Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
On 22 November 2024, the IDW published the draft of a new version of the IDW Standard: Principles for the Performance of Business Valuations (IDW ES 1 n.F.)
On 7 November 2024, the Technical Committee for Business Valuation and Economics (FAUB) adopted the draft of a new version of the IDW Standard: Principles for the Performance of Business Valuations (IDW ES 1 n.F.).
In addition to a new structure and conceptual modernisation, the draft contains the following new features in particular:
- In addition to the objectified business value, the plausibilised decision value is introduced as a new valuation concept.
- In addition to the existing functions of the auditor as a neutral valuer and advisor, the new function of the neutral expert is introduced, in which the auditor can act both for the determination of an objectified business value and for the determination of a plausibilised decision value.
The deadline for comments on the published draft is 31 May 2025.
The complete draft is available on the IDW website at this link.
KPMG Express Accounting News
Connect with us
- Find office locations kpmg.findOfficeLocations
- kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia
Stay up to date with what matters to you
Gain access to personalized content based on your interests by signing up today