Complexities Of Subsequent Events in Business Valuation

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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• AICPA VS Section 100 subsequent event toolkit
• VS Section 100 (SSVS) Development Compliance Checklists
• VS Section 10