Catherine and Nathan, both seasoned CPAs and ABVs, discuss the complexities of subsequent events in business valuation. They explain the definition, implications, and relevance of these events in contexts like estate and gift tax transactions. Their conversation covers how these events can affect or indicate value, the standards and court rulings involved, and the challenges of determining what is known or knowable at the valuation date.

Key Takeaways:

• Definition of subsequent events are particularly relevant in litigation, estate, and gift tax transactions
• Known or knowable at the valuation date, but courts may sometimes consider subsequent events differently
• Importance of providing additional information to courts without muddying the valuation process

Guests:
Catherine Stoddard, CPA/ABV, Stoddard Consulting PA
Nathan Duke, CPA/ABV, Senior Manager, Forvis Mazars US
Host: David Consigli, Jr. CPA/ABV, CDFA, Partner, FAZ Forensics

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RESOURCES FOR FURTHER EXPLORATION
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Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• AICPA VS Section 100 subsequent event toolkit
• VS Section 100 (SSVS) Development Compliance Checklists
• VS Section 100 (SSVS) Reporting Compliance Checklists
• Considerations when valuing distressed or impaired businesses FAQs

The FVS Valuation Podcast archives 

• Turning Risk into Value - Gathering and Applying Information for Better Data Visuals
• Reconciling Discount Rates for Intangible Asset Valuation in PPAs
• Supporting Company Specific Risk and Reconciliation under ASC 805

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

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