David Larsen, who had helped the AICPA release new guidelines in August 2019 aiming to standardize how PE firms and other investors value their companies, recently talked about the impact of these guidelines with the Wall Street Journal.
David, Managing Director in the Duff & Phelps Alternative Asset Advisory practice, commented: “If you didn’t have a very robust process before, you probably have to change something now. If you did have a rigorous process, you probably don’t have to change much. The SEC does not ask, ‘Did you do a proper valuation?’. The SEC wants to know if you are giving your investors what you told them you would give them.”
Read the full story here.
