By Keiter CPAs
VFS Partner Shares Insights on Dec. 31, 2019 Valuations and COVID-19 Impact
Valuations and Forensic Services Partner, Harold G. Martin, Jr., shared his insights with BVWire regarding the appraisal discussed in a recent article dealing with a valuation date of Dec. 31, 2019, and the impact of Coronavirus (COVID-19).
Excerpt:
“As I noted in the article, for valuations with an effective valuation date as of 12/31/19, I would agree with the position taken by the appraiser that the economic impact of the coronavirus should be considered a subsequent event and therefore, the event would have no impact on the valuation. The appraiser’s report should also include a discussion noting the subsequent event. However, there is an additional issue in this instance given the purpose of the valuation that requires that I clarify my initial comments.”
Source: BVWire
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Keiter CPAs
Keiter CPAs is a certified public accounting firm serving the audit, tax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial services, construction, real estate, manufacturing, retail & distribution industries and nonprofits. We also provide business valuations and forensic accounting services, family office services, and inbound international services.
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