Any company with US GAAP based financial statements that has recently entered into a merger or acquisition is affected by the requirements of ASC 805 (Accounting Standards Codification Topic 805, formerly SFAS 141). evcValuation works with clients to provide financial reporting valuation services that meet these requirements. A financial reporting valuation often is referred to as a purchase price allocation, or PPA. In asset transactions, PPAs also require federal tax reporting valuations. Sections 1060 and 338 of the Internal Revenue Code detail procedures for completing PPAs for U.S. tax reporting purposes. evcValuation can competently assist in the allocation of purchase price and tax reporting valuations and also help support the valuation results all the way through the auditor review process.