The determination of the accurate and defensible fair value of telecommunications company assets for financial reporting purposes.

Corporate management is obligated to provide shareholders, regulators and tax authorities with financial statements that accurately reflect the value of the company’s assets. Valuations for financial reporting purposes require adherence to a consistent set of professional, technical, and ethical standards as well as a set of guiding principles that help define how much work is necessary in order to provide supportable and auditable Fair Value measurements. Standards based accounting rules issued by the Financial Accounting Standards Board (FASB) provide guidelines for the valuation of tangible and intangible assets acquired in a merger or acquisition.  At the request of the Securities and Exchange Commission (SEC), leading valuation professional organizations have cooperated to create a set of valuation performance requirements that are stipulated in a Mandatory Performance Framework standard.  Walters & Associates, Inc. applies as best practice The Mandatory Performance Framework requirements for conducting Fair Value appraisals issued for financial reporting purposes. This is essential to support the appraised values for use in financial reporting and review by regulatory authorities.