and an Accredited Senior Appraiser with the American Society of Appraisers certified in Business Valuation (“ASA”). 

Mark is the former Chairman of the Standards Review Board of the International Valuation Standards Council (“IVSC”).  He recently served on the AICPA’s Forensic and Valuation Services Executive Committee.  Mark also served as a member of the Business Valuations Committee of the ASA where he also served as a member of the Business Valuation Standards and Technical Issues subcommittees.  Mark is a member of the Faculty of the Master of Science in Finance program at the University of Texas at Austin.  In 2013, he was inducted into the AICPA Business Valuation Hall of Fame. 

Mark is a frequent presenter and author on valuation issues. He has served on the faculty of the Federal Judicial Center and the National Judicial College teaching business valuation concepts to judges.  Mark is author of Fair Value Measurement: Practical Guidance and Implementation 3rd. ed. published by John Wiley & Sons, Inc. (2020).  He is also the author of the course, “Fair Value Accounting: A Critical New Skill for All CPAs” published by the AICPA. Mark is also co-author of several portfolios related to Fair Value Measurement published by Bloomberg BNA.

Drew is a Managing Director at IJW & Co., a boutique investment bank headquartered in Montreal, Canada. He has over 37 years of experience, having valued several thousand companies for business valuation, mergers and acquisitions, corporate finance, and litigation support mandates on a global basis. He is also recognized as one of North America’s pre-eminent valuators of professional sports franchises and properties. His valuation and transaction repertoire includes NHL, MLB, NBA, CFL, English Premier League, European and semi-professional sports teams, arenas, broadcasting and naming rights, and related intangible assets.