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.
Valuation of Inventory: Taking Stock of the Guidance
Given divergences in both practice and guidance, inventory valuation can seem challenging. In this webinar, Anthony Pumphrey will illustrate simple, straightforward modifications to the valuation of inventory that you can incorporate into your valuation process. Review what comprises the book value of inventory and valuation guidance from the FASB, the IRS, and the AICPA. Next, walk through an example valuation of raw materials, work-in-progress, and finished goods in accordance with this guidance. The example provided ...
Global BV News: D&P surveys impairments in the Asia-Pacific region
Close to a third of the companies surveyed in the Asia-Pacific (APAC) region anticipate taking a goodwill impairment, according to a survey report from Duff & Phelps.
Fair Value Measurements Amid the Covid-19 Crisis
Reporting entities in recent years generally benefited from a growing economy, which may have allowed auditors to gain comfort with fair value measurements for financial reporting purposes with relatively less documentation. The disruption to global economic activity and financial markets suggest that a business as usual approach may no longer apply to these same fair value measurements. Consequently, reporting entities can expect fair value measurements to receive greater scrutiny from their auditors and a heighted ...
ASA comments on SEC’s proposed rule on fair value
In a letter to the SEC, the American Society of Appraisers (ASA) voiced its general support for a proposed rule that harmonizes existing fund valuation guidance and clarifies what is expected from boards and advisors when a market quotation is not readily available.
BVU News and Trends June 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends June 2020
Business valuation news from a global perspective.
Latest SEC comment letter trends in PwC analysis
Valuable information can be gleaned about fair value measurement issues from comment letters the SEC sends after it reviews public companies’ financial statements and disclosures.
ASA Fair Value Virtual Conference airs live June 18
Any practitioner involved in fair value should tune in to the first-ever ASA Fair Value Virtual Conference tomorrow, June 18.
Houlihan Lokey notes increase in ‘affiliate transactions’ leading to current demand for fairness opinions
Some investment fund sponsors are now holding damaged assets in many of their late-state funds.
IPEV offers guidance for 31 March valuations
The International Private Equity & Venture Capital Valuation Guidelines Board has issued special guidance for applying the IPEV Valuation Guidelines when estimating fair value at 31 March 2020.
Latest Update on Proposal to Upend Goodwill Accounting
Goodwill remains a very important valuation topic globally this year, and Business Valuation Update continues to cover the responses to initial efforts in the consideration of whether to upend the current goodwill impairment model and revert back to one of amortization of the world’s goodwill assets.
BVU News and Trends April 2020
A monthly roundup of key developments of interest to business valuation experts.
SEC proposes a framework for fund valuation practices
The SEC has issued a proposed rule, Good Faith Determinations of Fair Value, that would “establish requirements for determining the fair value in good faith of a fund’s investments and would permit boards to assign the determination to the fund’s investment adviser, subject to board oversight and certain other conditions.”
Global BV News: IPEV issues special guidance for March 31 valuations
The International Private Equity & Venture Capital Valuation Guidelines Board (“the IPEV Board”) has issued special guidance with respect to applying the IPEV Valuation Guidelines when estimating fair value at March 31, 2020, which will be “very challenging.”