Service

Financial reporting valuations

Preparing and documenting valuations of businesses and related assets in accordance with financial reporting requirements to maintain compliance and help mitigate risk

Frederik Bort

Frederik Bort

Managing Director, Dept. of Professional Practice, KPMG US

+1 212-954-2980

James Weaver

James Weaver

Principal, Valuation & Business Modeling Services, KPMG US

+1 404-222-3291

Fair value measurements can play a significant role in financial statements and are often scrutinized by a company’s auditor and its regulators. As specialists, our professionals routinely support our Audit practice to assess financial reporting valuations performed on behalf of KPMG audit clients. As a result, we have a deep understanding of auditor and regulator expectations and documentation requirements for fair value measurements. We have an appreciation for the risks involved and take a careful approach to our valuation engagements in order to provide deliverables that meet our clients’ financial reporting requirements. To maintain a high level of quality in performing and auditing financial reporting valuations, we have established a dedicated team of valuation professionals in the KPMG Department of Professional Practice. In addition, KPMG was the first Big Four valuation practice to adopt the Certified in Entity and Intangible Valuations (CEIV) credential and its mandatory performance framework, which was developed specifically to establish standards in valuing businesses and intangible assets for financial reporting purposes.

Our professionals can assist you with valuation needs that may arise in accordance with the following U.S. GAAP accounting standards cited as common examples:

  • ASC 805 (Business Combinations)
  • ASC 350 (Intangibles – Goodwill and Other)
  • ASC 360 (Property, Plant, and Equipment)
  • ASC 718 (Compensation – Stock Compensation)
  • ASC 842 (Leases)
  • ASC 820 (Fair Value Measurement)
  • ASC 815 (Derivatives and Hedging)
  • ASC 852 (Reorganizations)
  • ASC 323 (Investments – Equity Method and Joint Ventures).
Our professionals also understand the International Financial Reporting Standards equivalents of the above standards.

 

Useful resources


 

Avoiding Pitfalls in Business Combinations

Informative series exploring challenges arising in acquisition accounting

Informative series exploring challenges arising in acquisition accounting

Goodwill Impairment Valuation Insights

Providing new perspectives on goodwill impairment challenges

Providing new perspectives on goodwill impairment challenges

Analyzing Prospective Financial Information (PFI)

Exploring the complex area of financial forecasting.

Exploring the complex area of financial forecasting.