Are we getting closer to global accounting standards? After a short hiatus, the Securities and Exchange Commission (SEC) has announced the steps it intends to take in making the determination of whether to transition U.S. capital markets to IFRS.
The 2009 AICPA National Conference on Current SEC and PCAOB Developments held on December 7 - 9, 2009 in Washington D.C. brought together regulators, standard setters, auditors, preparers and users of financial statements, and other constituencies in a discussion of the current issues and hot topics in financial reporting. The highlights provide Duff & Phelps' observations on the key valuation takeaways that affect fair value measurements, impairments and disclosures, and other related topics.
This webcast discusses topics arising when converting from US GAAP to IFRS in the context of convergence, early adoption or mandatory adoption of IFRS.

Duff & Phelps managing directors Lynne Weber and Rick Schwartz discus issues and implications for CFOs and the transaction team when valuing contingent consideration under SFAS 141R, Business Combinations.

FASB's new Statement 141 (R), which makes significant changes to current accounting rules for business combinations, is expected to become effective as early as January 2009.

The issuance of Statement of Financial Accounting Standards No. 141R, Business Combinations (FAS 141R) overhauls the financial reporting requirements for business combinations. The implications are broad and numerous. This Valuation Insights article authored by Duff & Phelps Managing Director Lynne Weber explores contingent consideration implications.

Read the cover article of Valuation Insights Q2 to learn more about maximizing cash flows from long-lived asset impairments.

In this economic environment, more and more companies are recognizing asset impairments, including those pursuant to SFAS 144-Accounting for the Impairment or Disposal of Long-Lived Assets.

The IASB has recently issued for public comment an Exposure Draft that addresses the measurement of Fair Value.
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Dec 06 2010 AICPA National Conference on Current SEC & PCAOB Developments
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Nov 15 2010 FEI Current Financial Reporting Issues Conference
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Nov 08 2010 Restaurant Finance & Development Conference
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Nov 07 2010 AICPA National Business Valuation Conference
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Oct 07 2010 Conference: IACVA-Germany 2010 >
Aug 26 2010 "Herz Retires, Board Expands at Key Point in Convergence" - David Larsen Quoted
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Aug 25 2010 FASB, IASB Ink Proposal to Put Leases on Balance Sheets -- Ross Prindle Quoted in Compliance Week
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Aug 13 2010 The Appraisal Foundation Issues Monograph on Identification of Contributory Assets and Calculation of Economic Rents


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When companies require an objective and independent assessment of value, they look to Duff & Phelps.

Duff & Phelps finance and accounting expertise, combined with its use and development of sophisticated valuation methodologies, fulfills even the most complex financial reporting and tax requirements. They constantly monitor changing regulations and consistently provide input to the Financial Accounting Standards Board as it develops implementation guidance and new financial reporting rules with valuation implications. Also, Duff & Phelps performs tax valuations and related consulting in accordance with the regulations and guidance established by the Internal Revenue Service and other taxing authorities. Duff & Phelps valuation opinions are fully defensible and documented to withstand scrutiny from the SEC or other regulatory bodies.

Paul Barnes
Paul Barnes
Philadelphia
Managing Director
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