Financial Reporting

OUR SERVICES

As a real property valuation and consulting firm, C&W’s specialty Financial Reporting Practice includes exclusively trained and experienced individuals highly credentialed and familiar with financial reporting and issues on both national and international levels.

EVOLUTION OF FINANCIAL REPORTING

Financial reporting is in a period of revision, improvement, and new understandings. For more than four decades, C&W’s Financial Reporting Practice experts have participated in the development and implementation of financial reporting and corresponding valuation standards beginning in the early 1970s. Collectively, FRP’s experts have diversified case experience covering many client issues, legal jurisdictions, and property types. They are experienced in working within, forming, and when necessary managing multi-disciplinary teams comprised of valuation and non-valuation experts.

SINGLE SOURCE SOLUTIONS

By design this specialty practice includes both valuation and non-valuation experts in recognition that financial reporting activities may or may not culminate in valuations, but must include research, analysis, team decisions, regulatory understandings, client counseling and representation.

A customary engagement begins with analysis of client needs, discussion with other experts, analysis of information and needs with the reporting entity, and decisions as to objectives and most appropriate courses of action. When working with other experts, the Financial Reporting Practice works within prescribed scope of work guidelines, but continues to provide advice and counsel from its wide experience and case knowledge.

ROBUST ADVICE

Many engagements have the potential of litigation or threatened litigation. The Financial Reporting Practice’s extensive experience in litigation and litigation analysis/support assist clients if litigation is unavoidable but FRP’s approach is to assist clients in avoiding litigation where possible. When litigation is involved, the group may act in an independent or an advocate position as circumstances warrant. When appropriate, both positions can be accommodated with necessary disclosures and internal divisions to preserve independence for testimonial and consulting experts.

C-LEVEL INTERACTION AND CONSULTING

One of the strengths of C&W’s Financial Reporting Practice is the ability of its experts to work with CEOs, CFOs, accountants, auditors, Board members, lawyers, advisors, experts, and others on relevant and meaningful levels. The scope of financial reporting issues requires a depth of knowledge and understanding that surpasses the work commonly performed by the valuation community in the United States, but is well understood globally.

PEER-TO-PEER REVIEW

For clients, this provides a peer- or professional-level counterpart association in the manner in which engagements and their major issues are addressed by C&W’s Financial Reporting Practice. For other experts, this provides a peer to peer or peer to other professional level association that improves communication, provides higher quality services across the spectrum of disciplines and entities involved, and usually produces cost savings to clients. Most agree that this approach provides a cost conscious, yet highly professional, approach that is unique and—we believe—is the pattern that others will follow.

SPECIALITY PRACTICE RESOURCES

C&W has a number of specialty practices and other groupings of experts who deal with real estate. The Financial Reporting group has access to these experts across the globe, bringing not only their individual and geographic skills into the cadre of available resources, but their highly specialized property skills as well. This experience and the capabilities outlined above are, simply said, not equaled anywhere in the world.

CONFIDENTIALLY

Client engagements in financial reporting are considered confidential until disclosed by the client. We are not at liberty to publicly disclose specific engagements. We will be happy to discuss our more specific qualifications and experience in person.

SFAS RELATED SERVICES

Topic 820 – SFAS 157 Fair Value Measurement
Topic 805 – FAS 141(R): Purchase Price Allocation
SFAS 142 – Impairment Testing

IFRS RELATED SERVICES

IFRS 3 Business Combinations
IAS 16 Property, Plant and Equipment
IAS 17 Leases
IAS 38 Intangible Assets
IAS 41 Agriculture
IAS 36 Impairment of Assets
IAS 40 Investment Property
IFRS 5 Assets held for sale/ discontinued operations

OTHER SERVICES

Valuation for Fresh Start Reporting (Bankruptcy Emergence)
Portfolio Investment Valuation Services

Contact Us

Find a contact

Financial Reporting Americas Group Leader

Marius Andreasen, MAI, CFA
Senior Managing Director

Chicago, IL
(312) 470-1881

Financial Reporting U.S. Group Leader

John Corbett, MAI, MRICS
Senior Director

Philadelphia, PA
(215) 963-4061

Financial Reporting Brochure

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