by Jon Hunt | Dec 15, 2025 | News & Insights, Thought Leadership, Uncategorized
This checklist outlines key activities finance leadership teams should consider before calendar year-end to position the organization for an efficient and “no surprises” external audit. 1. Align on Audit Scope, Risks, and Timeline Hold a formal pre–year-end planning...
by Jon Hunt | Nov 4, 2025 | News & Insights, Uncategorized
Key Highlights for Finance Function Auditors are intensifying their focus on fair value measurements in M&A transactions, particularly in purchase price allocations (PPAs). PCAOB inspection findings consistently cite deficiencies in auditing fair value estimates,...
by Jon Hunt | Oct 30, 2025 | News & Insights, Uncategorized
The Financial Accounting Standards Board issued ASU 2025-04, Clarification to Share-Based Consideration Payable to a Customer (ASU 2025-04) to clarify how to account for share-based awards (e.g., options, warrants, shares) granted to customers as sales incentives with...
by admin.virtas | Oct 22, 2025 | Case Studies, Uncategorized
Virtas Partners was engaged by a power equipment manufacturer to assess and recommend opportunities for SG&A cost optimization in the context of re-negotiating a lending agreement Client Need Our privately held client was experiencing industry-wide headwinds...
by Jon Hunt | Oct 13, 2025 | News & Insights, Uncategorized
The following outlines each of the SEC’s current comment letter focus areas, with a brief explanation of why they matter in today’s environment. These summaries highlight both the long-standing topics that remain consistent year after year and the emerging issues...
by admin.virtas | Aug 15, 2025 | News & Insights, Thought Leadership, Uncategorized
What’s Happening: The debate around goodwill and intangible asset accounting continues to heat up. The FASB has received sustained feedback on whether goodwill should return to an amortization model (as required under IFRS and private company alternatives)...
