As companies are evolving rapidly to adapt to the impact of COVID-19, the assessment of the risk embedded in the company’s prospective financial information (PFI) is a critical area in business valuation and in estimating the ability of a company to weather the volatile and constantly changing business landscape[1]. This article discusses several important considerations in light of COVID-19 regarding risk assessment and related documentation for business valuation engagements that apply the income approach.
As companies update their PFI to