The nuances of the GAAP fair value standard and history of how it was developed as part of the GAAP-IFRS convergence project is discussed. Also, how the valuation approaches and methods used in fair value assessment differ from valuation approaches used in a fair market value appraisal is examined.
A former IRS manager will address key rules for federal expert witnesses, discuss valuation issues with the IRS, identify key recent BV federal cases, and reveal what to expect in 2022.
Please let us know
if you have any comments about this article or enhancements you would like to see.