Events subsequent to the valuation date are seldom known, knowable, or foreseeable – particularly recently. As appraisers continue to sift through the fallout of recent economic turmoil the consideration of subsequent events is becoming ever more important when proving and defending a sound conclusion of value.
In "Subsequent Events: Dealing with the Unknown and Unforeseeable" two of the valuation communities best minds, Jay Fishman and Chris Mercer, will join one of best in tax litigation, Chuck Rettig, for an in-depth discussion of how to handle the tricky area of accounting for subsequent events. Any appraiser performing valuations today without the use of a crystal ball should attend this teleconference.
Program Agenda
Background
What is the Subsequent Rule?
What are its origins?
What is meant by known or knowable?
Are their categories of Subsequent Events?
Subsequent Events in Tax Court
Early References
References in Revenue Ruling 59-60
Estate of Tully and related cases
Emergence of Jung and its progeny
Differences between evidence of value and factors affecting value
Recent Tax Court decisions: Estate of Noble
Subsequent Events in Other Venues
Subsequent Events in Fair Value matters
Subsequent Events in Divorce cases
Reference to the use of subsequent events in SSVS-1
Use of subsequent events in USPAP
Practical Aspects of the Subsequent Event issue
Does disclosure impact the opinion?
Judges, lawyers and clients want to know
How does Canada view subsequent events?
Subsequent events and the slippery slope.
Criticism Concerning Subsequent Events
"To Seek a Newer World"
Other tax court and judicial opinions
Informational restrictions and subsequent events
Is there a middle ground?
Learning Objectives
Understand what constitutes a subsequent event, and which subsequent event should be accounted
Understand how to properly account for subsequent events
Learn what guideline statements say about subsequent events
Clarify what existing case law says about subsequent events
BVR's Satisfaction Guarantee
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.