In 2019, the IASB issued an Exposure Draft: General Presentation and Disclosures in which the board laid out its proposals for a reorganisation particularly of the profit & loss statement (P&L). The main idea is to present financial performance in a more economic way, i.e. splitting down the P&L into operating, investing and financial sections – similar […]
The COVID-19 health and financial crisis surfaced while investment activities were mounted on a decade long wave of growing transaction volumes. Every business, small to large, including PE/VC firms, has endured the wrath of this pandemic and is coming to the grips of the new normal with the phased re-opening of economies around the world. […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Atul Deshmukh of KNAV. Atul has joined IR as our exclusive Business & Asset Valuations member in US – Georgia. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Jeff Bae of Valuation Services, Inc. Jeff has joined IR as our exclusive Business & Asset Valuations member in US – Virginia. Founded in 1995, Valuation Services, Inc. (VSI) is one of the nation’s premier business valuation firms, with offices in Washington, DC, […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Vivek Shah of KNAV. Vivek has joined IR as our exclusive Business & Asset Valuations member in US – Georgia. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. […]
Preface: This is just an educational explanation based on public press reports. It does not mirror my own analytical views, positions and findings. Please read the disclaimer at the end. First Act: Exposition I am running a little beer pub in the middle of Nuernberg, a city in Germany. My speciality is the “Burg”-Beer (“Burg” is […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Danny Vannevel of VD&P Corporate Finance. Danny has joined IR as our exclusive Business & Asset Valuations member in Belgium. VD&P aims to be the full service corporate finance advisor for family owned companies and business owners. Established in ’95, owned by […]
The Wirecard case provides a lot of lessons for analysts and investors. However, one aspect has not been discussed a lot so far. The question: Did all this happen despite our well-functioning accounting and reporting system? Or did IFRS rather push the Wirecard developments? It turns out the truth is somewhere between the extremes. This […]
Intellectual Property Analyst Nevium Intellectual Property Consultants is a San Diego-based consulting firm focused on analysis and valuation of intellectual property assets. We provide IP valuations, expert witness testimony and strategic advice to law firms, business owners and strategic investor clients. We are hiring an Intellectual Property Valuation Consultant to join our team in San […]
Last week, Matthias Meitner gave an interview to Tilman Versch from the GoodInvesting-Channel about financial statement analysis – in particular on how to spot financial fraud. You can watch the video here: Watch on Youtube
During the last days we got a lot of questions about what EY could have seen and what is beyond the detection horizon of regular auditors. This is why we want to shed some more light on Wirecard’s accounting and the proceeding of auditors in this blog post. And we do it by way of […]
This problem can really bring a dishonest manager’s decision making process to a breaking point: Overstating revenues (and hence earnings) is one thing, but if you want to draw a complete and consistent picture of this fraudulent behaviour you have to declare the overstated earnings to the tax authorities and consequently pay income taxes for […]