Clairent News

15Nov2014

Josette Ferrer Discusses Trends / Best Practices in Business Valuation for the Knowledge Group

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"Trends and Business Practices in Business Valuation 2014" was a collaboration with Angela Sadang, Director of Litigation and Corporate Financial Advisory Services, at Marks Spaneth LLP. Josette's portion of the presentation focused on the following:
  • General best practices -- common for all valuation engagements
  • Financial reporting / accounting valuations
      Increasing SEC and Public Company Accounting Oversight Board scrutiny on fair value issues
      Audit process related to fair value reporting
      Fair value definition and key issues
      Specific technical issues (including review preferences associated with "quantitative" models related to earnouts and discounts for lack of marketability)
19Feb2013

Josette Ferrer Speaks on Fair Value Updates at IMA Technical Meeting

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In February 2013, a Wall Street Journal article discussed the "value riddle" and increasing scrutiny by the SEC and Public Company Accounting Oversight Board ("PCAOB") around fair value issues. In Josette's presentation to the Peninsula-Palo Alto chapter of the Institute of Management Accountants ("IMA"), she discussed developments around the increasing documentation required around fair value, including sharing details from several recent projects on real-life fair value applications.
28Jan2013

Josette Ferrer Participates in Panel on FASB Fair Value Disclosure Requirements

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As part of a live webcast sponsored by The Knowledge Congress, Josette joined fellow industry experts from the accounting and finance industries to discuss the impact of new FASB fair value disclosures. These disclosures were part of Accounting Standards Update 2011-04 and became effective in Q1 2012.

The webcast provided insight on the FASB's requirements, a comparison and review of disclosures in companies' SEC filings, the SEC's views on what should be disclosed, auditors' concerns, and the current thinking on how requirements are expected to evolve.

Panelists on the webcast included Anthony Creamer, Managing Director at Navigant; Ralph Natilli, Principal at Rothstein Kass; Lou Fanzini, Director of Accounting Policy at AIG; Christopher Esposito, Partner at Deloitte & Touche LLP; Jon Waterman, Partner at McGladrey LLP; and James Kaiser, Partner at BBD, LLP.

20Sep2012

Josette Ferrer Moderates SF FEI M&A Panel

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Josette recently moderated a panel at a San Francisco Financial Executives International ("FEI") professional development event on September 20, 2012. The panel, entitled "War Stories – Latest Developments on the M&A Front", included: Jeanne Angelo-Pardo, Chief Financial Officer of Flurry, Inc. and Ultriva, Inc.; Trevor Cox, Founder of Trevor Cox Consulting; and Daniel Shea, Managing Director of BDO Capital Advisors, LLC. The discussion focused on the panelists' observations and specific experiences related to deal flow, valuations, deal structures, due diligence issues, and integration.
27Aug2012

Josette Ferrer Invited to Speak at IMA Controllership Forum

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On August 27, 2012, Josette spoke on valuation issues related to long-lived asset impairment at the Fall Controllership Forum training held by the Institute of Management Accountants ("IMA"), Peninsula-Palo Alto Chapter. Josette's presentation covered guidance related to long-lived asset impairment as detailed in Accounting Standards Codification Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets, auditor review considerations, case studies related to a variety of industries and assets, and sample SEC comments and issues.
18Aug2012

Josette Ferrer Discusses Valuation Issues Related to Business Combinations at IMA Yearly Conference

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On August 18, 2012, Josette spoke on valuation issues related to business combinations at Knowledge Synergized, a conference held by the Institute of Management Accountants ("IMA") Peninsula-Palo Alto Chapter. Josette provided an overview of financial reporting guidance and references, and discussed observations on key qualitative factors impacting intangible asset and goodwill values, auditor review considerations, technical issues (including market participant assumptions, earn-outs / contingent consideration, asset-specific assumptions, and amortization life estimates), and sample SEC comments and issues.
20Dec2011

Josette Ferrer Discusses Goodwill Impairment Testing Updates at IMA Event

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On December 20, 2011, Josette Ferrer spoke on goodwill impairment testing issues at the monthly technical meeting hosted by the Institute of Management Accountants ("IMA") Peninsula-Palo Alto chapter. Josette's presentation provided a summary of changes related to recently-issued Accounting Standards Update 2011-08, Testing Goodwill for Impairment, implications, and a review of various case studies and examples.