Throughout 2009 SFAS 157 and related statements were under attack, and solid principals of business valuation appeared to have been forgotten by many parties. Appraisers, auditors, CFOs, lawyers, and others who must make sense of the changing rules are faced with challenges in complying with multiple financial reporting standards meant for their clients, shouldering more responsibility for clients compliance—whether they want to or not.
The 2nd Annual Summit on Fair Value in Financial Reporting, developed by Business Valuation Resources, was one place to meet with leaders from FASB, the SEC, PCABO, the Big Four, the IRS, and professional leaders to hear directly from all of them what your responsibilities, risks, and opportunities truly are.
In this session, Neil Beaton, Anthony Aaron, David Dufendach, and Lyn Graham reenact the scenarios they've seen time and again in a fair value aduits. Using their expert advice and extensive experience these four will showcase what to expect in any audit, and how to properly defend your valuation conclusion.
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