MALVERN, Pa.--(BUSINESS WIRE)--AC Lordi, a leading provider of accounting and risk management consulting and executive search, announced today that it is adding valuation to its array of services. Andrew Wiest, who has more than 25 years of experience in the valuation of business enterprises, intangible assets, liabilities and securities, will head up the new practice.
“Our clients rely on us for purchase accounting, impairment testing, and accounting for equity compensation. These essential needs are predicated on valuation services which, up until now, required us to bring in third parties to support,” said AC Lordi CEO and Managing Principal Frank Lordi. “Andy has ideal experience and an excellent reputation in the Philadelphia market, and we are pleased that he’s joined us to lead this new effort.”
Fair value measurements for financial reporting purposes are becoming more complex due to increased scrutiny by audit firm valuation specialists, the SEC and the PCAOB. Many companies choose to outsource these measurements to third-party specialists who have the requisite expertise and understand the documentation needs of audit firms. With the addition of valuation services, AC Lordi will now be one of few firms that offers an integrated accounting solution for complex financial transactions such as business combinations or debt, equity, or hybrid financings.
Wiest, a Penn State alum, joined AC Lordi at the end of 2014 and has held valuation practice leadership positions at several national accounting and valuation firms including Grant Thornton and KPMG. In addition to financial reporting, Wiest has extensive experience advising clients on mergers and acquisitions, leveraged buy-outs, recapitalizations, litigation support, dissenting stockholders’ actions and estate planning. His clients cross a wide range of industries including software, life sciences and private equity.
About AC Lordi
AC Lordi is one of the leading providers of accounting and risk management consulting and executive search. The company is headquartered in Malvern, PA. For more information visit: www.aclordi.com
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