Reviewing Business Appraisal Reports: The Devil is in the Details

Guest columnist L. Paul Hood, Jr., JD, LLM shares the questions he always asks when reviewing a business appraisal report.

Changing ESOP Appraisers: Why It Might Be Necessary and How to Accomplish It

Given the instability of the economy, maturing ESOPs, and, importantly, the proposed DOL regulation that would designate ESOP appraisers as fiduciaries of the plans they value, trustees and sponsor companies may need to change ESOP appraisers. Here is why and how. By Timothy R. Lee, ASA and Wendy S. Ingalls, CPA/ABV, CBA, ASA


The ESOP Corner

Upcoming ESOP Events
  • Tri-Chapter Regional Conference : Pinehurst, NC March 27-29
  • NCEO Annual Conference : Denver, CO April 13-15
  • ESOP Association Annual Conf.: Washington, DC May 12-13
Presentation of Interest
Other ESOP Articles of Interest

About Mercer Capital

Mercer Capital is a full-service business valuation and financial advisory services firm. Valuation services are provided for estate and gift tax compliance matters, limited and general partnerships, employee stock ownership plans, profit sharing plans, buy-sell agreements, mergers and acquisitions, and litigation support. 

For more information, visit our website at

March 2011

Coming in
May 2011

A Reviewer's Handbook to Business Valuation
by L. Paul Hood, Jr., JD, LLM and Timothy R. Lee, ASA

New Website
A Valuation Discussion Moderated by Chris Mercer
Check it out at

Upcoming Speeches

Fair Value Issues
Georgia Society of CPAs
Matthew R. Crow, ASA, CFA

Buy-Sell Agreements 
American Academy of Matrimonial Lawyers
Z. Christopher Mercer, ASA, CFA, ABAR

Complete Listing

In the Next Issue

It's a New Year. Have You Had Your Buy-Sell Agreement Reviewed Yet?

Court Case Update

Now Is the Time to Act - But Do It Right
Copyright © 2011 Mercer Capital, All rights reserved.

Value Matters (TM) is published six times a year and does not constitute legal or financial consulting advice. It is offered as an information service to our clients and friends. Those interested in specific guidance for legal, tax, or accounting matters should seek competent professional advice. Inquiries to discuss specific valuation matters are welcomed.