Raymond Rath, Managing Director at Globalview Advisors, will speak at the American Society of Appraisers’ International Appraisal Conference (IAC) on October 12, 2020. Mr. Rath’s presentation on “Appraisal Review: Process vs. Technical Knowledge,” will help appraisers from all valuation disciplines and users of appraisal review services better understand the process for performing a review of an appraisal prepared by another party. Appraisers from around the world consider this conference their critical calendar cornerstone, and repeatedly make plans to attend this internationally recognized and respected event year after year. Varied settings, both geographically and from an ambiance standpoint, makes the annual conference attendance productive and highly enjoyable, at the same time.
Best practices for appraisal reviews are evolving. Appraisal reviews for real estate lending have received significant attention from the Federal Deposit Insurance Corporation and other government agencies for decades. With increased reliance on fair value estimates for financial reporting, the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) expressed concerns about the quality of fair value estimates and the depth of appraisal review procedures of auditors and their valuation specialists.
Many presentations on appraisal reviews focus on technical issues. Mr. Rath’s presentation will focus on the extent of the appraisal review process and review scoping issues. His focus will be on reviews that express a conclusion pertaining to the reasonableness of the appraiser’s fair market value / fair value estimate. While some of his comments focus on appraisal reviews for financial reporting, the scoping and other issues to be covered are relevant to reviews for other purposes.
As a result of concerns regarding the Covid-19 pandemic, the IAC conference will be a virtual conference, promising a fresh and innovative experience, where valuers will learn and connect with results; explore the latest ideas, trends and best practices with leading presenters; and interact and engage with fellow professional via e-networking opportunities. Information on the conference can be found at https://www.appraisers.org/Education/events/asa-international-conference.
The American Society of Appraisers is a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: Appraisal Review and Management, Business Valuation, Gems and Jewelry, Machinery and Technical Specialties, Personal Property and Real Property.