In this article, we discuss the importance of fairness opinions when the primary form of consideration consists of the buyer’s shares, warning that less focus should be placed on the “price” and more focus should be placed on the “value.”
In this article, we discuss the importance of fairness opinions when the primary form of consideration consists of the buyer’s shares, warning that less focus should be placed on the “price” and more focus should be placed on the “value.”
Just before Christmas 2014, FASB issued Accounting Standards Update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination, a consensus of the Private Company Council (“ASU”). The ASU allows a private company (i.e. not a public or not-for-profit entity) to choose not to recognize two types of intangible assets separately from goodwill following a business combination: customer-related intangible assets that cannot be sold or licensed independently from other assets of a business, noncompetition agreements.
While rising rates should support higher net interest margins and EPS for a broad swath of commercial banks that have a sizable amount of non-interest bearing deposits and loans that reprice with 30-day LIBOR, we should focus on credit. If credit spreads are widening (or narrowing), NIM discussions, like much of what the Street chatters about, are just noise.
As 2014 draws to a close, finance executives and auditors are preparing for year-end reporting and auditing. What areas will draw the most attention from auditors? And which types of transactions and estimates will attract additional scrutiny from the PCAOB? … Continued
As we noted a few weeks ago, the PCAOB recently issued a staff consultation paper entitled Auditing Accounting Estimates and Fair Value Measurements. As discussed in this article from Compliance Week associate chief auditor of the PCAOB Barbara Vanich recently … Continued
