The first Business Valuation and Expected Credit Loss training seminar was successfully held on 25 November 2019 in Hong Kong. With more than 20 people from a CPA firm focusing on listed companies attended this seminar.
During the first session of the seminar, the Director of Valtech, Marvin Wong shared the knowledge and cutting-edge news and trend of business valuation including equity interest, intangible assets, purchase price allocation and so on, which are very useful and practical for both CPA and audit practitioners.
In the second-half session, Jimmy Wong, the Director of Valtech shared the changes and new standards of IFRS 9 and the valuation method of Expected Credit Loss. Some significant points need to be pay attention by auditors were carefully highlighted, and the valuation method from Big 4 accounting firms and Valtech were well introduced in this session.