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Empirical Research Regarding Discounts for Lack of Marketability (1529Q) |
Course CPE: 2 hours Field(s) of Study: Auditing–2 hrs Program Level: Advanced Prerequisites:Good knowledge of topic and experience in the field. Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area. Advanced Preparation: None Delivery Method: QAS Self-Study
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Item
Number: 21BV1214ERRD
Shipping Weight: 0lbs. 0oz. |
Price:
$140.00 |
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Recording Date: December 14, 2021
Presenter: Marc Vianello
Program Description:
The appropriate amount of discount for lack of marketability (DLOM) has long been critical for valuation professionals, investors in and issuers of illiquid securities, financial statement issuers and auditors, the courts, and others. The determination of an appropriate discount has been extensively discussed and debated. Yet, before Mr. Vianellos’s research, an empirical study using defined and objective data that could actually justify a methodology for a lack of marketability discount was lacking. This session is a summary of Mr. Vianello’s research into the market evidence of discounts for lack of marketability. The session will challenge broadly used methodologies for determining discounts for lack of marketability.
After completing this course, you will be able to:
- Differentiate the time and price risks that underlie DLOM
- Identify some of the limitations of restricted stock benchmarking for DLOM
- Recognize the empirical support for probability based DLOMs combined with option pricing theory
- Determine and organize superior guideline company groups
- Determine, utilize, and strengthen your DLOM conclusions
- Identify and test the DLOMs of opposing experts
- Recognize, revise, and improve analysis of asset fair value
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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