Chief Operations Officer’s Report | 2020:The Year in Review—Fourth Quarter 2020
Powering into the year ahead and those beyond it we exit 2020 stronger and with laser focus intent to consciously pursue our goals to:
- Attain and disseminate knowledge
- Develop better theory
- Promulgate professional and ethical standards of practice
- Foster strategic alliances within the accounting, legal, academic, regulatory, and business communities
- Engage the public and professionals to find qualified analysts through our public directory
- Expand benefits and services to our members and the profession at large
Thanks to our global constituency!
If you are not engaged with us, you should be. We are dedicated to your success. Contact us.
If you are not a member, we invite you to join us.
#12 | Academic Achievements
Fostering strategic alliances within the academic community is central to our mission. Addressing urgent fraud, cyber, and ethics issues brought to the forefront in the wake of the global COVID-19 pandemic, NACVA|CTI co-sponsored content building and the virtual delivery of the Dayton Fraud, Cyber, and Ethics Conference with the University of Dayton Center for Cybersecurity and Data Intelligence, Axium Consulting, the Behavioral Forensics Group, LLC, and ACFE SE Ohio. The event will be repeated in October 2021.
I am honored to share the news that in 2020 I began a two-year term as Vice President for Practice for the Forensic Accounting Section of the American Accounting Association. During my tenure, I will collaborate with worldwide institutions of higher learning to bridge academia with practice and to cultivate opportunities for students to find promising career opportunities in our profession. Contact me at BrienJones@NACVA.com if you are interested in “paying it forward” and assisting me with this future-forward initiative. I welcome your support.
#11 | The Value Examiner®
Twelve-time APEX Award recipient for publishing excellence. First received in 2007, The Value Examiner has received this award each year consecutively from 2010 to 2020.
#10 | GACVA Advisory Council Centralizes International Support
Comprised of leaders from our international chapters, the Advisory Council’s objectives will build upon the momentum and successes of the individual chapters. They will focus leadership to collaborating on global credential designee and membership growth, continuing education programs, international valuation standards issues, interpretations, and training, among others.
Around the Valuation World, International launches January 25th
An exclusive member benefit, Around the Valuation World, the live, monthly webcast will be produced by the GACVA Advisory Council. It will feature influencers and experts providing technical guidance and insight to international valuation issues.
January 25, 2021 | Pablo Fernández
Professor of Financial Management, PricewaterhouseCoopers Chair of Corporate Finance | IESE Business School, University of Navarra
February 22, 2021 | Carla Nunes
Managing Director, Office of Professional Practice, Global Leader – Valuation Digital Solutions | Duff & Phelps
March 29, 2021 | Matthias Meitner
Prof. Dr., Managing Partner VALUESQUE
April 26, 2021 | Anamaria Ciobanu
Professor of Finance, ASE BUCURESTI, Faculty of Finance, Insurance, Banking and Stock Exchange; Senior Manager, Valuation Services, KPMG
#9 | State Chapter Successes
Our state chapter leaders quickly adapted from live in-person events to interactive virtual events and saw some of the highest levels of participation than ever before. Localized continuing education and meeting up with members on a state-by-state basis continued without interruption, with increased engagement. NACVA’s state chapter presence grew with the launch of our newest chapter in Houston, along with appointing six new state chapter presidents in Florida-North, Georgia, Louisiana, Ohio-North, Tennessee, and Houston (see ). Get involved with your state chapter or volunteer to get one started. HQ Contact: Jonathan Jackson, Executive Director
#8 | NACVA Honors
Continuing our long-standing tradition of honoring support to the association and global profession, we salute the esteemed list of 2020 honorees.
- 40 Under Forty
- Thomas R. Porter Lifetime Achievement Award
- Faculty Awards | Circle of Light, Instructor of the Year, and Instructors of Exceptional Distinction
- Outstanding Members and State Chapter Leadership
- Governance Board Members | Executive Advisory, Ethics Oversight, Litigation Forensics, Standards, Valuation Credentialing
#7 | Online Campus
We clearly now live in a digital world. Continuing education delivery is no exception. Through live, online webinars, online broadcasts, and our growing CPE On-Demand Library, once purchased they become part of your Online Campus giving you on-demand, 24/7/365 access to video and audio lectures, curriculum and training aids, and CPE certificates of attendance.
#6 | Niche Training—Certificates of Educational Achievement (CEA) Training Programs
Ask any leading expert their opinion on how to build and grow a thriving practice and they will tell you to, “Specialize! Specialize! Specialize!” Thirteen individual and specialized CEA programs were launched or significantly updated in 2020 through NACVA|CTI ‘s Online Campus. Each program provides up to 14 hours of practitioner-centric, NASBA QAS compliant CPE, and a Certificate of Educational Achievement in specialized areas of practice. Developed and taught by NACVA’s expert faculty, these courses are available on-demand, 24/7/365 individually or through an Annual Unlimited CPE On-Demand subscription.
Essentials of Business Valuations
Essentials of Financial Litigation
Financial Litigation Clinic—Bankruptcy, Insolvency, and Restructuring
Financial Litigation Clinic—Business and Intellectual Property Damages
Financial Litigation Clinic—Business Interruptions and Lost Profits
Financial Litigation Clinic—Business Valuation in Litigation
Financial Litigation Clinic—Commercial Damages and Lost Profits
Financial Litigation Clinic—Conducting Fraud Investigations
Financial Litigation Clinic—Matrimonial Litigation
Financial Litigation Clinic—Personal Injury
Financial Litigation Clinic—Wrongful Death
Four Pillars of Healthcare Valuation
Transaction Advisory Services (TAS) Workshop
Additional specialized CEA programs being launched in 2021: Cannabis Valuation; Cybersecurity Mitigation; Digital Forensics; Financial Forecasting and Modeling; Growing Company Value.
#5 | HQ Staff
Chin up! We commend our highly skilled and talented HQ staff for maintaining our legacy of world-class customer service and support. Together we navigated the global pandemic, transitioned to home-based workplaces, reengineered our operations, endured an earthquake, arctic superstorm, and a season of raging wildfires. Kudos to a job well done!
#4 | CVA and MAFF Remote Proctored Exams
As a result of widespread quarantine and social distance measures, thousands of testing centers closed worldwide, leaving no options for CVA and MAFF credential candidates to complete certification exams. The CVA is accredited through both the National Commission for Certifying Agencies (NCCA) and the American National Standards Institute (ANSI). Accordingly, we were faced with only one option—to seek approval from our accrediting bodies to offer live remote proctoring. We met the stringent criteria, received provisional approval, and implemented strict protocols to be able to securely offer the CVA and MAFF certification exams remotely from anywhere there is an internet connection.
#3 | Standards and Ethics Resources
Our Ethics Oversight and Standards Board members have been busy developing resources to benefit our membership, credential designees, and global profession. Visit www.NACVA.com/Standards to access these resources.
- NEW | Articles on Ethics
- NEW | Industry Standards and Ethics Video Bulletin
- UPDATED | Litigation FAQs
UPDATED | Non-Litigation FAQs
UPDATED | North American and International Business Valuation/Appraisal Standards Comparison Charts
Hear it Here…First®! International Valuation Glossary – Business Valuation
In a joint effort with several global Valuation Professional Organizations (VPOs), the Canadian Institute of Chartered Business Valuators (CBV Institute) chaired a collaboration to co-publish the updated International Valuation Glossary – Business Valuation. This glossary has been developed as part of ongoing efforts to harmonize definitions for business valuation and intangible asset terms. Members of our Standards Board and GACVA Advisory Council supported initial tasks associated with this project.
- Your feedback is invited until January 31, 2021. CLICK HERE to participate.
#2 | Record Breaking Global Engagement
More than any time in our 30-year history, timely continuing education and expert technical advice was paramount. To meet this critical need, five virtual conferences, 21 free COVID-19 technical webcasts, 15 virtual credential training programs, two global town halls, 10 member orientation webinars, 44 tri-annual recertification CPE courses, all summed up more than 325 programs were produced for audiences greater than ever experienced by the Association. NACVA|CTI’s unparalleled and world-renowned CPE is unmatched.
#1 | COVID-19 Public Service Campaign—Staying In Business
As a public service to the global profession, 40+ hours of COVID-19 specific continuing professional education were produced, free of charge for attendees. The topical and timely training events were live webcasts frequently with experts from all corners of the profession exchanging technical knowledge in dialogue with analysts and practitioners seeking solid guidance. Continuing professional education credit (CPE) was issued to attendees at no cost. This program will continue throughout 2021.