Giving a Voice to Our Boards, Commissions, and Membership

Two years ago, NACVA established its first ‘commission’ to put a keen eye on the rapid expansion and encroachment of Artificial Intelligence (AI) into our work and our daily lives. It is the AI and Machine Learning Commission (AIMLC). Soon into their mission to support the members of our Association and take a leading role in the profession, the AIMLC determined they needed to put out an advisory to the membership providing guidance on how they should approach and deal with AI in their practice and execution of business valuation services. The question was, what form does this communication take? Previously, and for 33-years running (we are now celebrating 35 years), all directives coming from the Association took the form of standards updates, standards FAQs, or articles published in the Association News, weekly QuickRead, or The Value Examiner. So, after much discussion and collaboration with all of our boards we decided to create a new platform for putting out advisories to members which is titled “Advisory Brief (AB)” and defined it accordingly, that can be found here. It is to be distinguished from being a practice aid (PA) as an ABs main goal is to help the member decide what to consider or how to think about an issue, whereas a PA is to help the member perform or document work.