Date posted: 27/02/2024 3 min read

What’s new in Business Valuation?

By Stephen Reid FCA: Professional resolutions for a successful 2024

In brief

  • The new year is a good time to set professional objectives
  • Being strategic with CPD can help you move in the direction of your goals
  • Specialists require a minimum of 120 hours of CPD with 40% related to your specialisation every three years

Welcome to the first Business Valuation update for 2024. 

For most of us, the shine of the new year and Christmas break has already started to wear off, as we get back into our usual routines. And statistics tell us that, by now, many have abandoned our new year resolutions as we get on with our daily lives and habits.

That’s not to say that we can’t set goals for the year – there can be great value in being deliberate about what you want to achieve professionally, and making a plan to achieve it. 

As Chartered Accountants completing Continuing Professional Development (CPD) is a professional obligation.  It is also an opportunity - to update our professional and technical skills, and to choose areas we would like to learn more about and gain proficiency in. It can have intangible benefits – like introducing us to others in our field who may prove valuable professional contacts. 

Recent changes to CPD requirements for Chartered Accountants mean that we need to complete at least 120 hours of CPD every three years, with 90 of them ‘verifiable’ and 40% related to our specialisation. It makes sense to plan out your CPD well in advance and make sure you’re choosing opportunities that move you in the direction of your professional goals. 

CA ANZ details CPD requirements on the website, along with courses and networking events – so make some time to check it out. The bi-annual CA ANZ Business Valuation Conference will be held later this calendar year, and should be valuable CPD for CA Business Valuation Specialists and other members working in the field. The conference will be virtual, enabling you to attend without having to travel and take days out of your schedule, while still allowing for live sessions and interaction. 

Planning is underway, with more details to be released soon, but I can promise you that the CA ANZ Business Valuation Committee is working hard to bring together a program that will inspire and inform, with presentations and panels with some of the industry’s best minds.

Of course, the conference isn’t the only CPD opportunity on the calendar – we’ve highlighted some upcoming events in this March edition of the Business Valuation newsletter and more are coming soon. For those with experience in business valuation who are considering taking the next step to become a Business Valuation Specialist, registrations of interest for the course beginning in April are open now, so don’t miss out.

There can be great value in being deliberate about what you want to achieve professionally, and making a plan to achieve it.
Stephen Reid FCA 

In other news, many of you will be aware that the IVSC has released its long-awaited changes to IVS, which will take effect in January 2025. You have access to IVS and other IVSC resources as part of your CA ANZ membership, so take a moment to understand the changes and their potential impacts on your work. 

Finally, you may notice a change in this quarter’s newsletter, which is shorter, sharper and more focused on the stories and events that matter to Chartered Accountants working in the business valuation field in Australia, New Zealand and our region. I hope you like it! Remember, the newsletter is here to be a useful resource for our professional community, and we care about your feedback. If you have any feedback or suggestions for how we can make better meet, please get in touch at [email protected].

CA Business Valuation Specialisation Course 

Designed for experienced business valuers seeking to become a CA Business Valuation Specialist. 

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