Valuations for Financial Reporting

Meeting your regulatory compliance requirements can be daunting. Many organizations lack the internal resources to implement complex financial reporting standards, never mind staying up to date on new accounting standards and their impact on your business. 

Having a clear fair market value for your business is an essential part of various financial reporting requirements — whether under Canada’s Accounting Standards for Private Enterprises (ASPE), U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). 

We can help you with determining the fair value of goodwill, investment fund holdings and intangible and tangible assets in accordance with the Chartered Professional Accountants of Canada, the Financial Accounting Standards Board and International Financial Reporting Standards.

Solutions for Your Success

  • Purchase Price Allocation and Goodwill Impairment Testing

    Purchase Price Allocation applies goodwill accounting when a company buying another company assigns new values to its target’s assets and liabilities, based on the price paid. Working with public and private companies, our team delivers a valuation analysis and the determined fair value of identifiable intangible assets.

    Insights

    • Agility

      November 11, 2020

      Critical amendments to Canada's anti-money laundering rules

      Recent changes to Canada's anti-money laundering rules specifically impact politically exposed persons, beneficial ownership, real estate practitioners and casinos.

    • Performance

      August 23, 2020

      The value of a minority shareholding: Lack of control and marketability can result in a discount

      Find out factors to consider when valuating a minority shareholding.

    • Confidence

      May 25, 2020

      Forensics and Litigation Support - Fraud Mitigation, Identification and Resolution

      Protect your organization’s assets and reputation with MNP’s Forensics and Litigation Support team.

    Contact Our Valuations Team

    Michael Sileika CPA, CA, CBV

    National Lead, Valuation Services

    Michael Sileika, CPA, CA, CBV, is the lead Partner for Valuation services in Canada. Michael has over 20 years of experience delivering valuation services for purposes ranging from mergers and acquisitions, litigation support, economic loss quantification, damage quantification, fairness opinions, arbitration and financial reporting.

    Michael has direct experience in several industries including professional services, mining, power generation and transmission, sport franchises, small business, entrepreneurial operations, First Nations and manufacturing. He works closely with his clients to understand their businesses and their goals and customizes solutions to meet their unique needs.

    Prior to joining MNP, Michael worked in both the Vancouver and Toronto offices of an international accounting firm. He has also worked with a U.S.- based financial services company and for a crown corporation. Michael has testified as an expert in business valuation before the BC Supreme Court.

    Michael is a Chartered Professional Accountant (CPA, CA) who qualified in 1999 and received the Chartered Business Valuator (CBV) designation in 2002. He graduated from the University of Western Ontario with a Bachelor of Arts in Economics.