Certified Public Accountants
& Business Consultants

Private Equity Services Group E-News December 2013

This newsletter is published by RubinBrown’s Private Equity Services Group to inform our clients and contacts about relevant industry updates, legislation and accounting information.


Got Revenue?

In a number of recent financial due diligence engagements, RubinBrown's advisors noticed probable misstatements of a target's reported revenue. Revenue misstatements usually result in a reduction to revenue (and EBITDA), but not always. The following is a list of revenue misstatements that have been uncovered, as well as the usual direction of any adjustment necessary to bring a company's reported revenue in line with reality.


Join RubinBrown at the AM&AA 2014 Winter Conference

RubinBrown is a sponsor for the upcoming AM&AA Winter Conference, “Dynamic Deal Making: New Rules, New Strategies, New Opportunities,” 
taking place January 21-23 in Scottsdale, AZ. The conference is designed to provide educational and networking opportunities for a diverse group of middle market professionals and will feature stimulating panel discussions, focused conversations and dynamic dialogue.

This international group of 450+ attendees will include:

  • Investment Bankers
  • Private Equity Investors
  • Senior & Mezzanine Lenders
  • CPAs
  • Attorney & Legal Representatives
  • Business Valuators
  • Consultants & Other M&A Professionals

Click here for more details on the event.

Because RubinBrown is a member organization, we are able to pass along a 10% discount on registration. Please click here to register, and use the code “AMAAC” for the 10% discount.


Focus on Taxation: Final Regulations for Qualified Stock Dispositions Issued

The Internal Revenue Service (IRS) recently issued final regulations under Code Section (Sec.) 336(e) that allow individuals and partnerships, in certain circumstances, to step-up their basis in business assets acquired by stock acquisition.


Readers should not act upon information presented without individual professional consultation.