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Types of Reports
Our reports include a
variety of levels including a comprehensive report, a
summary/limited report, a calculation of value and other litigation
related reports and analyses.
Opinion of Value
– The objective of issuing an opinion of value is to express an
unambiguous, independent, third party opinion as to the value of a
business or business ownership interest. Barnes Wendling Valuation
Services reports opinions of value in either a comprehensive or summary
report.
Comprehensive Report
- Follows the
American Institute of Certified Public Accountants (AICPA) and
Uniform Standards of Professional Appraisal Practice (USPAP)
reporting standards. AICPA standards are currently in draft
version.
- Provides a
complete review, analysis and reporting on the nature and history of
the company, financial data, economic and industry factors and
valuation methods.
- Typically required
for regulatory compliance in gift and estate tax and ESOP matters.
In some instances a comprehensive valuation report is needed for
litigation, succession planning, buy/sell agreements, M&A and
stakeholder reporting.
Summary/Limited Report
- Follows the
American Institute of Certified Public Accountants (AICPA) and
Uniform Standards of Professional Appraisal Practice (USPAP)
reporting standards. AICPA standards are currently in draft
version.
- The amount and
scope of fieldwork and the reporting in a summary report are limited
to a certain extent compared to a comprehensive report.
- Typically
acceptable for M&A, buy/sell agreements, internal planning,
stakeholder reporting and in some instances litigation related
matters.
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The cost of a
summary report is less than that of a comprehensive report.
Calculations of Value – The objective
of a calculation is to issue an approximate indication as to the
value of a business or business ownership interest.
Letter and Exhibits
- Not an opinion of
value.
- Does not follow
the American Society of Appraisers (ASA), American Institute of
Certificated Public Accounts (AICPA) and Uniform Standards of
Professional Appraisal Practice (USPAP) reporting standards.
- The amount and
scope of fieldwork is limited.
- Typically
acceptable for transactions, internal planning, stakeholder review
and in some instances litigation related matters.
- The cost of a
calculation of value is significantly less than an opinion of
value.
Commercial Damages
and Lost Profits
Report/Analysis
- Will vary
depending on the nature and scope of the engagement. Reporting
requirements will be discussed with the attorney and client involved
in the matter. Our deliverables will meet the needs of the attorneys
and clients that engage us.
Marital Dissolutions
Report/Analysis
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