Like other sectors, the business valuation space is rapidly transforming due to changes in standards, the shift to intangible assets, growing sustainability momentum and relentless technology convergence, to name some key developments.
Positioned as the premier platform for valuation matters, the Business Valuation Forum 2024 organised by the Malaysian Institute of Accountants (MIA) and supported by the International Valuation Standards Council (IVSC) seeks to upskill the valuation community to ensure continuing relevance to business.
As one of the world’s most open economies, it is imperative that Malaysia continues to develop and adopt professional standards and frameworks for business valuation to enhance our competitiveness and global harmonisation. Aptly, the Forum sets the tone with an overview of key revisions to the International Valuation Standards (IVS) by a leading IVSC representative, including the strategic inclusion of environmental, social and governance (ESG) factors for sustainability. This will be followed by discussions on the valuation of intangibles, digital assets and intellectual property (IP) which are prominent asset classes in the digital economy as well as the role of expert testimony and valuation methodologies in dispute resolution. Reflecting the transformative nature of technology, the Forum will culminate with a look at how AI, Metaverse and Virtual Reality are revolutionising asset and business valuation practices.
The Business Valuation Forum 2024 has been carefully curated to bring you up-to-date on the latest developments and boost your valuation knowhow. Connect with standard-setters, practitioners, industry experts and thought leaders on 4 December 2024 at the Wyndham Grand Bangsar as they share their insights in the following sessions:
SESSION 1: Understanding The Key Changes to The International Valuation Standards (Ivs)
Nicolas Konialidis, Asia Director & Technical Director of the Business Valuation Board, IVSC will be on hand to explain updates issued to the IVS that will take effect on 31 January 2025. Significant revisions have been made to both the General and Asset Standards to improve valuation practices while emphasising the importance of using appropriate data and robust models. In line with global sustainability trends, this session will also touch on strategically integrating ESG factors in valuation processes.
SESSION 2: Unlocking the Strategic Value of intangible Assets
Intangible assets such as IP, brand equity, patents and copyrights are an increasingly critical asset class. Helmed by experienced practitioners, this session will discuss the accurate valuation of these assets and the application of relevant frameworks to enhance strategic decision-making and drive organisational growth.
SESSION 3: Valuation Of Digital Assets & Intellectual Property
Valuing intangible assets such as patents, trademarks, cryptocurrencies, and software can be challenging due to non-standardised methods, volatility in digital asset prices, and difficulties in predicting future economic benefits of IP. This session will discuss various valuation methodologies for intangible assets, address the influence of ESG factors on valuation, assess how emerging technologies like blockchain and artificial intelligence are shaping new valuation tools and approaches, and share best practices for managing the evolving challenges of valuing digital assets and IP.
SESSION 4: Damages, Expert Evidence And Valuation In Commercial Disputes
The provision of expert evidence and utilisation of appropriate valuation methodologies are pivotal in resolving commercial disputes, wherein accountants must uphold their responsibility to act in the public interest. Our multi-disciplinary panel of experts will discuss the role of valuation techniques in dispute resolution, provide advice on balancing conflicting expert opinions and uncertainties in calculating economic damages in contentious litigation suits, and review the quantification of damages by credible expert witnesses.
SESSION 5: Revolutionising Valuation with AI, Metaverse and Virtual Reality
This session looks at how valuation practitioners can leverage on technology to innovate and optimise valuation practices. Discover how the integration of AI-driven insights is transforming valuation models. Be awed by how the metaverse and virtual reality (VR) are creating immersive, interactive environments that enable the assessment, visualisation, and simulation of assets in real-time, from real estate properties to digital assets.
Please click here for more information on the Business Valuation Forum 2024.
