TITLE

An Inexact Science

AUTHOR(S)
Davis, Avram
PUB. DATE
July 2009
SOURCE
Mergers & Acquisitions Report;7/6/2009, Vol. 22 Issue 27, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the attempt of the U.S. Congress, the Securities & Exchange Commission and the Financial Industry Regulatory Authority to develop specific valuation standards. It notes the conflict that emerge between valuation firms and their clients over the worth of the assets. This conflict intensified due to severe valuation adjustments caused by credit dislocation and market-to-market accounting practices. Andrew D. Smith, president and co-founder at Houlihan Smith, noted that valuing a business or asset is a science and a form of art.
ACCESSION #
44148227

 

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