Financial Reporting

FAS 141 and 142 Implementation and Compliance
Due to high-profile accounting debacles such as Enron combined with the requirements of the Sarbanes-Oxley Act, there is increasing investor and regulatory scrutiny of financial reporting for public and private companies. In today’s environment, it is more important than ever that accounting firms remain independent and objective in the process of preparing and issuing financial statements.

As an independent valuation firm, PVG has successfully served as the outside business valuation specialist on numerous engagements for financial reporting purposes. As part of this process, our work has withstood the scrutiny of audit firms, their valuation professionals, boards of directors and private equity firms. Whether your needs include compliance with SFAS 141, SFAS 142 or SFAS 123R, our credentialed professionals understand the complexities of the each assignment and work closely with you and your CPAs to ensure timely compliance.

Financial reporting engagements typically include the following services:

• Purchase price allocation - SFAS 141 and SFAS 141R
  • Valuation of acquired company ; valuation of closely held shares issued as consideration
  • Identification and valuation of intangible assets
  • Asset life analysis
• Goodwill impairment testing - SFAS 142
  • Determination of fair value of Reporting Unit(s)
  • Identification and valuation of intangible assets
  • Asset life analysis
• Share-Based Payment Transactions for Employees - SFAS 123R
  • Valuation of common stock issued as part of incentive compensation plan; stock options
  • Assistance in documenting and supporting assumptions used in stock option pricing models