Lawyers and Accountants Once Put Integrity First So asserts Mark W. Everson, commissioner of the IRS from 2003 to 2007, in an opinion piece for the Sunday NY Times: Three or four decades ago, investors and regulators could rely on these professionals to provide a check on corporate risk-taking. But over time, attorneys and auditors came to see their practices not as independent firms that strengthen the int ...

No Parties After IFRS Adoption in Canada When measuring the costs of IFRS implementation, there are the not-at-all trivial costs of changing accounting methods.  But there are also opportunity costs of spending time becoming IFRS compliant that you could have spent doing something other things. "The greater cost has really been the diversion of intellectual capital during this time period from doing more pr ...

More Feedback: Editor: I read the May 2011 QuickRead – “Tips for Valuators” concerning stub years. I have run into this issue several times and I have seen it misapplied many times and I am glad you wrote about the topic. I noticed two points in the article that I believe need further clarification. The first thing that I noticed in the article is that the PV factors need to be modified as well if you are d ...

LinkedIn Features Booming CVA/AVA Activity Have you visited LinkedIn lately?  The NACVA AVA/CVA Certification group as of this writing has 935 members.  Follow the link and join in the conversation! This year is NACVA's 20th Anniversary.  What milestones do you remember being a part of?   QuickRead's Conversations with the Masters staff is preparing for an interview with Shannon Pratt.  Do you have question ...

Lending Improves The Wall Street Journal reports that Small Business Lending Has Improved. A Braun Research survey performed for Capital One Bank found 85% of owners polled in March said they’re able to access the financing they need, up seven percentage points from the fourth quarter of 2010 and 15 percentage points from a year ago. . . . but Owners Fear Economic Uncertainty Economic Uncertainty, Spending ...