In Focus

• Firms Can Fix What They're Getting Wrong in New Lease Standard
• 6 Key Climate-Related Disclosures in SEC's Proposed Rule
• The Intersection of M&A and Internal Controls: A Comprehensive Report
• Economic Headwinds: How Can Hedging Help?

Wide Lens

• 10 Best Practices for Your Middle-Market M&A Transaction
• Three Companies Navigate Cross-Border M&A Trends and Transactions
• Stout's Integrated Transaction Services Enable National Auto Parts Sale
• Preparing for a Successful Carve-Out Sale: Key Factors and Best Practices
• SEC Requires Fairness or Valuation Opinion in GP-Led Secondary Transactions
• Tips for Developing Effective Licensee Monitoring
• What Companies Should Know About Data Analytics' Value in Compliance
• How to Maximize Insurance Recovery When Disaster Strikes
• Due Diligence is Critical in "Fake It Till You Make It" Start-Up Culture
• Regulatory Compliance & Financial Crimes Update - September/October 2023

What’s Trending

• IRS Announces Process for Withdrawing Employee Retention Credit Claims
• ExxonMobil's Announced Acquisition of Pioneer Natural Resources: Could It Be Considered a Value Acquisition?
• Improved Supply/Demand Dynamics Support Higher Expected Oil Prices
• Oil Prices Go Back to the 80s (in Dollars Per Barrel, That Is)
• Israel-Hamas War and the Potential Impact on Oil Prices

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This quarter, your team will be focused on several year-end activities, including preparing for your annual audit and impairment testing, in addition to keeping up with day-to-day responsibilities. Stout can support you with these procedures so that you can finish the year strong.  

Impairment Testing Support

Whether you’re facing a compressed timeline or if you’re uncertain on how to conduct your recoverability tests, Stout can help ensure your valuations are carried out in a timely manner and meet your financial reporting requirements. Learn more about our financial reporting expertise.

Select Engagements

• Performed long-lived asset impairment testing under U.S. GAAP
• Performed long-lived asset impairment testing under IFRS
• Provided goodwill and long-lived asset impairment testing
• Valued retail company and brand name for impairment testing purposes 

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Select Insights

• Shaking It Up: A Look at Goodwill Reassignments
• Don’t Overlook These Critical Impairment Testing Considerations
• ASC 360 Impairment Testing: Long-Lived Assets Classified as Held and Used
• IFRS vs U.S. GAAP – Are You Ready for Impairment Testing? 

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Audit Preparation

Stout supports companies with their annual audit and quarterly reviews, including: 

• Cash to accrual conversion
• IFRS / U.S. GAAP conversion
• Financial statement preparation and related disclosures
• Preparation of financial sections for Form 10-K or 10-Q 
• Audit support 

Learn more about how we can support the audit process.

Transaction activity in the government services space once again led the industry by deal count, accounting for 51% of all U.S. transactions, with defense comprising 32% and aerospace the remaining 17%.

This report includes:

• M&A Activity and Trends
• Capital Markets Performance
• M&A Deal Volume Metrics
• Notable Transactions
• Public Markets Performance 

Download the full report.

“Stout has always been able to meet our tight deadlines and has provided excellent support responding to questions from our external auditors.” - Chief Accounting Officer at diversified holding company

“The (impairment testing) process was very efficient, on time, and on budget.” - Chief Financial Officer at digital marketing consulting company

“The team is very responsive to our needs and efficient in delivering our reports. The deliverables were targeted to the needs of the auditors, as well as us, the client.” - Chief Operating Officer at university endowment fund

Stout is pleased to announce the acquisition of Torrey Partners, an economic, forensic accounting, and valuation services firm in San Diego, California. “The combination of our expertise with Torrey Partners’ deep-rooted experience will enable us to continue growing our intellectual property, complex business litigation, and high-stakes martial dissolution practice,” shared Mike Petron, Co-President of Stout’s Disputes, Claims, & Investigations group.

Stout advised BDO USA on the establishment of an employee stock ownership plan (ESOP). Stout served as the exclusive financial advisor and led the ESOP structuring, financing process, and execution. “Stout’s strategic guidance and knowledge were instrumental in creating an ESOP structure that would allow our people and firm to thrive,” said Steve Ferrara, COO of BDO USA. “Stout deftly helped us navigate the intricacies of this complex transaction, allowing us to bring broad-based beneficial ownership to all eligible U.S. employees and enabling a material benefit to the firm. We are grateful to the entire Stout team.”

Fourteen of Stout’s intellectual property experts have been recognized by Intellectual Asset Management (IAM) in its 2023 Patent 1000 rankings. Stout is proud to consistently have one of the largest numbers of recognized experts among the ranked U.S. firms.

Stout’s Managing Director Kate Lattner has been named a 2023 honoree of the American Bankruptcy Institute’s prestigious 40 Under 40 program. The 40 Under 40 honorees are distinguished by professional achievements and service and are selected by a group of experienced insolvency professionals.

Stout is excited to announce the release of the 2023 Stout Restricted Stock Study Companion Guide. This resource is tailored to support valuation experts who are tasked with evaluating discounts for lack of marketability. As Managing Director Aaron Stumpf shared, “With this study, we empower professionals to make informed decisions and elevate their expertise in the valuation of illiquid business interests.”