Many business owners are uncertain about the real value of their business at the time of an incorporation and need to find an accountant with experience in accounting valuation report.
The CFC published in Federal Official Gazette On April 15, 2014 the Brazilian Accounting Standard (NBC) — CTA 20, which was approved by the plenary session and is based on technical communication no. 03/2014, issued by the Institute of Independent Auditors of Brazil (IBRACON), where rules and requirements were pronounced for the issuance of accounting valuation report on the part of the independent auditor. The standard states that for corporate restructuring to take place, it is necessary to use valuation accounting reports. These documents are required in cases of incorporation, merger and division of companies.
O accounting valuation report it may include net accounting equity or the net accounting collection consisting of all components of the balance sheet, a net accounting collection consisting of certain assets and liabilities specifically selected by the management of the entity requesting the valuation report.
The Federal Accounting Council also published, on December 5, 2018, in Federal Official Gazette (DOU), the Brazilian Accounting Standard called Technical Notice CTG 2002, which provides for the technical and professional standards to be observed by the accountant to issue accounting valuation report of net assets at book value or of net book assets adjusted at market prices. The communication establishes criteria and procedures for accountants in general, and in accordance with the standard, the reports are intended to support the processes of incorporation, division or merger of entities, of corporate restructuring, of the withdrawal or entry of partners, of the closure of activities, of specific transactions provided for by law or regulation of regulatory bodies.
To access the CTG 2002 Technical Notice, click here: https://www1.cfc.org.br/sisweb/SRE/docs/CTG2002.pdf
Entrepreneurs need to be alert to corporate reorganization opportunities, including incorporation, as they are strategies that ensure not only business continuity, but asset protection and effective tax planning.
TATICCA — ALLINIAL GLOBAL has an experienced team, capable of understanding various segments and markets, with market analysis capacity and complete understanding of the standards for the production of accounting valuation report, using the best methodology depending on the objective of the assessment.
Contact TATICCA — ALLINIAL GLOBAL, which provides integrated auditing services, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, at www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.
