Mya Nguyen

To Track or Not to Track? A Warning from CFPB

In a recent statement, the Consumer Financial Protection Bureau (CFPB) issued a strong warning to firms regarding employee monitoring practices, emphasizing transparency and consent. As tracking technology advances, many companies are using tools like algorithmic scores and third-party reports to monitor staff behavior, productivity, and even potential union organizing activities. The CFPB cautions against collecting […]

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Firm Management

Marshall & Stevens Makes Its 7th Acquisition in Two Years with Equitable Value

Marshall & Stevens has announced its seventh acquisition in two years, expanding its New York presence with the purchase of Equitable Value, LLC. Founded in 2017, Equitable Value brings expertise in independent business valuations, economic damages calculations, and expert witness testimony, focusing on divorce and business litigation support, as well as gift and estate tax

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Industry News & Announcements

Bizequity’s Chief Valuation Officer Named to BVR’s Inaugural Leadership Council

Scott Gabehart, Chief Valuation Officer of BizEquity, has been appointed to the inaugural Leadership Council for Business Valuation Resources (BVR). With more than 30 years of experience in business valuation and dealmaking, Gabehart will work alongside other leaders to foster advancements within the valuation profession. Led by Chief Content Officer Elizabeth Petersen and Chief Advisory

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Industry News & Announcements

Upcoming ASA Webinar on Cannabis Business Valuation

Does Your Practice Include Valuations of Cannabis Companies? If so, this upcoming webinar hosted by the American Society of Appraisers (ASA) could be highly relevant for you in the evolving cannabis industry. Webinar: “BV548 Understanding the Emerging and Evolving Landscape in Marijuana Appraisal” With cannabis markets expanding—38 states now allow medical access and 19 states

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Industry News & Announcements

A Valuation Dilemma with OpenAI Going Private – What Is Its Value?

The recent news surrounding OpenAI’s potential conversion from a nonprofit to a for-profit entity has sparked intense discussion in the tech and finance worlds. For us as business valuation professionals, this situation presents a fascinating case study in the challenges of valuing cutting-edge technology companies. The Valuation Challenge OpenAI, the company behind ChatGPT, is considering

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Technical Resources

Valuation Automation News: BizEquity Integrates with QuickBooks Online

In a significant development for valuation professionals, BizEquity has announced a groundbreaking integration with Intuit’s QuickBooks Online. This partnership aims to simplify and enhance the business valuation process for small and medium-sized enterprises. Key highlights of this integration include: For valuation practitioners, this integration represents a valuable tool to streamline workflows and potentially improve the

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Industry News & Announcements

EY Dismissals Raise Important Questions on Ethics and Policy in Valuation Firms

Recently, Ernst & Young (EY) dismissed dozens of employees in the U.S. for attending multiple online training courses simultaneously, a move that EY described as “appropriate disciplinary action” for an ethics violation. This decision highlights a significant issue for all professional services firms: the policies governing employee behavior, especially around ethics and multitasking in mandatory

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Firm Management

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