Director, Business Valuation, Deloitte Transactions and Business Analytics LLP*; Center of Valuation Excellence Leader
Greg Forsythe, CFA, ASA, is a director serving as the Center of Valuation Excellence leader and the technical specialist of the Business Valuation practice. For these roles, Greg leads the development of valuation technical standards and educational course content across the business and intangible asset, real estate, and machinery and equipment valuation disciplines.
Distinguished within the valuation profession, Greg's leadership positions have included:
- Chairman of the Professional Board of the International Valuation Standards Council (IVSC). Previously, Greg held the role of Vice Chair. The IVSC is an independent, not-for-profit, private sector organization that works with organizations throughout the world to harmonize and promote agreement and understanding of valuation standards. As a member of the IVPB, Greg’s primary responsibility is to help develop the valuation profession globally, and in particular, lead the development of International Professional Standards for Professional Valuers.
- Member of the Financial Accounting Standards Board (FASB)’s Valuation Resource Group, which worked to provide the FASB with input on potential clarifying guidance on issues relating to the application of ASC Topic 820, Fair Value Measurements and Disclosures (formerly SFAS 157). Greg also participated in an International Accounting Standards Board (IASB) Working Group regarding fair value measurements.
- Member of the American Society of Appraiser’s Business Valuation Committee (ASA-BVC). The goal of the ASA-BVC was to help foster growth and further development of the business valuation profession worldwide through education and administrative aid, focusing on topics such as International Financial Reporting Standards (IFRSs).
- Member of the American Institute of Certified Public Accountants (AICPA)’s Business Valuation Standards Writing Task Force, contributing to the AICPA’s “Statement on Standards for Valuation Services No. 1” issued on June 21, 2007, and effective for engagements accepted on or after January 1, 2008.
- In January 2007, Greg was selected to participate in The Appraisal Foundation’s first Working Group on “Best Practices for Intangible Asset Valuations in Financial Reporting.” On May 31, 2010, the Appraisal Foundation finalized the Group’s Monograph and related Toolkit: “The Identification of Contributory Assets and Calculation of Economic Rents”.
- In addition to his leadership positions, Greg is frequently a source for top tier and trade media reporters. Greg has been quoted in CFO magazine, The Deal, Compliance Week, Compliance Reporter, Accounting Today, Directorship, WebCPA.com, Corporate Finance Review, and the Pittsburgh Post-Gazette, among other publications.
In November of 2010, through his role with the IVSC, Greg spoke at the World Congress of Accountants; an event that occurs every four years and attracts more than 6,000 participants. In addition to helping shape global valuation best practice and guidance, Greg is dedicated to developing a knowledge-sharing community at Deloitte, thereby better enabling our professionals to provide consistent service and maintain our leadership position in an ever changing valuation industry.
Greg’s 23 years of appraisal experience includes both valuation and valuation consulting related to entire business entities, business interests, various debt and equity securities, and intangible and intellectual property for both public corporations and privately held companies. In addition, Greg’s career has included experience valuing tangible assets such as real estate and machinery and equipment, as well as leading engagements involving all of the various asset classes.
Greg holds a bachelor's degree in mathematics and a post graduate certificate in education from the University of London and a master of business administration degree in finance from the University of Pittsburgh. Greg is a CFA and holds the ASA accreditation.
In the News
Greg has authored a number of articles and has been featured in the press. Greg also serves as a Deloitte Eminence Fellow and in that capacity he is charged with producing and overseeing the development of high-quality thought leadership. Read more:
- Minimizing goodwill impairment differences globally: No fast or simple solution
- The goodwill impairment dilemma: What happens when U.S. GAAP and IFRSs clash?
- Goodwill impairment testing: Building a solid approach to step zero
- New goodwill impairment standard leaves questions
*Deloitte Transactions and Business Analytics LLP (DTBA) is an affiliate of Deloitte Financial Advisory Services LLP (Deloitte FAS). DTBA is not a CPA firm.
As used in this document, “Deloitte” means Deloitte Transactions and Business Analytics LLP, an affiliate of Deloitte Financial Advisory Services LLP. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.