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22 AUG 2018
John Corbett, National Practice Leader – Financial Reporting Services, Senior Managing Director of Valuation & Advisory at Newmark Knight Frank has recently achieved fellowship status in RICS Americas. We congratulate him on his achievement.
We asked him a few questions to get to know him better.
Considering the criteria upon which the Fellowship designation is granted, the FRICS designation is validation for the years spent accumulating knowledge and experience within the valuation field. It is justification for working toward a goal and exhibiting perseverance through those difficult times each of us face in the course of our careers.
From both a personal growth and professional perspective, I have learned that what differentiates you from others is not ‘what’ you do or ‘how’ you do it but rather ‘why’ you do it.
The focus of my career has been valuation and advisory related to fair value reporting to meet client’s financial reporting requirements. Domestically, these requirements are established by generally accepted accounting principles (“GAAP”) and administered by the Financial Accounting Standards Board (“FASB”). Internationally, the standards are represented by the International Financial Reporting Standards (“IFRS”) and administered by the International Accounting Standards Board (“IASB”).
Considering the current initiative to converge and eliminate inconsistencies between the two standards (i.e., GAAP & IFRS), I am closely observing the resulting changes to ensure our modelling techniques and assumptions are consistent with updated guidance.