The main changes made in a corporate reorganization process, as provided for in the Brazilian Corporation Law, Law 6404/76, are the transformation, incorporation, merger or spin-off. And every corporate reorganization, whose objectives in the companies are different, as planned, needs a accounting appraisal report.
The report is basically a document in which the conclusions of an expert examination are presented. At the accounting appraisal report, the amount attributable to a certain asset is defined, according to accounting or market value criteria.
To obtain the accounting appraisal report, it is recommended to seek specialists in the accounting, financial and legal areas. Specifically for cases of incorporation, merger and spin-off, the Civil Code requires, also through the Brazilian Corporation Law and the Securities and Exchange Commission, the appointment of experts or a specialized company, to carry out the evaluation and subsequent issuance of the report.
O accounting appraisal report is conducted by the technical and professional guidelines established by the Brazilian Accounting Standards and companies that undergo reorganization processes, also need to observe requirements regarding fiscal and tax accessory obligations, in accordance with what is required by federal, state and municipal inspection bodies.
No accounting appraisal report the expert records the research, diligence, studies and evidence necessary to demonstrate the completion of his work. It is a technical piece logically designed, with its own structured pattern. The language used must be accessible, allowing users to properly interpret the results, so it is recommended that the technical terms be added with additional clarifications.
In case of use of the market value criterion for the accounting appraisal report, the methodology used should be mentioned, mainly for some items, such as permanent assets and inventories. If the valuation criterion is accounting, another professional is not necessary, but for the valuation of fixed assets at market values, the expert must seek a professional evaluation from an Engineer registered with CREA.
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