The American Institute of CPAs’ Financial Reporting Executive
Committee has published a working draft version of a revised practice
aid for valuing equity securities issued as compensation for executives
at private companies.
The revised AICPA practice aid, Valuation of Privately-Held-Company Equity Securities Issued as Compensation,
also called the "Cheap Stock" practice aid, offers non-authoritative
guidance and examples that preparers, auditors, valuation specialists,
and others can use when working on valuation and disclosures related to
privately held company equity securities that have been given out as
compensation.
The document also deals with issues such as FASB standards on share-based payments and fair value measurement.
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The AICPA is soliciting comments on the working draft, which should be submitted by May 31.
(Thanks to Elizabeth Dodge for finding this one)