News

Myron Marcinkowski Quoted in the Wall Street Journal: Financial Groups Roll Out New Valuation Standard
The new standard could either force some to drop out of the business or change their approach to comply with best practices.

Marianna Todorova Published in FEI Daily: Goodwill Step 0 Use Up, FASB Simplification
Step 0 continues to gain a solid foothold among companies; FASB’s proposal to simplify goodwill impairment testing is very well-received. Over 80 percent of respondents to the 2016 Survey prefer the elimination of Step 2 of the current goodwill impairment test.

Nancy Czaplinski Quoted in BVWire: MPF Finalization Ushers in New CEIV Credential
The American Institute of CPAs, the American Society of Appraisers and the Royal Institution of Chartered Surveyors want to bring more consistency to the profession and reduce the number of questions auditors raise about the valuations. 

Insights

Staffing Industry M&A Landscape - Q4 2016
Staffing M&A activity remained strong in the last half of 2016 as sellers continued to take advantage of favorable market conditions, strong operating results and an ample number of well capitalized buyers.

Duff & Phelps Decreases U.S. Normalized Risk-Free Rate from 4.0% to 3.5%
Based on declining real interest rates and long term growth estimates for the U.S. economy, we are lowering the U.S. normalized risk-free rate from 4.0% to 3.5% when developing discount rates as of November 15, 2016 and thereafter, until further guidance is issued.

Healthcare Services Sector Update - December 2016
The S&P Healthcare Services Index increased 1.2% over the past month, underperforming the S&P 500, which increased 1.8% over the same period.