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Informationen zum Autor Francisco "Frank" ROSILLO, CPA, ABV, ABAR, CBA, CVA, CFE, CFF, CFFA, is the managing director of the Valuations and Forensics Advisory, LLC. Serving an international clientele, the firm provides business valuations, mergers and acquisitions transactions, and forensic accounting advisory services. Rosillo is a frequent national lecturer and trainer in valuation and forensic accounting topics. He has authored Institute of Business Appraisers (IBA) and National Association of Certified Valuators and Analysts (NACVA) courses and the practice aid, Business Appraisal Review. Frank also teaches a five-day NACVA Appraisal Review Workshop and is a member of the Board of Governors of the Institute of Business Appraisers. He has been the recipient of several CPA accounting professional awards in business valuations and litigation support. His financial expert witness experience includes cases in federal and state courts. Klappentext How to develop and support a credible opinion of value based on a foundational frameworkThis book provides knowledge and guidance to valuation practitioners on achieving a new level of professionalism and credibility, as well as to those stakeholders in the valuation process in need of assessing the credibility of an appraiser's work product for decision-making purposes. It introduces a well defined framework of key credibility concepts and procedures at each step of the appraisal process, including reasonableness tests, valuation methodologies, financial analysis, economic and industry analysis, engagement planning, and informed judgment.* Provides needed guidance to valuation practitioners to enhance their valuation practice and improve the credibility of the appraiser's work product* Offers guidance to stakeholders in the valuation process in need of assessing the credibility of an appraiser's work product for decision-making purposesGet foundational framework appraisal advice with the proven guidance found in Determination of Value. Zusammenfassung Provides knowledge and guidance to valuation practitioners on achieving a new level of professionalism and credibility, as well as to those stakeholders in the valuation process in need of assessing the credibility of an appraiser's work product for decision-making purposes. Inhaltsverzeichnis Preface xi Acknowledgments xiii Chapter 1: The Problem 1 In Search of a Truth 1 The Assurance Expert 4 Credibility Is Not Synonymous with Truth 7 Where Do We Go from Here? 8 Chapter 2: The Solution 9 Toward a Defi nition of Credibility 9 The Attributes That Make You Credible 10 Operational Credibility Attributes 11 Personal Credibility Attributes 19 General Observations about "Credibility" 21 Credibility Is Not Synonymous with Truth 23 Don't Confuse Opining with Decision Making 25 Beware of Black Box Opinions 26 Conclusion 26 Chapter 3: The Credibility Pyramid and the Importance of a Well-Defined Analytical Process 29 The Importance of Process 29 The Valuation Process 31 The Credibility Pyramid 34 Three Problem-Solving Phases 36 Conclusion 41 Chapter 4: Pyramids, Not Castles 43 Why Is Credibility Important? 44 Reasonable Assurance 47 Generally Accepted Practices 50 Generally Accepted Practices Lead to Uniformity and Professional Consensus 54 Analytical Gaps 55 Informed Judgment 56 Conclusion 59 Chapter 5: Climbing the Credibility Pyramid 61 The Importance of Revenue Ruling 59-60 61 Identification of Key Pre-Engagement Parameters 63 Planning to Acquire Knowledge about the Subject 65 General Planning Considerations 69 The Importance of the Standard of Value as You Climb the Pyramid 79 Self-Ass...
