News | Covid-19

In March 2020, the International Valuation Standards Board (IVSB) of the International Valuation Standards Council (IVSC) issued a release on “Dealing with Valuation Uncertainty at Times of Market Unrest.” This release discusses the implications of valuation uncertainty on valuation opinions. This release provides important insights to users and preparers of valuation opinions. Given the market [...]

The COVID-19 Pandemic has had a profound impact on the global and U.S. economic and business environments.  In addition to the health impacts, the Pandemic led to legislation intended to provide economic relief to businesses and individuals. The Coronavirus Aid, Relief and Economic Security (CARES) Act, H.R. 748 was enacted by Congress on March 27, [...]

On April 16, 2020, the CFA Institute presented a one-hour Webinar on the COVID-19 Pandemic and its potential impact on the economy. The Webinar is available for viewing and we highly recommend you make time given the high quality of the content. Below is a link to the Webinar: https://info.cfainstitute.org/CFAMHp-Embed-Landing-Page_CFAMHp-Embed-Landing-Page.html?s_cid=eml_Webinars2020_COVID-19GlobalPanelRecording The Webinar’s Moderator: Lauren Foster, Content [...]

Equity compensation plans are an important means of motivating and retaining key employees and valuations play a key role. IRC Section 409A (“Section 409A”) generally imposes adverse tax consequences on recipients of stock option grants with an exercise price less than fair market value of the underlying stock on the date of grant. Section 409A [...]

ASC 350 requires periodic impairment testing on a no less than annual basis for goodwill and indefinite lived intangible assets on an entity’s balance sheet. In addition to regular annual impairment tests, ASC 350 requires interim impairment tests in the event of a trigger event. ASC 350-20-35-3C includes a partial list of possible trigger events. [...]

The COVID-19 Pandemic has dramatically impacted life as we know it. Asset prices have declined and market volatility has increased tremendously due to the high degree of uncertainty. The U.S. Securities and Exchange Commission, major accounting firms and many others have noted the severe impact of the crisis on the business environment and outlook. Despite [...]