didyouknow...


A study by the American Institute of Certified Public Accountants led to a report entitled, Common Mistakes Made by CPAs in Performing Business Valuations. Read this list to make sure your valuation is done right.

Failure to understand exactly who the client is. Failure to use the correct valuation date. Failure to pay an on-site visit. Failure to apply proper standards of governing bodies, such as the AICPA and the IRS Lack of, or poor, documentation Reliance on average industry figures without considering the client's position in the industry