ICAEW.com works better with JavaScript enabled.

Financial reporting

Financial reporting resources for valuation specialists.

Join the group

Join the Valuation Group and get access to premium content.

Find out more
Most articles are only available to Valuation Group members. Log in or find out how to join.

Valuation for financial reporting: developments in the USA

This is exclusive item - please log in or subscribe to view this item.

The Appraisal Foundation in the USA has been authorised by Congress to develop valuation standards and this appears to be in response to a sense of unease over the nature of regulation of valuation for financial reporting and other purposes.

European Goodwill Impairment Study 2013

This is exclusive item - please log in or subscribe to view this item.

In December 2013, Duff & Phelps published its first European Goodwill Impairment Study focused on goodwill impairment testing under International Financial Reporting Standards(IFRS).

Lease Accounting Exposure Drafts

This is exclusive item - please log in or subscribe to view this item.

The FASB and IASB, through a joint project, have issued an Exposure Draft that will have significant implications for how companies account for leases going forward.

IFRS reporting

This is exclusive item - please log in or subscribe to view this item.

Since the introduction of IFRS 3 ‘Business Combinations’, in 2004, acquiring companies have been required to report the fair values of intangible assets arising from an acquisition separately from the residual allocated to purchased goodwill. In 2009, the UK regulator, the Financial Reporting Council (FRC), performed a survey of the accounting for 20 significant acquisitions to review compliance with IFRS 3.

IFRS imposes strict goodwill standards

This is exclusive item - please log in or subscribe to view this item.

IFRS imposes strict standards on accounting for goodwill. Despite the economic slowdown, European companies booked just €77.6bn of impairments in 2008. Marc Hayn of Houlihan Lokey says further write-downs are inevitable.