What about my CPA firm, can’t they appraise my business?

We live in a world of specialization, whether we like it or not. CPAs do an excellent job in their specialty of tax and audit work, and occasionally offer bookkeeping services to their clients as well. But very few CPAs offer the expertise to value a business because it is not their specialty. We often work with CPAs on valuation projects because of the excellence they represent with respect to the record keeping required to produce financial statements as well as their overall familiarity with the client’s operation. Your CPA is no doubt a trusted advisor and is often an important participant in the project. But your valuation assignment is best handled by a firm which specializes in nothing but business valuation/appraisal and whose track record reflects many, many years of business valuation experience.

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