Application of Mandatory Performance Framework

ValueScope is a leader in the application of fair value measurement applying the Mandatory Performance Framework for better compliance with the Public Company Accounting Oversight Board.

Fair value concepts are the foundation for estimating the value of a wide spectrum of assets and liabilities. Fair value is the measurement attribute of many such assets and liabilities included in an entity’s financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP), and when appropriate, International Financial Reporting Standards (IFRS).

The Mandatory Performance Framework sets forth the most common concepts the valuation professional should understand in order to estimate the fair value of a business, business interest, intangible asset, certain liabilities, or inventory.  The application of this framework is set out under three significant topics related to the fundamentals of fair value and may be applicable to many different subject interests.

  • Fair value measurement
  • Selection of valuation approaches and methods
  • Prospective financial information

The Certified in Entity and Intangible Valuations™ (CEIV™) credential is intended for professionals who perform fair value measurements for public company financial statement reporting purposes. The credential is offered to members and prospective members of ASA, AICPA, and RICS who work in the fair value arena.


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