VRC Publishes White paper on FASB/PCC Guidance on Goodwill Impairment and Business Combinations

Valuation Research Corporation (VRC), a leading provider of independent valuation services to U.S. and international businesses for more than 40 years, has published a white paper, Private Company Council Alternatives Impact on Business Combinations and Goodwill Impairment on recent FASB/Private Company Council (PCC) guidance on the valuation of intangibles in a business combination.

The paper explores factors to consider before adopting the guidance. PJ Patel, co-CEO of VRC noted, “Some companies won’t be able to justify foregoing valuation work as it could lead to more complexity and cost in the future. We think private companies need to carefully consider whether they should adopt the PCC’s guidance.”