Accounting, finance and tax practitioners are frequently presented with issues involving valuation matters, whether in tax, dispute, estate, planning to avoid disputes, succession planning, purchase/sale, financial reporting or other situations.
Accounting, finance and tax practitioners are frequently presented with issues involving valuation matters, whether in tax, dispute (shareholder, matrimonial, corporate/commercial, etc.), estate, planning to avoid disputes (shareholder agreements, marriage/co-habitation contracts, etc.), succession planning, purchase/sale, financial reporting or other situations. While good practice in many situations will dictate the involvement of a valuation expert, it is very helpful for the trusted advisor to have a basic understanding of valuations and be able to speak the same language as the valuator, understand the relevant parameters of the particular situation, and be able to communicate valuation-related issues to the client.
Join Melanie Russell, CPA, CA, CBV, CIM, CFE, CFF, ABV, Founder and President of Kalex Valuations Inc., for an overview of valuations, situation-specific considerations, as well as practical tips.
More specifically, topics covered will include:
When a valuation is needed/triggers, and when valuations are not required
Valuation definitions, reference points and generally accepted valuation principles
Valuation basics
Valuation methods and approaches
Selecting the right method/approach
Extent of understanding required of business, industry, economy, etc.
Components of value
Key and current valuation issues and considerations for private companies
Critical engagement issues
Reporting issues, professional standards and ethical requirements
When to involve a valuation specialist/expert vs. going it alone
Since obtaining the CA, CPA designation in 1988, Ms. Russell has gathered experience in a number of areas including business, asset, financial instrument and liability valuations; income valuations/determinations; quantification of economic damages; expropriations; financial/forensic investigations; financial projections and modelling; due diligence; quality of earnings; external auditing; internal auditing; and treasury management.
Ms. Russell has worked in accounting and valuation practice for more than 20 years, and in industry for three years.Ms. Russell has qualified as an expert witness in the Ontario Court of Justice, the Ontario Superior Court, the Chartered Professional Accountants of Ontario (“CPAO”, formerly Institute of Chartered Accountants of Ontario)’s Discipline Committee (which determines whether members should be charged with offences as brought by the CPAO’s Professional Conduct Committee) and the Investment Dealers’ Association.She has qualified as an expert in the areas of business/asset valuation, quantification of damages, income determination and forensic accounting.She has also acted as an accounting expert in arbitration, mediation, mediation/arbitration and other alternative dispute resolution proceedings (e.g., collaborative practice), and negotiated a number of buy/sell transactions.
Ms. Russell has been active in accounting, auditing, valuation and finance education since 1987.For example:
Taught at various institutions including York University - Atkinson College and Schulich School of Business, ICAO, CPAO, University of Toronto, Ryerson Polytechnic University, Seneca College, Humber College, Chartered Professional Accountants Canada (“CPA Canada” formerly Canadian Institute of Chartered Accountants), School of Accountancy and various CA/CPA preparation courses.
Presented lectures and seminars in various areas including valuation, income analysis, financial reporting, finance, accounting, auditing/assurance, personal financial planning for various organizations including the Ontario Bar Association, Law Society of Upper Canada, CICA/CPA Canada, the CICBV, ICAO/CPAO, Department of Justice, various district CA/CPA associations, ESOP Canada, Estate Planning Council of Toronto (“EPCT”), Innovation Guelph, Junior Trust and Estate Practitioners Group, Toronto Entrepreneurs’ Conference, Junior Achievement, Federated Press, Peel Lawyers’ Association and various law firms, accounting firms and industry groups.
