Stout performed Step II long-lived asset impairment testing procedures under U.S. GAAP for a global manufacturer of machined aluminum and iron cast automotive components.

This work included both domestic and international site inspections, utilization of both the market and cost approaches to value, estimation of the fair value of both the personal and real property assets, and calculation of the overall impairment charge to be recorded.

Stout’s analysis was successfully reviewed by a national audit practice, and Stout was able to assist the client accurately and efficiently with its financial reporting requirements.