BOSTON, March 4 /PRNewswire/ -- As a response to the IRS's move toraise "qualified appraiser" standards, Newbury Piret Managing DirectorRonald J. Adams, CPA and MBA has successfully completed the certificationprocess with the National Association of Certified Valuation Analysts(NACVA(R)) to earn his designation of Certified Valuation Analyst (CVA).Treasury Circular 230, then the Pension Protection Act (PPA) of thissummer, quickly followed by IRS Notice 2006-96 all evidence the process bywhich oversight of the appraisal community is being intensified. In his announcement, NACVA Chief Executive Officer, Parnell Black, MBA,CPA, CVA, noted, "the designation is an indication to the professionalcommunity that Mr. Adams has met the association's rigorous standards ofprofessionalism, expertise, objectivity, and integrity in the field ofbusiness valuation, litigation support, and related consultingdisciplines." Requirements to earn the Certified Valuation Analystdesignation include being a licensed certified public accountant,completing NACVA's training program, and successfully completing theassociation's comprehensive examination. To maintain his certification as a certified valuation analyst, RonaldAdams will be required to periodically obtain continuing professionaleducation in areas related to business valuation and/or litigationconsulting and participate in programs sponsored by NACVA that promotequality and adherence to industry standards. During his tenure at Newbury Piret, Mr. Adams has advised numerousclients for business enterprise and intangible asset valuations, mergersand acquisitions, income tax planning, financial accounting and reporting,asset divestiture, financial and operational due diligence, gift and estatetax planning valuation, equity buy/sell valuations and negotiations, andeconomic and financial feasibility studies. Mr. Adams has provided advicefor numerous fairness opinions, stock and stock option valuations, and FAS141 & 142 valuations for financial accounting and tax reporting purposes. Mr. Adams holds an MBA from Northeastern University and received hisBachelor degrees in Finance and Accounting from Northeastern University'sCollege of Business Administration. He is a fellow of the MassachusettsSociety of Certified Public Accountants, a member of the American Instituteof Certified Public Accountants, a member of the Institute of BusinessAppraisers, a member of the National Association of Certified ValuationAnalysts, and a member of the Association for Corporate Growth. Commenting on Ron Adams' success in receiving the CVA designation,Marguerite A. Piret, President and CEO of Newbury Piret & Co. said, "At atime when private and governmental users of valuation services are seekingadditional assurance of work product quality, Ron's CVA designation willgive extra validation to Newbury Piret valuations work for it's clients." About The National Association of Certified Valuation Analysts The National Association of Certified Valuation Analysts (NACVA) is aglobal, professional association that supports the business and intangibleasset valuations, litigation consulting, and fraud deterrence disciplineswithin the Certified Public Accountant (CPA) and professional businessadvisory communities. Along with its training and certification programs,NACVA offers research support, software, journals, reference materials, andproprietary databases to enhance the professional capabilities andcapacities of its members. Members of the Association must comply withstandards and guidelines in the provision of their services, and they mustperiodically recertify to maintain credentialed status. About Newbury Piret & Co. Founded in 1981, Newbury Piret & Co., Inc. is a leading New Englandinvestment banking firm providing corporate finance services including M&A,financing, and valuation services. Headquartered in Boston andindependently owned, Newbury Piret is a FINRA licensed broker dealerfocused on middle- market companies, the private equity community andbusiness owning families. Newbury Piret is regarded as unique in providingstrategic advice in M&A along with financing capabilities which supportacquisitions, growth investments, and recapitalizations. Newbury Piret isone of New England's Top Investment Banks in 2006 as ranked by the BostonBusiness Journal and is a sponsor of Northeastern University's Center forFamily Business. Newbury Piret shares its observations about the M&A andcapital markets through its Capital Markets Review. For furtherinformation, please visit
Contact: LaVonna Bowen Newbury, Piret & Company, Inc. 617-367-7300
Newbury Piret's Ronald J. Adams, CPA, MBA Awarded the CVA Designation
March 05, 2008, 10:27 p.m. EST 3 Min Read
