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Outstanding Members
We wish to thank and recognize
James B. Lurie, CPA/ABV, CVA, ASA, CBA, BVAL,
CIRA
Tammy Richards, AVA, CMAP |
James B. Lurie, CPA/ABV, CVA, ASA, CBA, BVAL,
CIRA
After over 40 years in the military and business,
I’m now beginning to slow down a little to do more
fishing and spend time with my grandchildren. The
slowdown also gives me the opportunity to reflect a
little more on where our profession is and where it
may be going.
A key to the future of business valuation as a
profession is the effectiveness of our professional
organizations in raising the overall level of
professional competence among their members. Being
certified by all of the major valuation groups (NACVA,
IBA, ASA, and AICPA) I’ve had an opportunity to
observe all four in action, and I’m convinced that
NACVA has been most effective in three areas. First,
NACVA’s training programs and conferences are
outstanding not only from the perspective of
operations (they run like Disney World, and that’s a
compliment!) but from the standpoint of quality.
Second, NACVA has made a consistent effort to bring
new blood into the leadership of the organization
through offering opportunities for everyone to
participate in committee work. Finally, NACVA, through
its committees, has been a continuing advocate for the
profession with regulatory bodies and with other
organizations.
The valuation profession is going to continue to
evolve. A little over a decade ago, valuation for Fair
Value measurements did not exist as a material part of
valuation practice. Now, for many firms, it is a
dominant component of their revenue streams, and will
likely continue to grow. Just as the legal and
accounting professions have developed specialists,
business appraisers will have to develop specialized,
as well as core, competencies. Derivatively, as the
body of knowledge and complexity of valuation grows, I
believe it will be more and more difficult for anyone
to maintain a dual practice. Ultimately, the days of
the tax or audit practitioner doing a few valuations a
year as a sideline will pass.
NACVA should, and will, take the lead in pushing this
evolution toward specialization, both in pushing all
its members to a higher standard of performance (the
Japanese concept of kaizan, or continuous improvement)
and in educating the users of services to demand that
higher standard. My hope is that, as I spend less time
actually doing valuation work, I can assist the
organization in that process.
Tammy Richards, AVA, CMAP
I am humbled and honored to be recognized as an
“Outstanding Member” by NACVA. Since I joined NACVA
and earned my AVA designation in January 2007, the
members and entire staff have been nothing short of
supportive and encouraging. The diversity of the
membership has provided unique perspectives that not
only have supplemented my own experiences as a non-CPA
with an investment banking background, but have played
an invaluable role in my ongoing professional
development. As a testament to the strength of the
organization, I can truly say that I have learned just
as much from other members as I have from the courses
and seminars I have attended.
Over the years, I have had the fortunate opportunity
of becoming involved with NACVA on many levels. I have
served on the Valuation Credentialing Board,
co-chaired the Mainstream Track for the National
Conference Planning Committee and am an instructor for
the BV Fundamentals for CPAs webinar series as well as
the Mergers & Acquisitions Workshop. Throughout my
involvement in NACVA I have established meaningful
connections on both a professional and personal level
for which I am very grateful. I would like thank
NACVA, its staff and members for this recognition as
well as their continuing support.
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