ARTICLE
8 August 2019

PCAOB's New Audit Standards: Will Your Valuation Processes Need To Change? (Video)

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Duff and Phelps

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Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. With Kroll, a division of Duff & Phelps since 2018, our firm has nearly 3,500 professionals in 28 countriesaround the world.
Duff & Phelps Alternate Asset Advisory experts discuss how the PCAOB's new audit standards impact the use of pricing services and broker quotes to estimate fair value.
United States Accounting and Audit

Duff & Phelps Alternate Asset Advisory experts discuss how the PCAOB's new audit standards impact the use of pricing services and broker quotes to estimate fair value. We share insights on how investors in alternative investments should prepare for the application of the new audit standards and we answer the following questions:

  • Can auditors use broker quotes and pricing vendor data as audit evidence?
  • What analysis should investment managers perform to provide auditable fair value estimates in accordance with the new audit standards?
  • Are Level II investments really Level III?
  • When are models needed to augment external broker quotes and pricing data?
  • What is the relationship between investment position size and contemporaneous and actionable transactions?
  • What changes to the valuation processes should be considered?

Duration: 56 minutes

Download Webcast Slides

Presenters

  • David Larsen, Managing Director, Duff & Phelps
  • Jennifer Press, Managing Director, Duff & Phelps

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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