Can I use Opagio valuations for financial statements?
Short Answer
Opagio valuations can support internal financial analysis but should not be used as final figures in audited financial statements without professional review. Auditors require independently signed valuation reports for material assets.
Full Explanation
Financial statements (prepared under IFRS or US GAAP) require auditor sign-off, and auditors expect valuations of material intangible assets to be supported by qualified independent valuers with professional indemnity insurance. Opagio can accelerate the process by identifying assets, organising data, and providing initial valuations that a professional firm can review and refine. Many mid-market companies use Opagio to prepare for these conversations, reducing the scope and cost of professional work. For statutory financial reporting, especially in acquisitions (where purchase price allocation is mandatory), you should budget for a professional valuation engagement. For internal management reporting, tax planning, and strategic analysis, Opagio valuations can stand alone.
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