Many entrepreneurs are uncertain about the real value of their business at the time of incorporation and need to find an accountant with experience in accounting appraisal report.
The CFC has published No. Official Gazette on April 15, 2014 the Brazilian Accounting Standard (NBC) - CTA 20, which was approved by the plenary and which is based on technical communication nº 03/2014, from the Institute of Independent Auditors of Brazil (IBRACON), where rules and requirements for the issuance of accounting appraisal report by the independent auditor. The rule says that for there to be a corporate restructuring, it is necessary to use accounting appraisal reports. These documents are required in cases of incorporation, merger and division of companies.
O accounting appraisal report may comprise book equity or the book net assets formed by all components of the balance sheet, accounting net assets formed by 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 the Federal Official Gazette (DOU), the Brazilian Accounting Standard called Comunicado Técnico CTG 2002, which provides for the technical and professional standards to be observed by the accountant for issuing accounting appraisal report of net assets at book value or of net assets adjusted to market prices. The communiqué establishes criteria and procedures for accountants in general, and in accordance with the standard, the reports are intended to support the processes of incorporation, spin-off or merger of entities, corporate restructuring, withdrawal or entry of partners, closing activities, specific operations provided for by law or regulatory bodies.
To access the CTG 2002 Technical Release, click here: https://www1.cfc.org.br/sisweb/SRE/docs/CTG2002.pdf
Entrepreneurs need to be alert to opportunities for corporate reorganization, including incorporation, as these are strategies that make it possible to guarantee not only the continuity of the business, but also the protection of assets and effective tax planning.
TATICCA – ALLINIAL GLOBAL has an experienced team, capable of understanding different segments and markets, with the ability to analyze the market and complete understanding of the standards for the production of accounting appraisal report, using the best methodology depending on the objective of the evaluation.
Get in touch with TATICCA – ALLINIAL GLOBAL, which works with integrated auditing services, internal audit, accounting, tax, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, visit www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.