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AICPA issues working draft on valuation of portfolio company investments

  • AICPA (American Institute of CPAs) Image

May 17, 2018

The AICPA’s Financial Reporting Executive Committee has released for public comment a working draft of its accounting and valuation guide, “Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies.”

The working draft “provides nonauthoritative guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946 (including private equity funds, venture capital funds, hedge funds, and business development companies).”

Comments on the working draft are due by August 15, 2018. For more information, see the press release as well as part I and part II of the working draft on the AICPA’s Web site.

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