>p>PJ Patel, ASA, CFA is co-CEO/senior managing director of Valuation Research Corporation. He specializes in the valuation of businesses, assets and liabilities for financial reporting purposes. Mr. Patel is a frequent presenter on valuation issues for financial reporting purposes and has recently presented on valuation issues relating to ASC 805, ASC 350/360 and ASC 820. He has been quoted numerous times in the press regarding valuation issues. Mr. Patel is an active member of the AITF. He is a member of the Appraisal Foundation's Working Group preparing an industry Practice Aid for valuing customer related assets. Mr. Patel holds a bachelor of science degree from the University of Toronto, and a master of business administration degree from Canisius College.