Accounting Compliance
An FASB accounting pronouncement, changes the way companies account for the value of intangible assets on their balance sheets, including goodwill. The pronouncement requires companies to evaluate the value of the intangible assets on a yearly basis and "write-off" any impairment in the value of those assets. The rule requires the value and potential impairment to be determined by a person with expertise in the field of valuation and according to recognized valuation techniques.
A valuation for this purpose would include a complete report and opinion of value and features discussion and presentation of empirical data, transactions and research that are relevant to support our opinion and reflect the culmination of our experience dealing with the CPA review process.
Our valuations for this purpose reflect the experience of PCE principals who were practicing CPAs and independent auditors and who understand the relative issues. PCE valuations provide auditors with the appropriate level of comfort that the carrying value of goodwill and intangible assets are reported fairly.
