Financial Reporting
“Fair Value – probably the most significant change to financial reporting - has
increased requirements for our specialist valuers across Europe”
David Fawcett – Partner, leading Financial Reporting valuation
Recent years have seen a succession of enormous corporate scandals. Once respectable
names like Enron, Worldcom and Arthur Andersen are now remembered for all the
wrong reasons, and the need for independent, impartial financial advice has never
been more pressing.
Not only does it maintain
your businesses financial knowledge and organisation but it means that
processes such as business recovery and corporate restructuring are less likely
to happen.
Whilst Sarbanes Oxley is an American law, many UK companies are still affected
by it and auditors have never been under greater scrutiny.
If you are a large or medium-sized corporate company and have just acquired a
business, you will be considering a purchase price allocation under International
Accounting Standards. If so, you have come to the right place
as we have an allusive history of dealing with clients who have
undergone several corporate acquisitions and corporate mergers.
If you are making a transaction, get us involved. You should be looking at the
assets as part of your financial due diligence. Are all the assets still present?
Are they all still contributing to profits? Is the asset register complete?
If you are considering a merger or acquisition, give us a call. We can give strategic
consultancy advice on assets as a part of your team.
Our financial services include:
- Valuations of plant machinery and similar business assets under International Financial Reporting Standards IAS 16, 17, & 40 and IFRS3 & 5, and FASB
- Balance sheet revaluations under previous UK GAAP reporting standards and US GAAP guidelines
- Verification of historical accounts asset listings
- Preparation of plant registers / inventories
- Impairment surveys to enable compliance with IAS36
- Advice on economic lives remaining
Contact David Fawcett
Telephone: 0207 851 2139 / 0161 259 7054
Mobile: 07801 904454
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