Barrett Valuation Services, Inc.
Business Valuation Services
At Barrett Valuation Services, Inc., our professionals take care to provide our clients with high quality services personalized for their unique needs. Our professionals are very knowledgeable in the field of business valuation. If you own a business, want to protect your wealth, or determine how much your company is worth, you will at some point need professional valuation services. BVS provides business valuation services for a variety of reasons including:
- Determine the value of assets and liabilities for a divorce settlement
- Resolve a shareholder dispute
- Assist with selling your business
- Obtain financing from a lender for the purchase of a business
- Plan for a merger, acquisition or stock offering
- Develop an estate or tax plan to protect your wealth
- Create a succession plan
- Assist attorneys in litigation
- Provide expert testimony
- Provide business appraisal review services
Whatever the purpose, business valuation is a widely used discipline that can play a key role in helping you achieve your financial goals. Business valuation professionals can give you the answer. Business valuation is a complex process requiring broad knowledge of accounting, finance, economics and business, expert application of recognized valuation methodologies, and diligent adherence to professional standards. BVS has the experience and commitment to help you achieve your goals.
Business Appraisal Review Services
Barrett Valuation Services, Inc. provides business appraisal review services to accountants and lawyers. BVS can provide an informal review of business valuation reports, or formal written business appraisal review reports, expressing an opinion as to the credibility of the business valuation report under review. BVS performs written review reports compliant with the Uniform Standards of Professional Appraisal Practice Standard No. 3: Appraisal Review, Development and Reporting.
Appraisal Review for Accountants - BVS offers informal appraisal reviews to accounting firms and other professional appraisers. We can review your reports for standards compliance, technical-related issues and credibility.
Appraisal Review for Lawyers - BVS offers both informal appraisal review services and formal appraisal review services (i.e. including written reports) to lawyers for purposes of mediation, arbitration and trial. The formal appraisal review process involves reviewing business valuation reports for overall credibility. This is very different from providing our own opinion of value, which requires a business valuation engagement. Typically, when opposing valuation experts arrive at significantly different valuation outcomes, of the same business, one or both valuation reports may be flawed. An appraisal review, as to the credibility of one or more reports, can be very useful in resolving divergent opinions of value.
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Barrett Valuation Services, Inc. | 989 Reservoir Avenue, Cranston, RI 02910 | (401) 942-3900 (P) | (401 942-3988 (F) | info@barrettvaluation.com
The Institute of Business Appraisers’ Business Appraisal Review Accreditation (ABAR) Workshop provides the following information regarding the credibility of business valuation reports.
6.1 Credibility
The ABAR Concept of Credibility is grounded on consideration and inclusion of all known facts and circumstances (the good, the bad and the ugly ones) in the BV report. “Credibility” can be defined by seven basic processes, applied throughout an assignment:
6.1.1 Relevance – refers to the specific relationship of an appraiser’s analytical nexus to a particular business appraisal standard, method or procedure forming a supportive and probative basis of the opinion of value offered by the appraiser.
6.1.2 Reliability – requires that the business appraisal review procedures performed by a Reviewer allow for replication of the original results obtained by the Appraiser and that the methods used by the appraiser were determined to be reliably applied.
6.1.3 General Acceptability of Chosen Methodologies – are those approaches, related methodologies and procedures there under, which have been peer reviewed, exposed to publication, which can be reasonably expected to be used by appraisers regularly conducting engagements under similar facts and circumstances.
6.1.4 Transparency – refers to the inclusion and assessment of facts and circumstances known to the appraiser about the appraisal process without limitation.
6.1.5 Adequate Disclosures – refers to the requirement that the appraisal process must present information not only of all known facts and circumstances about the appraisal process undertaken, but it must also include sufficient, informative, and relevant disclosures to allow stakeholders in the appraisal process to understand the foundation of the appraiser’s opinion.
6.1.6 Non advocacy – IBA standard 1.4, Non-advocacy v. Advocacy, requires that an appraiser maintains a high level of objectivity in the formulation of his/her own independent expert opinion throughout all aspects of the appraisal process undertaken. These requirements apply equally to the Reviewer and the review process undertaken.
6.1.7 Completeness – requires that the sufficiency of the data, assumptions and explanations presented in the appraisal report are described in enough detail to allow a user to duplicate the results obtained by the appraiser in forming a basis for the opinion proffered by the appraiser.
Furthermore, in assessing credibility, a reviewer’s opinion about the quality of an appraiser’s work product must also encompass the adequacy, appropriateness, and reasonableness of the work under review, developed within the context of generally accepted appraisal practices, normally relied upon by business appraisers in the United States of America, as of the date of the appraisal report.
Forensic Accounting Services - BVS works with the top certified forensic accountants throughout Rhode Island and Massachusetts. BVS can help you identify and consult with the right forensic accountant to resolve your case.
Certified Divorce Financial Analysts (CDFA) - BVS works with highly trained CDFAs throughout New England. BVS can refer you to the top experts in this very specialized field.
Economic Damages - BVS works with highly trained and experienced experts in resolving economic damage cases. BVS can help you identify and consult with the right expert to resolve your case.
Referral of Other Services
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