Program Focus
Business appraisal review is a critical component of every business appraiser’s practice. No firm can risk being caught unaware of quality assurance problems. Customer demands, potential penalties and sanctions and loss of business, are real possibilities in this era of heightened focus on professional responsibility.
This Group-Live course, and the associated accreditation, ensure that practitioners and firms are equipped to optimize the quality of business appraisals produced by firm associates. The course teaches an innovative appraisal review and quality assurance procedure, and, upon successful completion of the course, examination and business appraisal review report (all administered and completed during the class session), participants may qualify for the Accredited in Business Appraisal Review (ABAR) accreditation from the Institute of Business Appraisers.
What You Will Learn
Participants are presented with an appraisal review outline and rubric, as well as a template for a business appraisal review report. Participants learn the techniques of business appraisal review in small group breakout sessions facilitated by expert ABAR-accredited instructors. After completing the workshop, participants will be able to:
- identify the best practices for reading appraisal reports
- articulate the legal and evidentiary elements that comprise a credible report
- compare and contrast the standards for appraisal review adopted by the business appraisal membership associations
- list the nine steps that are required to be covered in a business appraisal review report
- present an oral summary of the appraisal review report as a team member
- criticize constructively the oral and written testimony of other experts
- write all the elements of a complete business appraisal report
- identify the continuing education opportunities available and necessary for accredited review appraisers
Daily Schedule
Day 1
AM
* Presentation of business appraisal review procedures
* Review of business appraisal standards—all organizations and USPAP
* Discussion of pre-reads: journal articles; best practice
* Presentation of a nine-step rubric of elements of business appraisal review
PM
* Distribution of first (of three) case studies
* Division of class into breakout teams
* Breakout teams begin analyzing case study—instructors facilitate team meetings
Day 2
AM
* Final preparation for team presentations of first case study
* Teams present first case study—each team presents on an assigned selection of the nine steps
* Other teams observe presentations and ask questions
* Instructors debrief process
PM
* Continue presentation of elements of business appraisal review
* Division of class into new small teams
* Assignment of second case study
* Instructions to teams for second team presentations—selection of the nine steps and one written section of business appraisal report
* Teams analyze case study and prepare for presentations
* Teams e-mail written report assigned portion to instructors
Day 3
AM
* Final team preparation for presentations
* Teams present second case study
* Teams discuss presentations, instructors debrief and facilitate
* Instructors discuss review of written reports portion (that instructors had analyzed the night before)
* Instructors present sample business appraisal report
* Assignment of final case study to small teams (teams stay intact from Day 2)
PM
* teams analyze final case study and prepare for presentations Day 4 AM
* Individually, team members begin preparation of their final business appraisal review report
* Final exam administered 5:30–7:30 PM
* Instructors grade the exams
Day 4
AM
* Final team preparation for presentations and individual work on business appraisal review report
* Teams present final case study—instructors debrief
* Team members continue work on individual business appraisal review report
PM
* Presentation and discussion of practice development and management activities
* Discussion of IBA committee structure for support of ABAR accreditation
* Team members submit individual business appraisal review report
* Closing and dismissal
Development and Instruction Team
The Business Appraisal Review Accreditation Workshop was created and is taught by Frank Rosillo, CPA/ABV, CBA, CVA, CFE, BVAL, ABAR, Howard A. Lewis, ABAR, AVA, and Aaron T. Caya, CPA, ABV, CVA, CFF, ABAR. Mr. Rosillo is the Managing Director of The Valuations and Forensics Advisory, LLC, located in Miami, FL. His expert witness experiences include cases in federal and state courts, and he is a frequent lecturer and trainer in valuation and forensics topics. Mr. Lewis is the Executive Director of the Institute of Business Appraisers. Prior to his retirement, he was the National Program Manager of the Engineering and Valuation Program of the IRS, where he implemented the first business valuation standards. Mr. Caya is a director in Doeren Mayhew’s Litigation Support and Forensic Services Group. He has been qualified as an expert witness and has testified in a number of forums including trials, arbitration, and depositions.
Prerequisites:
Education
Attendees interested in attending IBA’s workshop Business Appraisal Review Accreditation Workshop should have a bachelors degree or equivalent with exposure to accounting, finance, economics, and business writing.
Experience
This training is geared towards the seasoned practitioner. Attendees should have a working knowledge of the IRS Revenue Ruling 59-60 and the three main approaches of business appraisal. This workshop and associated designation will be of particular interest to accredited business appraisal practitioners (CBA, CFA, CVA, AVA, ABV, ASA) interested in advancing their appraisal skills and developing new business opportunities, accredited practitioners acting as expert witnesses, senior practitioners in charge of appraisal staff, and valuation practitioners representing clients before the Internal Revenue Service and other regulatory agencies. Less seasoned practitioners are also welcomed, because this workshop will broaden their perspectives and tune their skills for working effectively with business appraisal professionals. Attendees who complete the 4 day 1044 course will receive 32 CPE credits.
Advance Preparation
Prior to taking this course, students will be sent pre-workshop reading assignments.
Pricing 2010
2010 Package Pricing
(Before early registration discounts.)...........Non-Member.............Member
Four-Day Workshop....................................$2,400....................$2,160.00
ABAR Exam, Grading, and Peer Review Fee........$595.......................$595
Cancellations
Cancellations received by IBA in writing two weeks prior to the first day of the program will be eligible for a prompt refund less a $100 administration fee. Cancellations received less than 2 weeks prior to the first day of the scheduled event will be issued, upon request, a credit voucher which may be used towards another seminar, symposium, self-study course, software or other product sold by IBA or NACVA/CTI. For more information regarding refund, complaint, and/or program cancellation policies, please call our Director of Member Services at (800) 299-4130 or e-mail hqiba@go-iba.org. Education packages are not refundable, and publications received as part of an education package or for IBA courses are not subject to refund.
NASBA Sponsorship
The Institute of Business Appraisers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: http://www.nasba.org/
Program Level: Advanced
CPE credits: 32 Specialized Knowledge and Applications
To Order
Add this item to the Cart and continue to the checkout process or contact Member Services at (800) 299-4130 or e-mail hqiba@go-iba.org.
