Low-quality IRC 409a being rejected by audit firms. What is your experience?
Recently discussed our IRC409a services offering with a SF Bay-Area compensation attorney (large national firm). First question asked: "Are your appraisals acceptable to audit reviewers, because we have had several of our clients seeking IPO registration or under M&A audit who have had to redo historical IRC409a/ASC 718 appraisals".
What are you hearing and seeing regarding this subject?