Fort Worth, TX (April 16, 2019) – Whitley Penn is pleased to announce that Robert Allen has earned the ABV credential by the American Institute of Certified Public Accountants (AICPA).
Allen has more than 18 years of financial advisory and valuation experience. His areas of expertise include business valuation, intangible asset valuation, and value enhancement consulting. He has carefully valued businesses and partnerships in several industries for a variety of purposes, including tax reporting, financial reporting, regulatory compliance, litigation support, management consulting, succession planning and transactional advisory support. Allen has extensive experience with purchase price allocations (ASC 805), goodwill impairment testing (ASC 350), stock-based compensation/options (ASC 718/IRC 409a), intangible asset valuation, estate, and gift tax valuation, litigation and collaborative law matters, buy/sell agreement valuations, fairness opinions, solvency opinions, healthcare compensation studies, and transfer pricing studies.
Additionally, he has experience consulting with business owners on valuation and strategic planning issues including the identification of value drivers and business risks to evaluate the impact on business value, identification of critical success factors and key performance indicators, the development of budgets and forecasts, and strategic benchmarking.
Allen earned a Bachelor of Business Administration degree in finance from Texas A&M University and a Master of Business Administration degree in finance from Texas Christian University. He is a CFA charter holder and a member of the CFA Institute as well as a member of the American Society of Appraisers (ASA). He previously served as an adjunct faculty member at the Neeley School of Business at Texas Christian University, where he taught Valuation in the Masters of Accounting program.
The Accredited in Business Valuation (ABV®) credential is granted exclusively by the AICPA to CPAs and qualified valuation professionals. The ABV credential gives members an advantage by arming them with the tools and resources needed to provide the best service to their clients and employers.
The American Institute of CPAs is the world’s largest member association representing the accounting profession and a history of serving the public interest since 1887. With more than 431,000 members, AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
Whitley Penn continues to be one of the region’s most distinguished public accounting firms. With a strong base in Texas and a worldwide network affiliation via Nexia International, the firm is strategically positioned for continued growth both locally and internationally. Whitley Penn has been consistently recognized as “One of the Top 100 Firms in the U.S.” and “Best of the Best” by INSIDE Public Accounting. For more information on Whitley Penn, please visit whitleypenn.com.