Business Valuation Services

Expert Witnesses

Financial officers and auditors turn to us for advice and assistance in carrying out goodwill impairment studies and purchase price allocation studies required in the preparation of financial statements which conform to generally accepted accounting principals, GAAP. Goodwill impairment and valuation studies are used in the implementation of FASB 141, Business Combinations, and FASB 142, Goodwill and Other Intangible Assets.

Accountants and financial officers also rely on us for assistance in valuing stock options issued as employee compensation, or for other purposes. FASB 123R requires that the fair value of stock options be determined for use in preparation of financial statements. Hempstead & Co. is experienced in all of the methodologies used in option valuation, including Black-Scholes, binomial and Monte Carlo.

Officers of Hempstead & Co. serve on the Appraisal Issues Task Force, AITF, a national organization which provides input to the SEC and the Financial Accounting Standards Board, FASB, on accounting-related valuation issues.