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.

• 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?

• 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