On the morning of April 28, a delegation of the International Association of Consultants, Valuators and Analysts（IACVA）led by its President, also a guest professor of School of Public Finance William A. Hanlin and its Director of Education J.Richard Claywell, was invited to visit School of Public Finance to conduct academic exchanges and lectures. Professor Liu Yuping, vice president of School of Public Finance hosted the lecture, and all the teachers and students of assets assessment attended the lecture.

Mr. William A. Hanlin described the expanding role of valuation. He elaborated on the important role of valuation by introducing the development of international valuation and how valuation worked in tax declaration, global investment, mergers and acquisitions and other business issues. He also raised the goal of valuation. Mr. Hanlin believed that we should use the same valuation practices all over the world, and this is also a long-term goal for IACVA to achieve.

Mr. J. Richard Claywell gave a lecture on relationships between risk and value in valuation. He started with the various reasons for valuation, such as financial reporting, mergers and acquisitions, controversies in the litigation and insurance payments and taxes-estate (planning and filing), emphasizing the importance role of valuation in economic life. He also specifically addressed the relationship between risk and value and how to discover risk in practice, in aspects of financial statements, operations documents, management interviews, etc.

During the lecture, some questions were raised by the students, involving goodwill valuation, international valuation standards setting, professional cooperation in valuation, valuation of synergies in mergers and acquisitions, and measurement of nature or political risks, etc. The two experts answered these questions combined with the status quo at home and abroad as well as cases. The lecture was very successful and all the students expressed that the lecture helped open up their international perspective and it is of great significance to further understanding and learning of valuation.

After the lecture, Professor Liu Yuping, vice president of School of Public Finance, expressed his sincere thanks to Mr. Hanlin and his colleagues. Then he introduced the development and achievements of School of Public Finance on teacher team building, students training, international communication, etc. Mr. Hanlin expressed his hope of more communication between IACVA and School of Public Finance. Professor Liu Yuping offered to hire Mr. J.Richard Claywell as guest professor of School of Public Finance. Mr. Claywell accepted it with pleasure, and hoped to strengthen academic exchanges with our school.

At noon, professor Ma Haitao, president of School of Public Finance, met Mr. Hanlin and his colleagues. The two sides exchanged views on future academic exchanges and cooperation and reached a preliminary cooperation. Mr. Hanlin’s visit not only promoted the cooperation and communication between IACVA and School of Public Finance, but also greatly enhanced the research and exchanges between the two sides in the field of valuation, which is of great significance to the development of School of Assets Assessment.