The Canadian Institute of Chartered Business Valuators & The American Society of Appraisers is pleased to announce that they will be hosting an International Business Valuation Summit.

Wednesday October 6, 2010, 12:00 PM - 5:30PM at the Loews South Beach Hotel, Miami FL (American Salon 1)

The summit will immediately follow the ASA/CICBV Business Valuation Conference which is being held October 4 - 6, 2010. If you registered for this event you qualify for $100 off of the International Summit. Please check your registration confirmation email from the ASA/CICBV BV Conference for your unique discount code to enter when registering here.

Sessions will include:

• Keynote Speaker
• IFRS Panel
• International Assignments Panel
• International Business Valuation Practice Panel

Regular Registration - $ 375 (if registration received prior to August 31, 2010)
Late Registration  - $ 475 (if registration received after August 31, 2010)

Overview of panel presentations

International Financial Reporting Standards
IFRSs are gradually being adopted by countries around the world as the financial accounting system of choice.  Fair values estimates for financial reporting are also increasingly necessary.  What challenges and opportunities do we face as this activity escalates?  Further still, as the SEC considers moving the US financial reporting system to IFRSs, what will the implications be for companies, valuation specialists, and fair value audits around the Globe? The educational needs related to such topics will be significant and wide ranging.  Will we be ready?
Panel:
Moderator:  Greg Forsythe, Director, Deloitte Financial Advisory Services LLP (Pittsburgh, PA, USA)
Nova Chan, Partner, Advisory Division, PricewaterhouseCoopers LLP (Shanghai, China)
Jean-Florent Rérolle, Managing Director, Houlihan Lokey Howard & Zukin (Paris, France)

Issues for the Management of an International Business Valuation Assignment
Business valuations with multinational aspects introduce substantial levels of complexity that should be considered by the valuer prior to accepting an international business valuation assignment.  An understanding of these issues and how to systemically reduce the risks associated with them are integral to the decision to accepting assignments and in ensuring their proper completion.  This panel will discuss the challenges associated with international assignments, including the unique issues associated with the engagement itself, issues specific to the valuer, and will briefly explore issues in the development of weighted average cost of capital for multinational businesses.
Panel:
Moderator:  Chris Mercer, CEO, Mercer Capital (Memphis, TN, USA)
Mark Bezant, Senior Managing Director, FTI Consulting (London, UK)
John Gibson, Partner, Business Valuation Modeling, Ernst & Young LLP (Sydney, Australia)
   
Issues in the management of a successful international BV practice
As the world around us gets smaller, the benefits of establishing a coordinated international professional BV practice gets bigger.  Accounting regulators, securities regulators, taxation authorities, judicial bodies, and our clients all see value in the harmonization and convergence of regional professional bodies into an international authority  -- why would our own international practices not mirror this trend?  The potential benefits include greater marketplace clout, credibility, and brand awareness, as well as the minimization of financial, and reputational risks, and redundant activities.  Despite the benefits, the pathway to establishing a successful international BV practice is laced with unique challenges and choice.  This session/panel will discuss the virtues, challenges, complexities, implications, and models in the establishment of a successful international BV practice. 
Panel:
Moderator:  D. Jeffrey Harder, Partner, Financial Advisory, Deloitte & Touche (Vancouver, BC, Canada)
Frank Bollmann, Managing Director, Duff &Phelps (Munich, Germany)
Doug McPhee, Deputy Chair Global Valuation Services, KPMG (London, UK)
Kevin Moss, Global Leader Valuation Services, Deloitte Financial Advisory Services, LLP (Atlanta, GA, USA)

Keynote - The Need for a Global Valuation Standard Setter
Michel Prada, Chairman of the IVSC Board of Turstees
 

The conference will be held at Loews Miami Beach Hotel. Settled in the heart of South Beach, Loews offers delegates a large conference area located in the middle of all the action.

To book your guestroom reservation, please call the Hotel Reservations Department at 1.877.563-9762 and quote conference code ASAO06. This reservation code is strictly for the International BV Summit and room nights booked between October 6 and October 8, 2010. 

International BV Summit
Speakers Bios

International Financial Reporting Standards Panel
 
Greg Forsythe
Greg Forsythe is a Director in the Deloitte Financial Advisory Services LLP (Deloitte FAS) Valuation Practice and serves as Deloitte FAS’s Business Valuation Technical Specialist and Valuation Learning Leader.  As such, Greg oversees the Valuation Practice’s National Learning Initiative and leads the development of valuation technical standards and educational course content across the business and intangible asset, real estate, and machinery & equipment valuation disciplines.
Greg was a member of the AICPA’s Business Valuation Standards Writing Task Force, contributing to the AICPA’s “Statement on Standards for Valuation Services No. 1” issued on June 21, 2007, and effective for engagements accepted on or after January 1, 2008.

Greg is a member of the Appraisal Issues Task Force and the Big Four’s Inter-Firm Group, informal forums for best practices discussions related to valuation for financial reporting, and has also participated in an IASB Working Group regarding fair value measurements. 

On July 25, 2007, Greg was invited to become a Member of the FASB’s Valuation Resource Group. The Valuation Resource Group works to provide the FASB with input on potential clarifying guidance on issues relating to the application of ASC Topic 820, Fair Value Measurements and Disclosures.

In October 2008, Greg was selected by the International Valuation Standards Council (IVSC) Board of Directors to serve as a member of the newly-formed International Valuation Professional Board (IVPB). The IVSC is a Non-Government Organization member of the United Nations that works with organizations throughout the world to harmonize and promote agreement and understanding of valuation standards.  As a member of the IVPB, Greg’s primary responsibilities will be to work to develop a set of international valuation Best Practices, and support the work of the IVSC through the promotion of education and training relative to International Valuation Standards.

In October 2009, Greg became a member of the American Society of Appraiser’s Business Valuation Committee (ASA-BVC).  The goal of the ASA-BVC is to help foster growth and further development of the business valuation profession worldwide through education and administrative aid, focusing on topics such as International Financial Reporting Standards (IFRS). 

Nova Chan
Mr. Nova Chan is an Advisory Partner with PricewaterhouseCoopers China.  He currently focuses on M&A and valuation services in Mainland China.  He is a Chinese Certified Public Valuer (CPV).  He is an associate member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and a fellow member (FCCA) of Association of Chartered Certified Accountants.

He has been appointed as a member to the International Valuation Standards Board (IVSB) – the standard setting arm of the restructured International Valuation Standards Council (IVSC) since October 2008.  He is also a member of China Valuation Standards Technical Committee.  He is also a Council member of China Appraisal Society (CAS) and members to CAS Professional Responsibilities Committee, Business Valuation Committee and Accounting & Valuation Committee.

Nova has extensive experience in investment, M&A and valuation and involved in a number of large investment projects in China. He has led numerous large-scale valuation and advisory projects in a broad spectrum of industries in China.  He has reviewed thousands of valuation reports prepared by other valuation firms.  Nova has also provided valuation services to non-audit clients while providing specialist supports in relation to audits in the areas of fair-value measurement, and accumulated extensive theoretical and practical knowledge in the areas of accounting, auditing and valuation relating to fair-value measurement.

Jean-Florent Rérolle
Jean-Florent Rérolle is a Managing Director in Houlihan Lokey’s Paris office and a member of the International Valuation Professional Board. Before joining Houlihan Lokey, he was a corporate finance partner at Ernst & Young. Mr Rérolle teaches finance, valuation and corporate governance in several business schools (HEC, ESCP-EAP and Sciences Po).

He is a graduate of the Institut d’Etudes Politiques de Paris, and of HEC MBA.  He is one of the founders and a member of the board of the Institut Français des Administrateurs and the former chairman of the Société Française des Évaluateurs.

Issues for the Management of an International Business Valuation Assignment Panel

Chris Mercer
Chris Mercer is the founder and CEO of Mercer Capital, one of the leading business appraisal and investment banking firms in the nation.  Chris has been valuing businesses – and helping people buy and sell them – for more than 30 years.  He has served on the boards of directors of several private companies as well as one public company.  Chris is also a prolific author and noted authority on business valuation. 

Chris started Mercer Capital in 1982 after several years working for a regional bank and an investment banking firm, where he was the bank stock analyst. 

Chris has written eight books and more than one hundred articles.  His two latest books, Business Valuation: An Integrated Theory, 2nd Edition (with Travis W. Harms, CFA, CPA/ABV) and Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions? highlight the breadth of his knowledge and experience, ranging from densely theoretical to highly practical.  Chris is skilled at distilling complex ideas and concepts into understandable prose.

He has been speaking for many years and typically addresses national groups of business owners and directors, attorneys, accountants, financial planners, and business appraisers.  In recent years, his speaking has evolved to include not only theoretical issues but practical ones as well.  He enjoys preparing tailored, board-level and C level retreats focusing on understanding, building and realizing the value in businesses.

John Gibson
John is a partner in Ernst & Young’s Valuation and Business Modelling group in Sydney, Australia.  John has over 25 years experience in the valuation of businesses and intangible assets.  Prior to joining Ernst & Young in 1989, John worked for Coopers & Lybrand for 11 years in Toronto, Canada and Sydney, Australia.  During this period John worked in both the corporate finance and audit divisions.  His experience included clients in the retail, manufacturing, construction, media, mining and insurance industries.

John was one of the founding members of the Business Valuation Special Interest Group of the Institute of Chartered Accountants in Australia and recently finished a 5 year term as the chairman of that group.  He is a member of the Australian Valuation and Property Standards Board and a member of the Financial Markets Advisory Group of the Financial Services Institute of Australasia.

John is Member of the Canadian Institute of Chartered Business Valuators, the Australian Institute of Management, the Australian Institute of Company Directors and a Fellow of the Financial Services Institute of Australasia.


Issues in the Management of a Successful International BV Practice Panel

D. Jeffrey Harder
D. Jeffrey Harder is a Partner in the Financial Advisory Services group at Deloitte & Touche LLP where he also serves as the National Valuation Services Leader for Canada. Mr. Harder’s focus includes valuation and transaction services as well as dispute services and financial consulting. Mr. Harder is a Fellow of the Chartered Accountants and the Chartered Business Valuators. He is a Certified Management Consultant and a senior member of the American Society of Appraisers. Mr. Harder is a designated member of the Alliance for Excellence in Investigative and Forensic Accounting of the Canadian Institute of Chartered Accountants.

Jeff has over twenty five years experience in the practice of Financial Advisory Services and is involved in business and securities valuations, mergers and acquisitions, corporate finance services, dispute consulting, litigation support and investigations and financial consulting.  His assignments have encompassed a range of industries and involve companies located across North America, Europe, Asia, Australia, Central and South America and Africa.

Jeff is currently a member of the International Valuation Standards Board of the International Valuation Standards Council.  Mr. Harder is the Past President (1997 to 1998) and a Member of the Board of Directors of the Canadian Institute of Chartered Business Valuators' national Board of Directors (1992 to 1999); he is past President of the British Columbia Chapter of the Canadian Institute of Chartered Business Valuators (1988 to 1992). As well, he has served on a number of committees and task forces for the British Columbia Institute of Chartered Accountants.

Jeff has lectured on valuation, damage quantification and financing for law firms, financial institutions, the Canadian Institute of Chartered Accountants, the Canadian Institute of Chartered Business Valuators and the American Society of Appraisers.  Mr. Harder has written articles on valuation subjects for several professional publications, including CA Magazine.

Frank Bollmann
Frank Bollmann is a Managing Director of Duff & Phelps in Munich where he leads the Valuation Advisory Services Practice for Germany. He is focused on providing German and European clients with corporate finance consulting and valuation services in the area of financial reporting (IFRS), tax, intellectual property, fairness opinions and other capital measures. Before returning to Germany Mr. Bollmann gained experience in international corporate finance and valuations during many years of working in the Silicon Valley, California as well as in Amsterdam, Netherlands.

Mr. Bollmann holds an advanced degree in economics from the University in Bonn, Germany in cooperation with the University of California in Berkley. In addition to numerous speaking engagements at conferences and seminars, he taught valuation classes at the University of Cologne as well as the European Business School. Furthermore, Mr. Bollmann serves as a member of the International Valuation Standards Board of the IVSC.

Doug McPhee
Doug is Deputy Chair of KPMG’s Global Valuation Services business which comprises some 1,200 professionals in 41 countries.  He is a member of the Canadian Institute of Chartered Business Valuators, holds a Corporate Finance Qualification (CFQ) from the Institute of Chartered Accountants England & Wales and is a Member of the Professional Board, International Valuation Standards Council (IVSC).

Doug leads a dedicated team of professionals based in London dealing with a full range of complex commercial valuation issues in the context of mergers and acquisitions, divestitures, financing transactions, strategic reviews, reorganisations/restructurings, joint ventures and disputes.  He joined KPMG in Vancouver, Canada in 1991 and relocated to London, UK in 1997 where he was admitted to the partnership in 2001.  He is currently on a two year secondment to KPMG’s Qatar practice focusing on the development of their Middle Eastern Advisory practice.

Doug has extensive global valuations experience having acted for major public corporations, funds and governments in leading valuation assignments based on the ground in Africa, the Americas, China, Europe, Japan, the Middle East and Russia.

Kevin Moss
Kevin Moss is the national leader of the Advisory Services practice of Deloitte Financial Advisory Services LLP (Deloitte FAS) and the Global Valuation Service Line Leader. Deloitte FAS’ Advisory Services practice consists of six service lines: Business Valuation, Tangible Asset Valuation, Real Estate Consulting, Corporate Finance, Capital Projects Consulting, and Reorganization Services. Previously, he served as the regional managing principal for Deloitte FAS’ Southeast region.

Kevin has more than 20 years of experience in providing valuation and financial consulting services worldwide for the purposes of mergers, acquisitions, restructurings, divestitures, stockholder disputes, corporate reorganizations, financing, allocation of purchase price, and tax planning. He has also conducted business planning transaction analysis and market valuations, and has extensive experience in the analysis and valuation of equity securities, debt instruments, derivative securities, and intangible assets.

Kevin has performed business valuations for companies covering a broad cross section of industries with project types ranging from start-up venture capital investments to mature, established companies with deal values ranging from one million dollars to approximately 40 billion dollars. He has also valued a wide variety of intangible assets and intellectual property for purposes of acquisition, corporate reorganization, management consulting, pricing studies, tax planning, purchase price allocation, and loan collateral. Assets valued include technology, patents, brand names, franchise agreements, research and development, contracts, licensing arrangements, customer relationships, and workforce.

Additionally, Kevin has performed financial advisory work related to tender offers, debt financing, and security structuring. He has provided fairness opinions for boards of directors and company shareholders and has provided expert testimony. He has extensive experience in dealing with the IRS, SEC, and other regulatory and tax authorities worldwide on valuation issues.

The Need for a Global Valuation Standard Setter ~ Michel Prada Keynote Speaker
Michel Prada is the Chairman of the IVSC Board of Trustees and is retired as Chairman of the Autorité des Marchés Financiers (AMF), France, in December 2008, after five years in the post and seven years as chairman of the Commission des Opérations de Bourse (C.O.B)  Following his retirement from AMF, Mr. Prada was appointed as a member of the Financial Crisis Advisory Group set by the International Accounting Standards Board and the US Financial Accounting Standards Board to consider financial reporting issues arising from the global financial crisis.
 
He currently chairs the Board of Trustees of the International Valuation Standards Council (IVSC) and the Conseil de Normalisation des Comptes Publics (CNOCP) an accounting standards body for public authorities. He is a member of the Board of the International Centre for Financial Regulation (ICFR).

From 1966 to 1970, Mr. Prada was Inspecteur des Finances. He has subsequently served as Directeur de la Comptabilité Publique (1978), Directeur du Budget in the Ministry of the Economy (1985), Inspecteur Général des Finances (1987, 2002-2003), Chairman of the Crédit d'Equipement des Petites et Moyennes Entreprises (CEPME) (1988), Member of the Conseil Economique et Social and the Conseil National du Crédit (1994-95), and Chairman of the Commission des Opérations de Bourse (COB) (1995).  Mr. Prada was Chairman of the Executive Committee of the International Organization of Securities Commissions (IOSCO) between 1996 and 1998, and also Chairman of the Technical Committee (September 1998 to May 2000; reappointed October 2005).

He has been the Chairman of the Board of the Orchestre de Paris and of the Board of the Institut d'Etudes Politiques de Bordeaux.  He has been awarded the titles of Commander of the "Légion d'Honneur" and Great Officer of the "Ordre National du Mérite" and is also Chevalier of the "Ordre National des Arts et Lettres".