Date posted: 29/11/2021 3 min read

What’s new in Business Valuation: Update from Stephen Reid FCA

Business Valuation Committee Chair Stephen Reid FCA discusses the Valuation Practice Survey and CA ANZ’s commitment to net zero emissions by 2030.

In brief

  • 2021 delivered it’s share of surprises – but demand for business valuation professionals still increased
  • The Business Valuation Practices survey has been released with 40% experiencing increased demand
  • CA ANZ has joined 2.5 million accounting professionals across the globe in committing to net zero emissions by 2030

I think it’s fair to say that 2021 was a year that delivered a few surprises. As the Delta variant outbreak thrust much of our region back into lockdowns, we shelved our expectations and got on with the year that was.

Despite the challenges, many business valuation professionals still found themselves in high demand. This year’s Valuation Practice Survey reported that 40% of respondents performed a larger number of valuations than the previous year. 

The survey records common practice (as opposed to best practice!) of your valuation peers – if you haven’t already, be sure to check out the results . I would also like to extend my thanks to those who took part in the survey, helping create a benchmark for business valuation in Australia and New Zealand.

Looking back over the year, it may also interest you to know what’s piquing the interest of your fellow readers. I’m happy to report that it was local content from one of our own – last quarter’s story about the seven sins of Discounted Cash Flow valuations by Business Valuation Committee member, Richard Stewart FCA. If you missed it, you can see it again here

“I’m happy to share that Chartered Accountants ANZ has joined 2.5 million accounting professionals across the globe in committing to net zero emissions by 2030.”

This year has also seen increased focus on climate change, with the world coming together in Glasgow at the recent COP26 Climate Change Conference to set targets for limiting global warming. I’m happy to share that Chartered Accountants ANZ has joined 2.5 million accounting professionals across the globe in committing to net zero emissions by 2030 – highlighting the important role accountants can play in shaping a more sustainable economy.

As we near the end of the year, however, it’s also a great time to look ahead. Chartered Accountants ANZ is now accepting applications for the next intake of Business Valuation Specialisation Program – starting in February next year. If you have been thinking about formalising your business valuation skills with a qualification – or know someone who should – 2022 could well be the year!

We’re also looking towards the next Business Valuation Conference to be held late 2022. We’re still determining the best format for the event – but stay tuned for more details about this great information exchange and networking event.

As always, we welcome your feedback. Ideas for content in our future newsletters is always welcome too. Please email your suggestions to [email protected]

2021 Valuation practice survey

The 2021 CA ANZ Valuation Practice Survey asked Business Valuation Specialists for their views on the key trends and inputs affecting valuations. This year’s report reflected an increase in demand for business valuations, with tax and disputes the most common areas for business valuation work.

View the survey results

Winds Of Change: recent deal valuation metrics in the energy sector

The energy sector is experiencing a momentous shift as the world looks for rapid and lasting solutions to balance its burgeoning carbon budget. Looking across this multi-dimensional dealscape, the panel of energy experts will discuss and invite your participation in issues such as which deal metrics provide useful insights, what types of players are increasingly featured in deals, what are some of the new challenges in energy sector valuation and how ESG factors are impacting value.

Join us on 10 February 2022 in person in the CA ANZ Brisbane office for breakfast (or via live-stream online)  Are you a CA Business Valuation Specialist? Email Mark Doorly for your complimentary registration: [email protected]

Register here

Gaining a broader view with a Business Valuation specialisation

Singapore-based Nghia Nguyen, from Ernst and Young LLP, says that the CA ANZ business valuation specialisation has enhanced his ability to audit complex acquisitions and have meaningful conversations with clients

Read more

Access your Business Valuation Newsletter

To access the Business Valuation Newsletter and join the conversation; login to My CA and find the Business Valuation Community. To have the Business Valuation Newsletter emailed directly to your in-box, log in to My CA and change your Communication Preferences.

Log in to My CA