Financial Reporting

In recent years, US Generally Accepted Accounting Principles (US GAAP) have undergone a significant transformation to a fair value reporting standard. Acquisitions are accounted for under the acquisition method whereby acquired intangible assets are identified and valued separately. US GAAP outlines five general categories of intangible assets. Intangible assets with an indefinite life and any remaining goodwill are not amortized, but rather are subject to periodic impairment testing. Goodwill impairment testing requires valuation of a company's reporting units. Recent financial reporting engagements include:

Selected Financial Reporting Engagements: