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.
Tune in today for the ASA Virtual Fair Value Conference
Leading-edge topics and nationally recognized speakers highlight the American Society of Appraisers Virtual Fair Value Conference being held today November 18.
FASB probes fair value of restricted equity securities
The FASB has a project in initial deliberations, titled Effect of Underwriter Restrictions on Fair Value Measurements.
AICPA proposes new 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 October 2020
A monthly roundup of key developments of interest to business valuation experts.
AICPA addresses fair value of digital assets
The AICPA has added 13 questions and answers to its practice aid, Accounting for and Auditing of Digital Assets.
BVU News and Trends September 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends September 2020
Business valuation news from a global perspective.
FASB seeks to simplify fair value for private-company shares
The Financial Accounting Standards Board (FASB) has issued a proposal drafted by the Private Company Council (PPP) that would simplify how private companies determine the fair value of the shares underlying a share-option award on its grant date or modification date.
Valuers Stand Ground in Clash Over Purchase Price in SPAC Merger
A recent SPAC merger triggered a strong disagreement between a national valuation firm and the merged entity over the fair value of equity consideration issued for the target company. A special purpose acquisition company (SPAC) is a shell company that raises capital in an IPO and then acquires an operating company to form a new merged entity.
The SEC’s Not-So-Gentle Reminder: Show Your Work
A recent SEC comment letter to a company about its determination that no impairment of goodwill and intangible assets was needed, the agency sounded much like every math teacher we’ve all very likely encountered: Show your work!
BVU News and Trends August 2020
A monthly roundup of key developments of interest to business valuation experts.