The latest edition of the journal of the Organismo Italiano di Valutazione, the valuation standards-setter in Italy, is now available if you click here. This edition contains the following articles:
- The use of management’s prospective financial information: a focus on fair value measurement using discounted cash flow techniques (David C. Dufendach); and
- Early warning signs (value based) of imbalances in troubled firms (Mauro Bini).
Dufendach advises that valuation professionals should increase their familiarization regarding Guidance on PFI contained in the Mandatory Performance Framework (MPF1) and Application of the Mandatory Performance Framework (AMPF) for the CEIV credential—“even though it may not be required,” he writes. The guidance addresses professional skepticism, due diligence procedures, reasonably objective basis, and documentation.
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