Financial Reporting Valuation
Independent Guidance in an Evolving Financial Reporting Environment
As financial accounting evolves from historic cost basis to fair value measurement, financial reporting is becoming more complex and challenging. The FASB, IASB, SEC and PCAOB have promulgated numerous new standards measuring fair value, with more to become effective. Increasing use of stock options and other forms of equity compensation have fueled new rules from the IRS on granting such compensation and from the FASB, IASB and securities regulators on reporting the effect of such grants.
With mounting complexity and ever changing standards, issuers need fair value measurements that are reliable, auditable and in accordance with generally accepted accounting principles.
HFBE’s breadth of expertise and experience make it the ideal provider of independent valuations that management can rely upon. HFBE works closely with its clients to identify the asset or interest being valued, to select the appropriate valuation method, and to develop assumptions that are reasonable and consistent with available market information.
Applicable accounting standards for which we have performed valuations include:
- ASC 820 – Fair Value Measurements and Disclosures
- ASC 350 – Intangibles – Goodwill and Other
- ASC 360 –Property, Plant and Equipment
- ASC 470 – Debt
- ASC 718 – Compensation
- ASC 805 – Business Combinations
- ASC 815 – Derivatives and Hedging
- IRC §409A – Deferred compensation plans and to set stock option exercise prices
