October 2024

2024 NADC Fall Conference: Key Insights for Auto Dealership Valuation Professionals

As the 2024 National Automobile Dealers Association (NADC) Fall Conference wraps up, we at Valuation Practice are excited to share valuable insights that are directly applicable to our community of business valuation professionals, particularly those practicing in mergers and acquisitions (M&A) and the auto dealership sector. This year’s event brought together a diverse group of […]

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Editors Pick, Industry News & Announcements

2024 ASA Litigation in Valuation Conference

Are you planning to attend the upcoming 2024 Litigation in Valuation Conference, hosted by the American Society of Appraisers (ASA)? This virtual event, scheduled for Thursday, November 21, 2024, from 1:00 PM to 5:15 PM ET, promises to be an invaluable opportunity for valuation professionals involved in litigation support. Conference Highlights Expert-Led Sessions The conference

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Editors Pick, Industry News & Announcements

Citrin Cooperman Expands Connecticut Presence with Teplitzky & Co. Acquisition

In a significant move that underscores the ongoing consolidation trend in the accounting industry, New York-based professional services firm Citrin Cooperman has announced its acquisition of Teplitzky & Co., a well-established accounting and consulting firm based in Woodbridge, Connecticut. Key Details of the Acquisition Strategic Implications This acquisition marks a significant expansion of Citrin Cooperman’s

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Industry News & Announcements

Consider Using FactSet for Your Valuation Practice? Here’s Some Useful Pricing Information

Many boutique valuation firms use DealStats as their main source of transaction analysis. However, for members that deal with larger clients or even public company clients, FactSet may be more useful compared to DealStats. Some of the situations where FactSet may be more useful compared to DealStats are: How Much Does FactSet Cost? It’s important

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Firm Management

Is Micromanagement Always Bad? Insights for Valuation Leaders

Micromanagement often gets a bad rap. In many industries, it’s seen as a sign of distrust or lack of leadership, where overly controlling managers stifle creativity and autonomy. However, Airbnb CEO Brian Chesky recently shared a different perspective, suggesting that micromanaging—when done correctly—can be a powerful tool for maintaining high standards, especially during periods of

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Firm Management

For Partners of Independent Business Valuation Firms, Do You Have a Succession Plan In Place?

As an independent business valuation firm partner, you’ve dedicated your career to helping businesses understand their true worth, plan for the future, and transition smoothly. But have you taken the time to plan for the future of your own firm? Succession planning is critical for partners of independent business valuation firms. A well-thought-out strategy ensures

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Firm Management

10 Engaging Newsletter Topics for Valuation Firms to Use

Creating a client-focused newsletter is an excellent way for valuation firms to showcase expertise, keep clients informed, and attract new business. Here are 10 valuable topics that valuation firms can incorporate into their newsletters to engage current clients and attract new ones: Share insights on the latest trends in business valuation, including market factors, industry

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Editors Pick, Growth Marketing

RSM US and RSM UK in Talks for Transatlantic Merger

RSM US and RSM UK, both major players in assurance, tax, and consulting services, are in advanced discussions regarding a potential transatlantic merger. This merger is designed to strengthen the global capabilities of both firms, offering enhanced services to their clients across international markets. If successful, the combined entity will operate across the US, UK,

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Industry News & Announcements

Microsoft Copilot Wave 2 Announcement – Can It Be A Game Changer for Valuation Professionals?

Microsoft recently announced in a live event called “Microsoft 365 Copilot: Wave 2“, it announced the roll-out of its second wave of updates to Copilot, its AI-powered assistant for Microsoft 365 apps, with promises of making workflow automation easier and more efficient. Some of the new improvements or features announced are summarized below. Microsoft has

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Editors Pick, Technical Resources

Mark Koziel Named Incoming CEO of AICPA & CIMA, Effective January 2025

The Association of International Certified Professional Accountants (AICPA & CIMA) has announced the appointment of Mark Koziel, CPA, CGMA, as its incoming CEO. Koziel will take the helm of the organization beginning January 1, 2025, following a transition period. This appointment comes after a comprehensive global search to find a successor to Barry Melancon, who

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Firm Management