Christopher D. Hays,  CPA/ABV, ASA, CVA

Manager

Jones & Roth, P.C.

Education

Credentials and Professional Affiliations

Professional Memberships

American Institute of Certified Public Accountants

American Society of Appraisers

National Association of Certified Valuation Analysts

Oregon Society of Certified Public Accountants

Treasurer of the Local Service Area

Professional Experience

2001 – Present         Manager, Jones & Roth, P.C., CPAs and Business Consultants

                                    Eugene, Oregon

1997 – 2001              Principal, Kemper CPA Group, LLC

                                    Stockton, California

1993 – 1996              Senior Accountant, Campos & Stratis LLP

                                    Rancho Cordova, California

1987 – 1993              Accounting Supervisor, United Parcel Service

                                    Sacramento, California

Valuation and Litigation Support Related Education

Mr. Hays has attended annual business valuation conferences provided by nationally recognized valuation associations.  In addition, he attended the Eminent Domain Conference in 2000 and has taken various valuation and litigation support courses through the National Association of Certified Valuation Analysts and the American Institute of Certified Public Accountants.  Courses taken include issues specific to the implementation of the Financial Accounting Standards Board (FASB) pronouncements SFAS 141 – Business Combinations and SFAS 142 – Goodwill and Other Intangible Assets.

Valuation and Litigation Support Related Experience

Mr. Hays has worked on numerous valuation and litigation support related engagements over the last nine years.  These engagements included valuing interests in businesses engaged in manufacturing, retail/wholesale, professional services, medical, and various other service industries.  They have involved a variety of purposes and entity types as described below:

In addition, Mr. Hays has performed gift and estate tax valuations for limited liability companies (LLCs) and family limited partnerships (FLPs) holding marketable securities, real estate, agricultural land, notes receivable, and a variety of asset classes.  He has also been involved in a variety of engagements relating to the calculation of economic damages, business interruption loss, extra expense analysis, and investigative auditing.

Mr. Hays has also testified as an expert witness in the state of Oregon.

PROFESSIONAL PARAMETERS

CPA/ABV Designation

The American Institute of Certified Public Accountants (AICPA) has recognized that, in order to perform quality services in certain professional areas, additional expertise and experience is necessary.  In 1998, the AICPA established the Accredited in Business Valuation, “ABV” designation to acknowledge this requirement in business valuation.  This ABV accreditation has been granted to qualified professionals starting in 1998.

Institute members who have satisfactorily demonstrated that he or she is qualified to provide business appraisal services has been granted the right to use the professional designation Accredited in Business Valuation, "ABV".  Such designation is predicated upon AICPA criteria: active CPA status in good standing, written examination, and substantial involvement in business valuations (minimum of 75 hours of continuing professional education in business valuation and 10 business appraisals).  Those receiving this accreditation are required to obtain 60 hours of continuing professional education, and submit an experience affidavit evidencing substantial involvement in a minimum of 5 business valuation engagements during each subsequent three year period.

ASA Designation

The American Society of Appraisers is a professional organization of individual appraisers.  International in structure, it is self-supporting and unaffiliated.  The Society works cooperatively for the evaluation of the standards of practice of the appraisal profession.

The only major appraisal organization representing all of the multi-disciplines of appraisal specialists, the Society was founded in 1952 and is headquartered in Washington, D.C. (The American Society of Technical Appraisers and the Technical Valuation Society, organized in 1936 and 1939 respectively, were consolidated creating the American Society of Appraisers.)

Society members include valuation specialists in equities, securities, land, equipment, buildings, art objects, engineering, finance, assessment, insurance law, accounting, natural resources, public utilities, and gems; in short, all types of property, tangible and intangible, real or personal.

Each Society member who has satisfactorily demonstrated that he or she is qualified to appraise one or more of the existing kinds of property has been granted the right to use the professional designation Accredited Senior Appraiser, "ASA".  Such designation is predicated upon Society criteria: written examinations, submission of representative appraisal reports, five years of full-time valuation experience and screening of the applicant's practice and ethics constitute some of the requirements.  Senior Members are required to be recertified every five years.

Ethical practices and conduct required of Society members are defined in "The Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers".

CVA Designation

The National Association of Certified Valuation Analysts (NACVA) certifies individuals that have demonstrated that they have the skills and technical competencies to perform business valuation services.  Through training and rigorous testing practitioners demonstrate they are qualified to provide capable and professionally executed valuation services.  This involves the successful completion of a five day training program and a two part exam that includes the preparation of a complete business valuation.  A candidate must also be a licensed CPA in order to receive the CVA designation.  Users of valuation services benefit by having greater confidence that the service they receive is professional in quality, adheres to industry standards of practice, and meets a level of expertise the Association deems credible and worthy of one of its certified members.

The Association also requires those who have earned the designation to obtain 36 hours of continuing professional education every three years and participate in their Quality Enhancement Program.