AICPA valuation and accounting guide

For the valuation of portfolio company investments of venture capital and private equity funds and other investment companies


The AICPA recently released a new valuation and accounting guide for the valuation of portfolio company investments of venture capital and private equity funds and other investment companies (The guide). KPMG was honored to participate in the development of this guide by serving as the co-taskforce leader during development over the last six years.

Watch our videos to learn about:

  • Why the guide was developed
  • Unit of account 
  • Time horizon
  • Market participant assumptions
  • Calibration
  • Control and marketability
  • Valuation methodologies for complex capital structures

Overview of the guide

A deeper dive: Unit of account; time horizon

KPMG thought leaders explore the guide

Video excerpt: Time horizon explained

Video excerpt: Unit of account explained


Capital complex structures
Selecting a methodology for valuing equity

A quick reference guide
Find the most relevant information you need in the AICPA’s new accounting and valuation guide.

Sean McKee

Sean McKee

Partner, Audit, KPMG US

+1 609-947-2529
Ted Hollo

Ted Hollo

Managing Director, Tax, KPMG US

+1 703-343-2854
Brian Bouchard

Brian Bouchard

Partner, Tax, KPMG US

+1 212-954-4871
Fred Betz

Fred Betz

Managing Director, Economic & Valuation Services, KPMG US

+1 212-872-7880