Get an inside look at how public accounting firms review fair value appraisals prepared for their clients’ financial reporting purposes with a 360 degree overview of the audit review process. Join experts Kesh Iyer and Lindsay Hill as they review the roles individuals play (e.g., audit team versus valuation team); the impact of risk on the level of scrutiny required for a review; and practical examples of how the fair value review team documents assumptions underlying key inputs like discount rates and market multiples. In addition to bringing a greater understanding to the role of each stakeholder, this session will emphasize and harmonize the goals of each participant in the fair value audit review process.

• Introduction
• Goals of the fair value review
• Overview of the fair value review process
  • Typical timeline
  • Team structure
• Assessment of risk
• Practical examples
  • Common stock compensation assumptions
  • Common purchase price allocation assumptions
  • Common impairment assumptions
• Errors, omissions, and disagreements

• Learn how a fair value review is structured in most public accounting firms
• Understand the level of support required to document key valuation assumptions
• Learn how fair value review teams addresses errors, omissions and disagreements