- Accountants continue to set a positive example for the financial services sector
- The new AFSL and Valuation Services Guide is the result of the hard work of CA members, to the benefit of all
- Having two committee members on the IVSC’s Business Valuation Standards Board highlights the contribution we’re making to our specialisation
Welcome to the latest Business Valuation Newsletter!
As I write, the Federal Election looms large – while the impacts of the Royal Commission continue to play out across the financial services sector.
Whatever happens on election day, this year looks set to bring about more changes and technical developments affecting how accountants conduct our day-to-day work.
Financial services professionals continue to face scrutiny from the public and regulators alike. As such, it’s great to see our members at the forefront of work that enhances and raises the standards across our profession.
That’s why I’m particularly excited to introduce the new Chartered Accountants Australia and New Zealand Guide on Australian Financial Services Licensing and Valuation Services. I would like to thank members Hugh McPharlin and Brendan Halligan for their initiative and hard work in putting this informative guide together.
On a related note, I’d like to highlight two developments in the Business Valuation Committee since our last newsletter. The first is the appointment of Jay Shaw CA as the newest committee member.
Jay is a Financial Advisory Services Partner at New Zealand firm Grant Thornton, as well as a member of the Business Valuation Standards Board (BVSB) of the IVSC. He brings great enthusiasm and expertise to his committee role.
“It’s great to see our members at the forefront of work that enhances and raises the standards across our profession.”
I’d also like to congratulate committee member and PwC (Australia) Partner, Richard Stewart OAM FCA, who has also recently been appointed to join Jay on the BVSB. The BVSB is one of three technical boards within the IVSC that works to develop international standards for business valuation – so it’s great for us to have a such a strong presence on this important Board.
Finally, I am pleased to announce that our next Business Valuation/Forensic Accounting conference will be held from 12-14 October 2020 in Melbourne. We are in advanced discussions with Professor Damodaran from New York University about attending as our keynote speaker so please save the date!
As always, if you have any feedback on this newsletter, we’d love to hear from you. You can get in touch at MyCommunityGroups@charteredaccountantsanz.com. Until then, have a successful and prosperous autumn and happy financial new year!
Guide on Australian Financial Services Licensing and Valuation Services
6. This guide is limited to valuation services under APES 225. A member might at the same time as providing a valuation service also provide some other service. This guide does not consider whether a service other than a valuation service requires an AFSL.Download Guide here