The Financial Reporting Executive Committee (FinREC) of the American Institute of CPAs has released a working draft of a new version of one of its valuation guides, and is calling for feedback on a new chapter in the guide.
The draft of the guide, Valuation of Privately Held Company Equity Securities Issued as Compensation, is not being released for general feedback, but just to provide context for the new chapter.
That chapter – Chapter Eight, “Inferring Value from Transactions in a Private Company’s Securities” – aims to provide a framework for evaluating private transactions and secondary market transactions, and their relevance for estimating the fair value of other securities within an enterprise. It was developed in response to feedback on the guide, which was originally released in March 2011.
Also included in the working draft of the guide are Questions and Answers that have been added to Chapter 12; these are also open to comment.
FinREC is soliciting informal feedback that will be kept confidential and will not be posted online. Comments should be sent by e-mail to Yelena Mishkevich or by mail to:
Accounting Standards, AICPA
1211 Ave. of the Americas, 19th Floor
New York, NY 10036
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access