BV News and Trends November 2021
A monthly roundup of key developments of interest to business valuation experts.
ASA fair value virtual conference December 1
The American Society of Appraisers will hold its 2021 ASA Fair Value Virtual Conference on December 1 from 1:00 p.m. to 5:10 p.m. ET.
FASB updates Topic 805 on business combinations regarding deferred revenues
The Financial Accounting Standards Board (FASB) announced an update to its business combinations standard (Topic 805) aimed at clarifying how to apply requirements under its revenue recognition rule.
PCAOB 2020 inspection reports released
The Public Company Accounting Oversight Board (PCAOB) has issued its 2020 annual inspection reports for the largest U.S. audit firms, including each of the Big Four, BDO, and Grant Thornton.
Updated Data Help Appraisers With RULs of Intangible Assets
To estimate the expected remaining useful life (RUL) of an intangible asset, it can be helpful to see how other appraisers have assigned RULs to similar assets in the subject industry. Data on 18 identifiable intangible types (also broken down by industry) culled from almost 16,000 purchase price allocations (PPAs) have been assembled into the third edition of Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations.
BV News and Trends October 2021
A monthly roundup of key developments of interest to business valuation experts.
Free model adjusts ROI distortion from missing intangibles
Intangible assets that are “missing” from corporate balance sheets (see prior coverage) distort performance metrics and generally overstates return on capital.
SEC Comment Letters Reveal COVID-19 Impacts—and Much More
How to benefit from the great deal of useful information about fair value measurement issues in comment letters the Securities and Exchange Commission (SEC) sends after it reviews public companies’ financial statements and disclosures.
New push to explore realignment of intangible asset disclosures
Long overdue is a re-examination of the reporting and disclosure framework for intangible assets (IA).
New course on intangibles debuts at the October ASA conference
A new advanced course on the valuation of intangible assets will make its debut at the ASA International Appraisers Conference in Las Vegas.
BVR releases updated data on identifiable intangibles
Data from almost 16,000 purchase price allocations (PPAs) are included in Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations, 3rd edition, which has just been released.
BV News and Trends August 2021
A monthly roundup of key developments of interest to business valuation experts.
Sneak preview of updated data on identifiable intangibles
Get an advance look at the new edition of a guide that analyzes data on the useful lives of intangible assets culled from over 15,000 purchase price allocations.
SEC comment letters uncover COVID-19 disclosures per PwC analysis
Valuable information can be gleaned about fair value measurement issues from comment letters the Securities and Exchange Commission (SEC) sends after it reviews public companies’ financial statements and disclosures.
BV News and Trends June 2021
A monthly roundup of key developments of interest to business valuation experts.
A lot going on in fair value, per speakers at ASA conference
Some important developments in the area of fair value for financial reporting were covered at the 2021 ASA Fair Value Virtual Conference, held June 10.
Financial reporting watchdogs ‘too lenient,’ say investors
The investor community is pressing the SEC to overhaul its financial reporting infrastructure as well as the PCAOB and FASB (overseen by the SEC), saying the watchdogs “are too lenient towards businesses and the accounting and auditing industry, especially the Big Four firms, that serves the businesses at the expense of investors who provide the capital,” according to an article in Accounting and Compliance Alert.
Tomorrow! Catch up on fair value for financial reporting
During a recent BVR Power Panel webinar, Ray Rath (Globalview Advisors) said there is “a lot of activity going on” in the area of fair value for financial reporting.
PCAOB approves formation of new advisory group
Fair value for financial reporting falls under the regulatory oversight of the Public Company Accounting Oversight Board (PCAOB), which will be forming a new advisory group for its standard-setting activities.
Practice Growth Opportunity in Valuing Financial Instruments
Valuation practitioners looking for a growth area should consider services related to financial instruments, according to Dr. Joel M. DiCicco (Center for International Business Valuation), speaking at the recent Second Annual Conference on the Art and Science of Business Valuation.
BVU News and Trends January 2021
A monthly roundup of key developments of interest to business valuation experts.
Insights From the Record-Breaking ASA Fair Value Conference
A huge audience listened to top speakers discuss current issues, company-specific risk, technology assets, preferred equity, inventory, and a regulatory update.
Reminder: Comments due on AICPA’s proposed standard on financial instrument valuation
The AICPA’s Auditing Standards Board (ASB) has proposed a standard designed to provide practitioners with more guidance on auditing management’s estimates of the fair value of financial instruments, including on the use of pricing services.
BVU News and Trends December 2020
A monthly roundup of key developments of interest to business valuation experts.
Five things to know from the ASA fair value conference
There was a vast attendance at the ASA’s Fair Value Virtual Conference, held November 18, with registrants from over 70 firms nationwide and six countries, including Australia, Bermuda, Mexico, Romania, Saudi Arabia, and Singapore.