FASB provides major new opportunity for appraisers - part 2 of 2
The Financial Accounting Standards Board (FASB) issued Statements of Financial Accounting Standards (SFAS) 141 and 142 in the fall of 2001. SFAS 142 changes the accounting for goodwill from an ...
Lack of marketability discounts suffer more controversial attacks
The apparently well-meaning Drs. John Kania and Mukesh Bajaj are at it again, espousing discounts for lack of marketability for stocks of closely held companies that are a fraction of those encountered in the real world.
PricewaterhouseCoopers valuation practice makes seamless transition to new unit of Standard & Poors
The recent acquisition of PricewaterhouseCoopers' (PwC) U.S. Corporate Value Consulting practice by the Standard & Poors division of McGraw-Hill (S&P) was the largest acquisition of a valuatio ...
SEC rule prohibits BV services by accountants
SEC Adopts Auditor Independence Rule That Affects Business Valuations, Bryan P. Robertson , Valuation Strategies , July/ August 2001, pp. 37-40. The Securities and Exchange Commission (SEC) h ...
Restricted stock discounts decline as result of 1-year holding period
This article addresses the changes in the marketplace for restricted securities that have occurred since 1990 and the impact that those changes have had on the overall level of discounts for lack of marketability for these securities.
50-Off Stores, Inc. v. Banques Paribas (Suisse) S.A., et al.
The 5th Circuit affirmed a jury's determination of damages in a stock conversion case.
1997 annual AIMR conference addresses key accounting changes
Two presentations relating to U.S. accounting standards were of particular interest at the Association for Investment Management and Research ( AIMR ) annual conference held May 11-14 in New Orleans ...
How to access SEC filings cheaply and easily
I consistently advocate that valuers go to original sources when using public company data (either day-to-day transactions or mergers and acquisitions) in a market approach. This will avoid errors som ...
If Dr. Pratt can easily access and retrieve valuable information from the Internet EDGAR database, so can you...
The U.S. Securities and Exchange Commission (SEC) states its primary purpose as increasing "the efficiency and fairness of the securities market ... by accelerating the receipt, acceptance, disseminat ...