Articles

The conference is the premier annual gathering for forensic accounting and valuation professionals, offering expert-led insights, practical strategies, and networking opportunities focused on valuation, litigation support, investigations, emerging technologies, and industry best practices.

Early identification of allocated costs can reduce audit risk and reporting delays.

A wealth management firm’s value extends beyond AUM.

Earnings remain strong, but investors are becoming increasingly selective. As valuation multiples moderate and interest rates stay higher for longer, execution, profitability, and business quality are driving value creation more than multiple expansion.

U.S. markets are increasingly balancing resilient economic fundamentals against renewed inflation pressures, rising interest rates, and growing geopolitical uncertainty.

The SEC’s latest statement does not create new rules for private credit valuations, but it raises expectations for valuation rigor, fair value measurement, disclosure transparency, and audit support.

Explore best practices for valuing carried interest for tax reporting, estate planning, financial reporting, transactions, and compensation arrangements.

SEC oversight and FASB activity are raising expectations for private market transparency, valuation governance, liquidity disclosure, and conflict management.

Explore Q3 2026 M&A trends, private equity activity, software valuation shifts, private credit restructuring, and key regulatory developments.

Funds considering early adoption should assess whether their valuation policies, DLOM methodologies, controls, and disclosures are ready to support the change.

Learn how allocated costs from ASC 805 purchase accounting can affect fixed asset valuations, audits, depreciation analyses, and financial reporting.

Discover key takeaways from the NYSE BDC Forum on private credit trends, stable credit fundamentals versus cautious market sentiment, and software valuation nuances.

Want to dominate your fantasy football championship? Take a page out of a valuation professional’s playbook.

The same structural features that support capital efficiency also create differentiated valuation treatment for the rated debt and equity interests.

The expansion of U.S. tariffs has heightened the economic consequences of intercompany pricing decisions, making coordinated customs and transfer pricing planning more important than ever.

The less data available to the market, the greater the uncertainty surrounding reasonable valuation conclusions.

Private credit markets are shaped as much by law as by capital, making regulatory strategy a competitive advantage for managers operating across the U.S. and Europe.

For investment companies holding pre-IPO shares, contractual sale restrictions may once again influence fair value estimates and related valuation discounts.

Senior preferred equity may offer contractual downside protection, but it still carries meaningful economic downside risk in fair value analysis.

The most important factors in franchise valuation are sustainable profitability, future growth opportunities, franchise brand strength, and reduced transaction risk.

Final guidance could affect NAV, performance reporting, fees, and 2026 financials.

Stay ahead of emerging issues, evolving valuation standards and best practices with these highlights from the American Society of Appraisers’ 2026 Complex Securities Conference.

Valuations established even two or three years ago may no longer reflect today’s economic realities.

A well-supported solvency opinion can help boards evaluate dividend recapitalization transactions more confidently and demonstrate that the company’s post-transaction capital structure remains sound.

As private credit evolves, robust governance and documentation are becoming just as important as the valuation itself.

Final guidance could affect NAV, performance reporting, fees, and 2026 financials.

Valuation practices for private credit assets have evolved from informal, manager-driven processes into structured programs shaped by accounting standards, governance expectations, and regulatory oversight.

CLO and ABS markets in 2026 reflect increasing dispersion and selectivity, as stable senior demand contrasts with widening credit differentiation across sectors and capital structures.

Private markets are stabilizing in 2026, but outcomes are increasingly driven by selectivity, credit quality, and sector-specific dynamics.

A well-supported solvency opinion can help boards evaluate dividend recapitalization transactions more confidently and demonstrate that the company’s post-transaction capital structure remains sound.

Year-end planning now requires closer coordination between tax strategy and valuation as legislative and trade developments continue to reshape business decisions.

Valuation leaders explored AI, venture capital modeling, and new guidance shaping the future of fair value measurement.

Selecting the wrong premise of value can materially misstate asset value and undermine the appraisal’s intended purpose.

Mid-year update highlights the most relevant trends shaping M&A, Private Equity, and Private Credit

Carla Nunes will focus on advancing the firm’s market data and research capabilities, supporting clients across portfolio valuation and transaction-related valuation matters.

Debt forgiveness may trigger CODI, generating significant tax liabilities.

Private company accounting elections may simplify reporting today, but they can complicate IPO readiness tomorrow.

Valuation at the point of transfer in a season and sell transaction plays an important role in supporting consistency with fair value principles and aligning with investor expectations.

Effective parachute planning integrates compensation strategy, tax rules, valuation discipline, and legal compliance.

An overview of U.S. structured risk transfer market growth, private credit interest, and the valuation considerations of SRT credit‑linked notes.

Qualified, purpose‑specific valuations are essential to substantiating charitable deductions and withstanding IRS scrutiny.

Before considering a deal, it’s helpful to have a clear understanding of the three common methodologies used to value private businesses.

Private credit’s growth in the U.S. and Europe was shaped by different regulatory paths that continue to define governance, valuation, and cross‑border fund operations.

Semi-liquid evergreen funds require faster valuation timelines and disciplined processes to ensure marks remain supportable as new information emerges.

Insights from the SEC roundtable on retail access to private markets, focusing on valuation governance, Rule 2a-5 oversight, and NAV considerations.

Explore the key differences between 3(c)(1) and 3(c)(7) private fund exemptions, including investor eligibility, fund limits, and implications for fund sponsors.

Without an active market, valuing private company equity under ASC 820 is complex and requires greater judgment, longer time horizons, and careful assessment of secondary market signals.

Daily valuations are becoming essential as fund structures evolve and investors demand greater transparency.

As dealmakers balance renewed optimism with lingering risk, earnouts remain a critical tool for bridging valuation gaps and aligning buyer–seller incentives.

The AICPA’s Cheap Stock Guide working draft introduces significant changes to valuation practices, reflecting evolving market practice.

Favorable estate and gift outcomes depend on proper documentation and sound valuations.  

As fair value measurement grows more complex, valuation professionals are being asked to apply judgment across emerging technologies, evolving capital structures, and increasingly nuanced regulatory expectations.

Explore how AI-driven demand is reshaping the financing and valuation of digital infrastructure.

Stay ahead of emerging issues and evolving valuation standards with these highlights from the American Society of Appraisers’ 2025 Winter Fair Value Conference.

The private credit market has thus far demonstrated resilience through rising interest rates, refinancing pressures, pandemics, trade disruptions, and other episodic volatility, supported by covenant structures and disciplined valuation practices.

VRC’s survey reveals how long private credit funds believe historical cost represents fair value for new investments

Establishing a daily valuation process requires seasoned judgment, rigorous methodologies, and scalable technology – especially as retail investors transact at NAV.

Innovative approaches for allocating equity value among multiple security classes in complex capital structures.

New article explores how retail access to private markets is fueling demand for daily valuations and fund-level transparency.

As private markets grow and valuation frequency increases, disciplined policies, independent governance, and data-anchored analyses are essential to producing consistent, defensible marks.

Strengthening IBR methodology for year-end.

Benefits of leveraging asset valuation work during an acquisition.

New tax provisions under the OBBBA affect how companies model after-tax cash flows, R&D expenses, and global valuation impacts.

Despite intense speculation about a looming wave of defaults, the private credit market has demonstrated remarkable resilience in the face of rising interest rates and economic uncertainty.

Carve-outs have become a prominent feature of the deal landscape, with $23.72 billion in private equity carve-outs across 145 deals in the first half of 2024, presenting unique valuation challenges for both buyers and sellers.

PE firms are turning to VRC to bring a new level of transparency and defensibility to their valuation processes.

Exploring an innovative investment vehicle strategy and unique funding solution for private equity firms, investors, and fund managers.

The newly enacted legislation brings significant changes to estate planning; discover how individuals can leverage the changes to minimize estate taxes and maximize post-tax benefits for beneficiaries.

Combined LR-LPR transactions are revolutionizing the private equity industry, providing a creative solution for fund sponsors to return capital to Limited Partners.

The impact of OECD and IRS guidance on credit rating, debt capacity, and interest rates.

As private credit continues to evolve, Annual Recurring Revenue (ARR) has emerged as a cornerstone metric for evaluating the performance and risk profile of subscription-based growth companies, offering lenders a new avenue to tap into the early-stage growth market and achieve attractive risk-adjusted returns.

The recent imposition of tariffs on U.S. imports has sent shockwaves through the global economy, with far-reaching implications for international trade, supply chains, and tax valuation.

As trade tensions escalate and tariffs take hold, the U.S. deal market is starting to feel the pinch.

FASB ASU 2022-03 clarifies the fair value measurement of securities subject to sale restrictions, distinguishing between security-specific and holder-specific restrictions to ensure more consistent and accurate valuations.

The complex valuation dynamics of secondary LP transactions and why discounts to NAV don’t necessarily indicate overvalued underlying assets.

Explosive growth in private credit markets is outpacing technology and valuation processes, creating operational challenges, and driving a need for innovative solutions and AI integration to meet evolving fund structures and increasing data demands.

Article provides a close look at purchase price allocations, Section 382 limitation calculations, tax receivable agreements, and more.

Explore the strengths that ensure stability in the private credit markets from a review of risk considerations to reporting requirements to how market variables can impact valuations.

Increased analysis within financial reporting comes with increased levels of analysis required for tax reporting.

Dive into the complexities of valuing intangible assets for tax purposes and unravel the differences between Fair Market Value and Arm’s-Length Standards.

The value of a non-compete may help lower the tax bill, but it needs to be appropriately valued to avoid potential scrutiny by tax authorities.

The short answer is that you can use a 409A valuation report for a gift/estate tax filing, and you may get away with it if you’re not audited. You shouldn’t.

Unlock the complexities of the SEC’s Pay vs. Performance Disclosures to seamlessly navigate the regulatory landscape and set the stage for a confident proxy season.

Delve into the dynamics of CLO investments as we focus on the IRR comparison between CLO equity and BB-rated CLO debt to asses the ongoing validity of long-term inter-tranche premium used by market participants.

In today’s venture capital landscape, challenges persist, and companies delaying fundraising must face the reality that a near-term light at the end of the tunnel is not guaranteed.

Profits Interests are valued as options, and when estimating their fair value consider the total equity framework, including vesting interests.

Business owners preparing for a sale but still needing to execute their estate plan may see beneficial opportunities in using a common estate planning tool.

Addressing the challenge of developing and supporting the expected term used in the Black-Sholes Option Pricing Model to determine fair value of grants to PEOs and NEOs.

Analyzing past market patterns can signal the issues private market and venture capital investors may anticipate in the cycles ahead.

Public company filer disclosures must provide added color on the full scope of executive compensation packages, changes in fair value of equity awards issued principal and named executive officers.

Three machinery & equipment valuation engagement scenarios highlight when a site inspection is required.

The history and data of collateralized loan obligations show that CLOs, in general, and middle-market CLOs specifically, continue to perform very well through various economic cycles and market shocks.

The SEC has been clear. They will continue to keep a close watch on SPAC filings and disclosures and their private targets.

Related-party transactions between PE funds and their portfolio companies are fraught with the potential to create issues between limited partners. Fairness opinions can forestall such conflicts.

Fairness opinions have a critical role in mergers, acquisitions, and other corporate transactions, yet sometimes public and private companies might overlook the importance.

VRC’s Opinion Practice Group experts answer the top questions asked about fairness opinions for financial transactions.

Before making a purchase, acquirers should make sure a plan is in place to maximize the value of the acquired brand.

Any brand valuation presents a strategic planning opportunity to understand more about what drives value to the underlying company.

Identifying, measuring,and applying the adjustment for EO can be a complex and iterative process.

Valuations are a requirement throughout the IPO process. Management teams are well-advised to seek professional expertise early to avoid missteps and save time, efforts, and cost.

Valuation considerations for rollover equity in PE platform acquisitions.

Now is an ideal time for private company owners to focus on factors that will improve their business value in the event of an opportunity to sell.

How have in-house tax executives transitioned valuation considerations to mission-critical?

CLO vehicles are the lifeblood that helps keep the syndicated loan market humming.

Tax amortization benefit rules differ between countries, and they can also change over time.

When managing deferred revenue, the valuation challenge is defining the performance obligation.

Private equity and private debt investors are acutely focused on new AICPA Guidance that recommends a “calibration” approach for valuing private securities.

Contingent consideration can salvage a business combination when buyer and seller can’t agree on value, which is especially true in a frothy deal environment with high valuations and overpayment concerns.

Tax benefits exist for companies that distinguish real versus personal property. However, legal nuances, if interpreted inaccurately, can bring significant economic consequences.

Allocating a portion of proceeds from the sale of assets of a private company to the personal goodwill of a major shareholder can result in significant tax benefits to buyer and seller.

Fairness opinions provide substantial benefits – if the opinion process is performed correctly.

The valuation challenge with a hybrid security is to consider both the equity and debt components in a combined framework – this challenge is not without its tradeoffs.

With limited authoritative guidance around inventory valuation best practices in business combinations, these modifications may improve the valuation process.

With limited authoritative guidance around inventory valuation best practices in business combinations, these modifications may improve the valuation process.

In the high-end luxury market, where virtually all of an enterprise’s value derives from its brand or brand portfolio, the ability to accurately assess its value – to quantify and render tangible the intangible – is especially critical.

Company boards often seek third-party solvency opinions in connection with leveraged transactions to assist them in fulfilling their board duties.

California Corporations Code Section 1203 requires an affirmative fairness opinion to provide target shareholders with greater protection in takeover transactions.

Those seeking dissolution under California Corporations Code Section 2000 need to understand the role of appraisers as well as the ramifications of the standard and premise of value.

50 percent of M&A deals fail. How can a board avoid deal failure before an acquisition?

Once we understand a BDC’s investment thesis and portfolio, VRC focuses on the valuation process.

Companies seeking lower interest costs particularly as firms refinance maturing debt, convertible notes offer alternatives to straight debt securities. However, they come with complex valuation requirements.