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Enhancing Quality of Fair Value Measurements with the MPF
Valuation Services
Webcast

Enhancing Quality of Fair Value Measurements with the MPF

Join us for this webcast as our panel of experts provide multiple perspectives on how they have used the MPF in their practices to improve the consistency and quality of fair value measurements for financial reporting.

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Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

2

Author(s)

Myron Marcinkowski, Mark Edwards, Adam Smith, Nancy Czaplinski

Availability

3 months

Learning Outcomes
  • Recall the purpose and goals of the MPF
  • Recall factors to consider when implementing the MPF
  • Compare approaches to incorporating the MPF into professional and practice development
  • Recognize lessons learned from implementation of the MPF
  • Identify uses of the MPF in the current environment
  • Recognize best practices around implementation and the MPF impact on the audit
  • Recognize how to integrate the MPF into valuation reports and related documentation
  • Recall the purpose and requirements of the CEIV credential program
Key Topics
  • Valuation
  • Fair Value Measurements
  • Certified in Entity and Intangible Valuations
  • CEIV
  • Mandatory Performance Framework
  • MPF
  • Fair Value for Financial Reporting
Product Details

Practical Implementation of the Mandatory Performance Framework (MPF) for Fair Value Measurements to Enhance Quality

The Mandatory Performance Framework and its related applications (MPF) for the Certified in Entity and Intangible Valuations™ (CEIVTM)¹ credential have now been in existence for over three years. Considered best practice for valuation professionals who perform valuations of businesses, business interests, intangible assets, certain liabilities, and inventory used to support management assertions made in financial statements issued for financial reporting purposes and mandatory for holders of the CEIV credential, the MPF can be applied to most valuation engagements.

Our panel of experts will provide perspectives on how they have used the MPF in their practices to improve the consistency and quality of fair value measurements for financial reporting. The panel will discuss lessons learned through implementation and provide insights into what they would like to see in the future. You will also hear an auditor’s perspective on best practices around implementation of the MPF and how it can impact the ease of the audit.

¹The trademarks CEIV and CERTIFIED IN ENTITY AND INTANGIBLE VALUATIONS are owned by Corporate and Intangibles Valuation Organization, LLC, and are used under license agreements between Corporate and Intangibles Valuation Organization, LLC and RICS, ASA, and AICPA.

Who Will Benefit
  • CPAs and valuation specialists who perform fair value measurements for financial reporting purposes
  • CFOs, controllers and senior financial professionals
  • Emerging valuation professionals
Pricing
Do you have an AICPA membership? Log in to apply your member discount.

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
More Details
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
100 mins
Speakers
Myron Marcinkowski
Myron Marcinkowski is the leader of Duff & Phelps’ North American Valuation Services Practice. Myron is also the Global Leader of Duff & Phelps’ Consumer Products and Retail Industries valuation practice. He is a Managing Director in the Atlanta office of Duff & Phelps, LLC Myron has 31 years experience in valuation and financial advisory services. Prior to Duff & Phelps, Myron was a Managing Director at Standard & Poor’s Corporate Value Consulting (“CVC”). Previous to joining CVC, Myron was a partner with PricewaterhouseCoopers LLP for over six years. He was formerly a Financial Analyst for AT&T-Division of Finance and a Senior Engineer at Sargent & Lundy Engineers. Myron has prepared numerous valuations for businesses, securities, and tangible/intangible assets for various purposes. Myron has been involved in valuations in regards to acquisitions, divestitures, minority interest buyouts, joint ventures, tax planning, financial reporting, bankruptcy, strategic studies, and litigation. Myron has negotiated transactions and appeared as an expert witness in various valuation situations. In addition, he has spoken and taught on the subject of valuation. Myron has advised U.S. Senate Finance Committee, House Ways & Means Committee, and Joint Committee on Taxation staff members on valuation and tax legislation matters.
Mark Edwards
Mark is a partner in the valuation services practice of Grant Thornton LLP and serves as the Practice Leader for the Mid-South Region. Prior to joining Grant Thornton, Mark spent over 13 years working with a Big Five public accounting firm and other national valuation firms. Mark has been working in the valuation profession for more than 30 years and has worked with numerous public and private clients on financial reporting, litigation, transaction advisory and strategic planning. Mark has expertise in valuing businesses, intellectual property, fractional interests, equity securities, options, warrants and other equity and debt derivatives. These valuations have been used for financial reporting, tax reporting and planning, and strategic investments. He also provides consultation to the audit practice on matters involving fair value. His primary responsibilities include managing the valuation services line for Grant Thornton’s Southeast Region. In addition, he has been qualified as an expert witness and has provided testimony in matters where valuation is in dispute.
Adam Smith
Adam is a Managing Director with over 20 years of valuation experience. He has performed valuations of businesses, business interests, intangible assets, economic damages, derivatives, and lost profits. His experience includes preparing valuations for a wide range of purposes including financial reporting, litigation support, corporate planning and consulting, mergers and acquisitions, estate and gift tax reporting, and employee stock ownership plans. From 2013 to 2015, Adam served as a practice fellow at the Financial Accounting Standards Board (FASB) specializing in fair value issues. In that role, he worked on projects with the FASB, the Financial Accounting Foundation (FAF), the Emerging Issues Task Force (EITF), the Private Company Council (PCC), and the Governmental Accounting Standards Board (GASB) and performed extensive outreach with regulators, other standards setters, and accounting and valuation professional organizations. From 2015 to 2017, Adam was the Technical Director of Business Valuation Standards for the International Valuation Standards Council (IVSC) and worked with the IVSC Standards Board to develop an updated and improved version of the International Valuation Standards. In his position, Adam worked with other technical staff to write two new chapters and revise the existing chapters of the International Valuation Standards. Publication of the revised standards was completed in January 2017. Adam received his B.A. in Business and Economics with a Minor in Accounting from the University of California, Los Angeles.
Nancy Czaplinski
Nancy is a managing director in the Valuation Advisory Practice of Duff & Phelps. Nancy has provided financial analyses and business valuations for both private and public companies for various purposes including financial reporting, tax and disputes/litigation. Nancy currently chairs the Valuation Resource Panel of The Appraisal Foundation and also serves on the Business Valuation Discipline Committee of the ASA and is a member of the ABV credentialing committee of the AICPA.
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Enhancing Quality of Fair Value Measurements with the MPF
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