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FINANCIAL REPORTING Accurate fair value estimates can be critical in accounting for the acquisition of businesses and intangible assets, issuance of warrants and stock options, as well as goodwill impairment testing. FairValue Advisors assists corporations and their auditors in satisfying these fair value requirements, by providing independent and comprehensive valuation. The need for third party appraisals has continued to increase, resulting from heightened awareness of independence issues and the complex nuances associated with fair value financial reporting requirements. A substandard appraisal, or failure to obtain appraisals when needed, can result in audit delays, increased audit fees and potentially inaccurate financial reporting. At FairValue AdvisorsTM, we work closely with corporate officers and the Auditor in determining the specific valuation needs. Our valuation process and reports are specifically designed to satisfy the Auditor’s requirements and fully comply with FASB’s financial reporting standards. Summarized below are just a few of the common reasons for business appraisal services used in financial reporting. Typical situations in which we provide valuations for financial reporting include:
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