FRP
3 Experts
1 Contributions by FRP Experts
PRACTICE NOTES
This Practice Note considers independent business reviews (IBRs) and sets out to:
offer high-level guidance on an IBR
indicate when an IBR might be requested
identify potential areas of conflict
highlight typical scope and report contents
outline common outcomes of an IBR, and
flag key issues at the point of engagement
What is an IBR?
The purpose of an IBR is often misconstrued, sometimes regarded as a precursor to insolvency or a lender withdrawing support. Although either may occur, an IBR chiefly provides stakeholders with an external perspective to aid decision-making. It is an independent, objective and impartial review that typically examines a company’s current trading position and future prospects, enabling the company and its stakeholders—principally lenders and investors—to consider their options using an agreed, fact-based understanding. While many IBRs focus on historic and forecast financial
Restructuring & Insolvency
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