Resources for Business Valuation Appraisals

Business Valuation Briefs

The Business Valuation Resource Panel is developing a series of Valuation Briefs. These briefs are intended to provide a practical discussion of valuation issues that may be of interest to clients or the public at large. They are not intended for other valuation contexts, nor to provide formal guidance or authoritative standards or commentary.

Understanding the Differences: Conclusion of Value vs. Value Calculations

In this Valuation Brief, the authors seek to provide clarity regarding the differences among each assignment’s scope of work and the various forms of reports available to meet the requirements specific to a given valuation. They summarize the relevant business valuation standards provided by the appraisal standard setting and credentialing organizations and provide practical suggestions for valuation professionals and their clients on best practices.

Business Valuation Organizations

Below are some helpful links to organizations that are related to the business valuation discipline.

This listing is not intended to be exhaustive, but a sampling of relevant organizations. Contact these organizations for more information that will help you in your day-to-day practice.

Sponsors of The Appraisal Foundation
American Society of Appraisers
Royal Institution of Chartered Surveyors

Valuation Professional Organizations 
American Institute of CPAs
AICPA Forensic and Valuation Services 
CBV Institute 
National Association of Certified Valuators and Analysts 

Related Professional Organizations
CFA Institute 
The ESOP Association 
International Private Equity and Venture Capital 

Non-member Standard Setting Organizations
The Appraisal Foundation
International Valuation Standards Council  
Financial Accounting Standards Board  
International Accounting Standards Board 

U.S. Government Entities
The Appraisal Subcommittee 
Internal Revenue Service 
U.S. Securities and Exchange Commission 

Appraisal Issues Task Force 

The Appraisal Issues Task Force (AITF) is a voluntary group of valuation professionals who specialize in the field of valuation for financial reporting and who seek to improve the practice.  The Financial Accounting Standards Board (FASB) and the U.S. Securities and Exchange Commission (SEC) are increasingly looking for information regarding Fair Value or Fair Market Value, yet there is a lack of authoritative guidance on best practice in these areas.  The AITF is designed to help establish and interpret existing rules specific to valuation for financial reporting. Further, it works with the FASB and the SEC to evaluate proposals and recommend methodology, assumptions, and approaches.  This is an industry-wide consortium, and everyone's views are important and welcome.  The AITF usually meets annually in Washington, DC in January, May and September. 

The Appraisal Foundation provides administrative support to the AITF. For more information on AITF membership, please contact Jalin Debeuneure at [email protected].

In 2006, the AITF developed the following resource for Business Valuers
 Illustrative Valuation Issues as developed by the Appraisal Issues Task Force (AITF).

Business Valuation Resource Panel

The purpose of the Business Valuation Resource Panel (BVRP) is to provide a permanent assembly of representatives from diverse sub-specializations within the business valuation discipline so The Appraisal Foundation's Board of Trustees:   

• has a centralized ongoing communication with representatives from the business valuers; and

• benefits from information, advice and recommendations on relevant business valuation issues.

Activities of the BVRP include the agenda development for the Business Valuation Roundtable series, work with The Appraisal Foundation Consumer Affairs Committee, and other special projects.

The BVRP is currently composed of 12 members. 

BVRP Members

For any questions please contact Aisha Ahmad.