In this edition of Valuation Insights, we look at how technology is changing the landscape of taxation in America, particularly in the areas of online commerce and cloud solutions, and how these developments can help streamline processes, improve efficiencies and minimize costs.
In our Technical Notes section, we analyze the new Public Company Accounting Oversight Board (PCAOB) Audit Standards, and the subsequent impact on Level 2 financial instruments. These audit standards apply when auditing accounting estimates, including fair value measurements.
In our International in Focus article, we present highlights from the Duff & Phelps 2018 European Goodwill Impairment Study. Now in its sixth edition, the 2018 study analyzes companies in the STOXX® Europe 600 Index, which is comprised of large, mid and small capitalization companies across just under 20 countries of the European region, for the 2013 – 2017 calendar years.
Finally, our Spotlight article takes a closer look at The Appraisal Foundation’s recent Financial Reporting Advisory for the valuation of contingent consideration documenting best practices, so that companies, investors, regulators, auditors and independent valuation specialists can have a more consistent framework for valuing contingent consideration.
In every issue of Valuation Insights, you will find industry market multiples that are useful for benchmark valuation purposes. We hope that you will find this and future issues of this newsletter informative.