Robert C. Brackett
Vitae

Robert C. Brackett, CPA, CVA, MM has served as president of Crandall & Brackett, Ltd. since 1991. As a respected member of the profession, Mr. Brackett is active in professional organizations that provide training and standards setting for Certified Public Accountants who perform business valuations. At the Illinois CPA Society, he served on various Business Valuation-related committees. Mr. Brackett serves on the Standards Committee for the National Association of Certified Valuation Analysts (NACVA). He served on NACVA’s Executive Advisory Board until 1996 when he was elected to chair the newly established Membership Board. Now past chairman, Mr. Brackett now serves in the position of ambassador for NACVA.

Mr. Brackett has authored and taught courses in business valuation theory and practice through the Illinois CPA Foundation, the American Institute of CPAs and NACVA. Mr. Brackett’s professional credentials include: a Certificate of Educational Achievement in Business Valuations from the Illinois CPA Society, and the American Institute of Certified Public Accountants; as well as the Certified Valuation Analyst designation awarded by NACVA.

Robert Brackett is a member of the following organizations:

American Institute of Certified Public Accountants
Illinois CPA Society
Massachusetts Society of CPAs
National Association of Certified Valuation Analysts
Institute of Business Appraisers
Institute of Industrial Engineers
Florida Institute of Certified Public Accountants

Mr. Brackett conducts seminars on valuations and ownership issues for many professional associations and business groups, and writes articles for monthly trade publications.

In May of 1999 Mr. Brackett received the "Member Emeritus" award from NACVA. This designation has only been awarded four times in NACVA's fourteen years of existence. The award reads in part: "This award is given to honor you for contributions to the Association of evolutionary significance. . . .Your consistent and dependable support has come in many ways and at all levels of Association involvement: Board, Committee, Instructing, Mentoring, Advising, wherever and whenever needed. NACVA is deeply indebted and wishes to endear you to the Association forever by presenting you this prestigious award which comes with lifetime membership to the Association."

Mr. Brackett’s background includes ten years of general business consulting, five years as an operating nuclear engineer, and an undergraduate degree in industrial engineering. He is also a retired Captain in the U.S. Navy Reserves and is active in the direction of local community emergency planning and response.

Robert C. Brackett
Vitae

Publications Currently in Print

International Association of Consultants, Valuators, and Analysts:
Universal and Fundamental Applications (2005), contributing author

Publications No Longer in Print

National Association of Certified Valuation Analysts:
Current Update in Business Valuations (1999, 2000/2001, 2002, 2003, 2004, 2005, 2006)
Current Issues in Report Writing, Ethics and Standards (1998)
Valuation Reports: Writing, Reviewing and Ethical Issues (1997)
Valuation Reports: Reviewing and Reporting (1995, 1996)
Illinois CPA Society:
Business Valuation Report Writing (BV8) (1994)
Valuation Report Writing (1993) [co-authored]
American Institute of Certified Public Accountants:
Business Valuation Report Writing (BV8-E) (1994)

Magazine, Newspaper & Periodic Articles

"NACVA Fine Tunes Their Standards", National Litigation Consultants’ Review, February 2008, volume 7, issue 9
"Business Valuations are Unique", The 2^nd Valuation Conference Papers, published by the World Association of Valuation Organization, Singapore, October 2007 (coauthored with James Catty).
"Membership Board Update", The Valuation Examiner, p.11 published by the National Association of Certified Valuation Analysts, Salt Lake City, Utah, Feb/Mar 99.
"Federal Rule 26", The Valuation Examiner, p. 6 published by the National Association of Certified Valuation Analysts, Salt Lake City, Utah, 2nd Quarter, 1994. Also published in the Professional Indemnity Management Company Quarterly publication, in January of 1995.
"A Loyal and Committed Member of His Profession", The Valuation Examiner, p.15, Third issue 1995.
"FIRREA Update", Valuation Examiner, 2nd Quarter, 1994, published by the National Association of Certified Valuation Analysts, Salt Lake City, Utah, p. 3.
"A Tribute to Art Crandall", Valuation Examiner, 2nd Quarter, 1994, published by the National Association of Certified Valuation Analysts, Salt Lake City, Utah, page 10.
"When to Call in the Pros", Insight, published by the Illinois CPA Society, volume 43, number 3, August 1993.
"Consulting", Insight, published by the Illinois CPA Society, volume 41, number 7, Dec/Jan 1992, p.16.

Interviews

"Exit Stage Left… Planning an Exit Strategy", The Landscape Contractor, published by the Illinois Landscape Contractors Association Magazine, Pat Peltier, December 2008 Issue, Page 20.
"Knowledge Transfer", Insight, published by the Illinois CPA Society, January/February 2005, page 42.
"Fallout from Sarbanes-Oxley: Elliott Davis Sells Valuation Unit", Accounting Today, Roger Russell, page 3, Source Media, Inc., New York, NY, January 12, 2004.
"How to Value Your Business", Talking Business, WDCB Radio, College of DuPage, Glen Ellyn, Illinois, August 18, 2000.
"What's Your Business Really Worth?", Talking Business, WDCB Radio, College of DuPage, Glen Ellyn, Illinois, February 13, 1998.
"Tax Law Changes Attract Members", Insight, published by the Illinois CPA Society, October 1997, page 6.
"What Works: New Businesses Get Ahead by Getting Involved", The Glen Ellyn News, Sec 1, Page 5, July 30, 1997.

Offices/Positions Held

International Association of Consultants, Valuators, and Analysts representative on the World Association of Valuation Organizations Board of Directors, 2007-present.
International Association of Consultants, Valuators, and Analysts representative on the International Standards Committee Board of Directors, 2007-present.
National Conference Committee of the National Association of Certified Valuation Analysts, 2006-present, member, participated in establishing educational agenda for the annual conferences.
Secretary (Corporate) to the International Association of Consultants, Valuators, and Analysts, 2006-present, serve as a non-voting member of the Board of Directors.
Standards Committee Member, and Standards Task Force, National Association of Certified Valuation Analysts, 1996-present.
Ambassador, National Association of Certified Valuation Analysts, 1999-present.
Chairman, Membership Board (1996 and 1997); National Association of Certified Valuation Analysts, Board Member 1996-1999 (responsible for conducting ethics Inquiries concerning members).
Executive Advisory Board, National Association of Certified Valuation Analysts, 1993-1996 (responsible for operating the Association).
Illinois CPA Society, Business Valuation Conference Task Force (1992, 1993, and 1994).

Speeches

Brand Valuations, 4^th Annual World Conference of Valuation Organizations Conference (2009), Guilin, China, November 25, 2009, Audience: International Business Valuation and Real Estate Appraisers.
Purchase Price Allocation, 3^rd Annual World Association of Valuation Organizations, Conference (2008), Bucharest, Romania, November 17, 2008, (Co-Presented with James Catty), Audience: International Business Valuation and Real Estate Appraisers.
Basic Business Valuation Theory and Practice, 2^nd Annual World Association of Valuation Organizations, Conference (2007), Beijing, China, October 8, 2007. Audience: International Business Valuation and Real Estate Appraisers.
How to Value Your Business for Possible Acquisition, College of DuPage, Glen Ellyn, Illinois, December 6, 2006. Audience: CEOs of local businesses.
Intellectual Property Valuation From the United State's Experience, Taiwan Academy of Banking and Finance, Taipei, Taiwan, November 5, 2004. Audience: Taiwan Investment Bankers.
Valuing Intellectual Properties, Taiwan Technology Market, an Intellectual Property Trade Show, Taipei, Taiwan, November 4, 2004. Audience: Taiwan venture capital investors, accountants, and attorneys.
New Risk Analysis of Section 144, Minority Discounting with no Controlling Shareholder, and Valuaing a Professional Practice, National Association of Certified Valuation Analysts, Florida Chapter Conference, January 15, 2004
What is My Business Really Worth?, Women's Network for Entrepreneurial Training, January 2, 2004.
Deciding Between (Valuation) Methodologies, Florida Chapter of NACVA, Ft. Lauderdale, Florida, January 9, 2003, Audience: Business Valuation Professionals
Basics of Starting a Business, Small Business Development Center, Bellwood, Illinois, October 30, 2002, Audience: Small Business Owners
There is a Small Business with that Real Estate, DuPage Association of Realtors, Wheaton, Illinois, April 27, 2001, Audience: Commercial Realtors of DuPage County, Illinois.
Ten Common Errors in Business Valuation Reports, Internal Revenue Service,September 12, 2000, Ft. Lauderdale, Florida: Audience: IRS Engineers.
August 25, 2000, Monmouth, New Jersey: Audience: IRS Engineers.
Cap Rates, Illinois National Association of Certified Valuation Analysts (NACVA) Chapter, November 16, 1999, Rosemont, Illinois, Audience: Illinois NACVA members.
New Programs and Ideas for Competing in the New Era, Pencor Mazur, LLC, November 4, 1999, Chicago, Illinois: Audience: CPAs.
Family Limited Partnership/Discounts for Gifting Vehicles, Edward Jones, September 17, 1998, Oak Brook, Illinois: Audience: Chicago area Certified Public Accountants.
The Price is Right, Association of Midwest Business Brokers, Business Brokers, March 21, 1996, Elk Grove Village, Illinois; Audience: Chicago Area Business Brokers.
Valuing Closely Held Businesses, DuPage Association of Realtors, January 20, 1995, Wheaton, Illinois; Audience: DuPage Commercial Real Estate Brokers.
Business Valuations and the CPA in 1995, Illinois CPA Society MAP Forum Groups, November 14, 1994, Rosemont, Illinois; Audience: Illinois Certified Public Accountants.
Buying a Business, Startup Resources, Inc., Feb 27, 1993, Oakbrook, Illinois; Audience: Small Business Owners.
Valuations of Business in Search of Equity Capital, Illinois CPA Society, Jan 20, 1993, Chicago, Illinois; Audience: Illinois Certified Public Accountants.
What is that Business You're Buying Really Worth, The Entrepreneur Career Management Roundtable, June 20,1992, Oak Brook, Illinois; Audience: Small Business Owners.
What is Your Business Really Worth, Carol Stream Chamber of Commerce, June 10, 1992, Carol Stream, Illinois; Audience: Small Business Owners.
Valuing your Client's Business: When is it time for the expert?, Westchester Financial Associates, Inc., June 5, 1992, Oak Brook, Illinois; Audience: Business Financial Advisors.
CPA Perspective on Business Valuations, Itasca Bank and Trust Company, September 26, 1991, Itasca, Illinois; Audience: Small business owners in DuPage County.
Business Valuations under the New Estate Tax & Gift Tax Provisions, Illinois CPA Society's 1991 Midwest Accounting and Business Management Show, August 28, 1991, Rosemont, Illinois; Audience: Illinois Certified Public Accountants.
Control Premiums and Minority Interest Discounts, Illinois CPA Society's 1991 Business Valuation Conference, May 6, 1991, Chicago, Illinois; Audience: Illinois Certified Public Accountants.

Courses Taught

Working Through the Business Valuation Standards Maze, National Association of Certified Valuation Analysts; September 20, 2007-present, Classroom and as a Webinar (over the Internet). Audience: Certified Public Accountants.
Forensic Accounting for Valuation, Auditing, Litigation and Fraud Practitioners – Tips, Tricks, and Tools and Techniques, National Association of Certified Valuation Analysts, October 10, 2008, Milwaukee, Wisconsin, Audience: Wisconsin Certified Public Accountants.
Brand Valuations, Thailand Real Estate Business School, December 3 and 4, 2007, Ho Chi Minh City, Vietnam, Audience: Vietnamese Business Valuation Professionals.
Managing the (Business Valuation) Client, National Association of Certified Valuation Analysts, June 8, 2007, Washington DC. Audience: International Business Valuation Professionals.
Business Valuation Update for CPAs in Public Practice, Illinois CPA Society, Fox Valley Chapter, January 18, 2007, Lisle, Illinois. Audience: Illinois Certified Public Accountants.
Current Update in Business Valuations, National Association of Certified Valuation Analysts, numerous courses taught across the country from 1999 through 2007.
Practice Management Roundtables in Budgeting and Time, National Conference, National Association of Certified Valuation Analysts; June 2, 2006, San Francisco, California. Audience: International Business Valuation Analysts.
Current Issues in Presenting Your Opinion, Illinois State Chapter, National Association of Certified Valuation Analysts; January 19, 2006; Chicago, Illinois; co-taught; Audience: Illinois Business Valuation Analysts.
Cost of Capital Discussion, Illinois State Chapter, National Association of Certified Valuation Analysts, November 17, 2005, Schaumburg, Illinois, co-taught. Audience: Illinois Business Valuation Analysts.
Update Your Knowledge in Business Valuation Theory and Practice—Part 1, Illinois State Chapter, National Association of Certified Valuation Analysts; October 7, 2004; Schaumburg, Illinois; co-taught. Audience: Illinois Business Valuation Analysts.
Current Issues in Report Writing, Ethics and Standards, National Association of Certified Valuation Analysts, numerous courses taught across the country from 1998-1999.
Valuation Report Writing, National Association of Certified Valuation Analysts, numerous courses taught across the country from 1995 through 1998.
Valuation Report Writing, the American Institute of Certified Public Accountants, December 9, 1994, December 14, 1994, and December 19, 1994.
Valuation Report Writing, the Illinois CPA Society, August 11, 1991, August 18, 1993 October 15, 1993, and January 19, 1995.
Buying a Business: What is it Worth? College of DuPage, Glen Ellyn, Illinois, May 5, 1993, October 4, 1993, February 24, 1994, and April 12, 1995.
There is a Business Listed with that Real Estate, College of DuPage, Glen Ellyn, Illinois, January 20, 1995.
Estate Freezes for the 1990’s, Crandall and Brackett, Ltd., DuPage County area Certified Public Accountants and Attorneys, October 20, 1993 and December 8, 1993, Hinsdale, Illinois.

Awards, Honors and Certifications

"Member Emeritus" designation, National Association of Certified Valuation Analysts, Salt Lake City, Utah, May 20, 1999, which reads in part "This award is given to honor you for contributions to the Association of evolutionary significance. Without your past support we can say the National Association of Certified Valuation Analysts (NACVA) would not be where it is today. Your consistent and dependable support has come in many ways and at all levels of Association involvement: Board, Committee, Instructing, Mentoring, Advising, wherever and whenever needed. NACVA is deeply indebted and wishes to endear you to the Association forever by presenting you this prestigious award which comes with lifetime membership to the Association."

"Certified Valuation Analyst" designation, National Association of Certified Valuation Analysts, Salt Lake City, Utah, August 12, 1992.

Certified Public Accountant, Certificate 9265, 3 November 1983, Commonwealth of Massachusetts.

Registered Certified Public Accountant, Certificate 12801901, License No. 239.008144 expires September 30, 2009, State of Illinois, Department of Financial and Professional Regulation, Division of Professional Regulation.

Certificates in Educational Achievement in the Field of Business Valuation:
American Institute of Certified Public Accountants, March 30, 1992
Illinois CPA Society, January 10, 1992

Outstanding Member Award, National Association of Certified Valuation Analysts, May 16, 1996.

Listed in Who's Who:
Lexington's 1999\2000 Millennium Edition of the Registry,
Nationwide Register's 2000-2001 Edition,
Strathmore's 2000 Registry,
Marquis Who's Who 2002-current Editions.

Education

Masters in Management from the J. L. Kellogg Graduate School of Management, Northwestern University, awarded June 19, 1982.

Bachelor of Science in Industrial Engineering from Iowa State University of Science and Technology, awarded May 24, 1975.

Testimony and Depositions

Testimony: Goy v. Golden Heart Home Health, Inc.; Circuit Court of Cook County, Illinois, Chancery Division, Case # 05 CH 20761, March 20, 2008.

Testimony: Scully v. Eclipse Packaging, Inc. and Daniel Gitter, Circuit Court for the Eighteenth Judicial Circuit, DuPage County, Illinois, Case # 00 CH 01046, October 25, 2005.

Testimony: A.R. Holland, Inc. v. McAlpin Properties, Inc., et al., Circuit Court in and for Escambia County, Florida, November 3 and 4, 2003.

Testimony: State of Florida Department of Transportation v. American National Insurance Company, et al., Circuit Court for the First Judicial Circuit, Escambia County, Florida, April 15, 2003.

Testimony: Telular Corporation vs. Vox 2 Inc., United States District Court, Case #0006144, July 25, 2001.

Testimony: Miller v. Darnell, Circuit Court of Cook County, Illinois, Case # 99 M1 104106, June 7, 2000 - July 7, 2000.

Testimony: Manziek v. Manziek, Circuit Court in and for Escambia County, Florida, Case # 96-1733-FL-01, Division E, March 23 and March 24, 1998.

Deposition: Scully v. Eclipse Packaging, Inc. and Daniel Gitter, Circuit Court for the Eighteenth Judicial Circuit, DuPage County, Illinois, Case # 00 CH 01046, July 14, 2005.

Deposition: Ciambrone v. Ciambrone, Circuit Court for the Eighteenth Judicial Circuit, DuPage County, Illinois, Case # 02 D 3060, April 5, 2005.

Deposition: Joseph Tages, M.D. et al v. Univision Television Group, Inc. and Telefutura Television Group, Inc., United States District Court, Northern District of Illinois, Eastern Division; Case # 04-C-3738, February 14, 2005.

Deposition: A.R. Holland, Inc. v. McAlpin Properties, Inc., et al., Circuit Court in and for Escambia County, Florida, October 1, 2003.

Deposition: Laser Technologies, Inc. v. James C. Baumgartner, Circuit Court of the Sixteenth Judicial Circuit of Kane County, Illinois, September 23, 2003.

Deposition: State of Florida Department of Transportation v. American National Insurance Company, et. al., Circuit Court for the First Judicial Circuit, Escambia County, Florida, January 13, 2003.

Deposition: Telular Corporation vs. Vox 2 Inc., United States District Court, Case #0006144, July 20, 2001.

Deposition: D'Aversa v. D'Aversa, Circuit Court for the Eighteenth Judicial Circuit, DuPage County, Illinois, Case # 98 D 2216, March 17, 2001.

Deposition: Technic Engineering, Limited, f/k/a Fitzroy Engineering, Ltd., a New Zealand Corp., v. Basic Envirotech, in the District Court of the United States for the Northern District of Illinois Eastern Division, December 14 and 17, 1998.