CBV Exam Level 1 Questions & Answers 024/2025

CBV Exam Level 1 Questions & Answers 024/2025 Requirements Prior to Initial Client Meeting - ANSWERS1) Name of the party engaging the valuator 2) The subject company or companies and significant shareholders 3) Nature of the assignment (E.g. Valuation, Loss quantification, transaction, etc) 4) Any other party involved (e.g. for disputes or transactions) 5) The potential users of the deliverable 6) Legal counsel representing the parties to the dispute (if any) Requirements for the Start of the Initial Client Meeting - ANSWERS1) The context of the assignment (purpose, applicable legislation, governing contracts, and other relevant factors) 2) Anticipated role of the valuator (Expert, Advocate, or Arbitrator) Requirements After The Start of the Initial Meeting - ANSWERS1) Valuation/loss date 2) Appropriate definition of value to be used 3) The subject shares/assets, etc 4) The time frame for completion of the assignment 5) Payment terms (e.g. approx $, who is paying, etc) 6) Final reporting details (e.g. type of report, who it is addressed to, and management representations) Background Information Required During Early Phases of Client Engagment - ANSWERS1) Basic data concerning the business (e.g. address, management, contacts, auditors, shareholders, etc) 2) Whether other experts need to be consulted. If so, their credentials should be confirmed in advance 3) Whether any prior valuations/offers/discussions, etc have been prepared for the asset/company