This AICPA Accounting and Valuation Guide has been developed by the AICPA IPR&D Task Force and AICPA staff. This guide provides guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding the initial and subsequent accounting for, valuation of, and disclosures related to acquired in-process research and development (IPR&D) assets. The valuation guidance in this guide is focused on measuring fair value of IPR&D assets for financial reporting purposes.
Accounting guidance for nongovernmental entities included in