Magazine article The CPA Journal

Book Review: Valuing Accounting Practices

Magazine article The CPA Journal

Book Review: Valuing Accounting Practices

Article excerpt

Br BOOK REVIEW: VALUING ACCOUNTING PRACTICES By Robert F. Reilly and Robert P. Schweihs

Published by John Wiley < Sons, Inc $85

Why would you want to know how to value an accounting practice? In addition to the usual reasons related to transaction pricing and structuring, succession planning, litigation (particularly matrimonial), and taxation, this book can be very useful if you would want to improve your skills as a professional appraiser of accounting firms. While the book may be helpful for valuing regional and national accounting firms, most of the illustrative examples relate to small (i.e., one-to-ten partner accounting firms).

If you are looking for someone to give you the right valuation pricing multiples for your firm, you will have to look elsewhere. The authors, however, do tell you how to develop such a base and where you can obtain operating statistics. The book has been written for professional valuation analysts. …

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