The State of IPR&D: Examining the AICPA Exposure Draft

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Training Event Transcripts
February 9, 2012
David Dufendach, CPA/ABV, ASA


The Nov. 18, 2011, release of "Assets Acquired to Be Used in Research and Development Activities" was first step in a long-awaited update to a practice aid initially issued in 2001. As the AICPA's Financial Reporting Executive Committee (FinREC), which oversees report-issuing IPR&D Task Force, states, "This guide addresses many new accounting and valuation issues that have emerged over the years." On February 9, task force member and valuation expert David Dufendach joins BVR to discuss the exposure draft, its contents, and how the valuation community can participate in its final form through the feedback the task force is currently soliciting. Join Dufendach as he leads us through the reasoning behind the many decisions the task force made and how they hope to solve the many valuation issues that have arisen since the initial 2001 practice aid's release.
The State of IPR&D: Examining the AICPA Exposure Draft
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