Fair Value Assessment and Valuation

Overview: Historically, fair value guidance spread across various standards and it was incomplete in certain places, while silent in other situations. This created the potential for irregularity and variances in interpretation when arriving at an estimate for fair value.
In providing a single source of guidance, precise definition and enhancing disclosures about reported fair value estimates, the International Accounting Standards Board (IASB) issued IFRS 13. This standard:

  • Assist in improving consistency and comparability
  •  Help preparers and auditors in fulfilling their role
  • Contribute to users’ understanding of what fair value represents
Our Approach: Our fair value team advise companies regarding fair value measurements and related matters, including:
  • Valuation methodologies;
  • Valuation techniques for financial and nonfinancial assets;
  • Application of premiums and discounts in fair value measurements;
  • Determination of where significant inputs fall in the fair value hierarchy;
  • Valuation of assets acquired and liabilities assumed in a business combination;
  • Disclosure requirements; and
  • When the fair value option can be applied
Our teams bring value by understanding and resolving their complex business issues.