Accountants or business broker – who prepares the better small business valuations?
Posted on 27, January 2015
in Category blog
There is a natural tension between accountants and business brokers when it comes to small business valuations. The accountants correctly argue that they have strong technical skills whereas the business brokers say (also correctly) that they are across what is actually happening in small business sales – so which is better?
I am encouraged that both Chartered Accountants and Australian Institute of Business Brokers (AIBB) have recognised the special skills and experience required to professionally value businesses and introduced courses, accreditation and professional standards. The Chartered Accountants have the CA Business Valuation Specialisation and AIBB have Registered Business Valuers.
For me, either qualification is superior to accountants or business brokers who purport to value businesses, without sufficient skills and experience and market knowledge.
What is your experience?
Endeavour Capital – Sydney
CA Business Valuation Specialist
AIBB Registered Business Valuer
Business sales | Business valuations | Corporate Advisory | Succession and Exit planning