The Financial Accounting Standards Board and the Securities Exchange Commission are continually expanding and/or revising the use of fair value measurements and standards in financial reporting. The evolution from historical cost basis to fair value measurement has increased reliance on fair value measurement and additional scrutiny from auditors and the SEC.
For both public and private companies, Davis/Chambers performs fair value analyses including (i) purchase price allocations, (ii) valuations of intangible assets, (iii) impairment testing for goodwill, long-lived assets, and intangibles, (iv) share-based compensation and (v) determination of the fair value of financial assets (including derivatives).