Today, with an increasing focus on fair value accounting, companies face many valuation related issues. These issues include assessing fair value of goodwill and intangible assets arising from an acquisition, impairment of tangible and intangible assets, fair value of illiquid assets on the balance sheet, implementation of IFRS 16, internal reorganisation and transfer. Thus, it becomes important to seek independent and robust valuations which can withstand regulator, tax authority and auditor scrutiny.
Our valuations team has significant technical and commercial experience across many sectors to provide valuations for financial reporting purposes under IFRS (including valuations under IFRS 2, IFRS 3, IFRS 13, IFRS 16, IAS 36 or IAS 38), UK GAAP or other local GAAP as required.
With our range of solutions supported by thorough processes, businesses can gain reliable valuations for financial reporting purposes.
Accounting standards are prescriptive in how to conduct an impairment review, but at present, there are significant challenges in applying these rules
Considerations for conducting impairment reviews in the current environment and next steps
In this article we look at some of the level 3 Financial Instruments valuation challenges in the commodity trading sector.
The interplay between accounting performance and economic risk mitigation.