Financial reporting
Fair value for the balance sheet, impairment testing and purchase accounting.
Appraisals for audit, insurance & reporting.
Auditors, insurers and CFOs need equipment values that tie to the standard, fair value for financial reporting, replacement cost for insurance, and clean fixed-asset records. We deliver USPAP-compliant appraisals built for the file.
The short answer
What value do auditors and insurers need?
For financial statements, the premise is usually fair value under the applicable accounting standard; for coverage and claims, it's replacement cost and, where relevant, actual cash value. We determine the correct premise for your purpose, value the assets under USPAP, and document them so they reconcile to your fixed-asset ledger and survive review.
A current, well-supported schedule prevents both under-insurance and overstated book value, two problems an audit or a claim will expose at the worst time.
When you need one
Reporting & insurance scenarios.
Records & reconciliation
Clean up and substantiate the fixed-asset register with an item-by-item appraisal.
Coverage & claims
Replacement-cost schedules to set coverage limits and support claims after a loss.
How the engagement works
Built for the file.
Scope & premise
We confirm fair value vs. replacement cost and reconcile to your asset list.
Inspect & analyze
Cost and market approaches applied item by item by a certified appraiser.
Senior review
Assumptions, data and methodology confirmed before release.
Defensible report
Narrative, itemized appendix and photographs, built for auditors and insurers.
Common questions
Reporting appraisals, answered.
What is the difference between fair value and fair market value?
Fair market value is an appraisal premise for a hypothetical willing buyer and seller. Fair value is an accounting term defined by the applicable financial-reporting standard. We apply the one your purpose requires and say which it is.
Can you appraise equipment for financial statements?
Yes. We conclude fair value under USPAP for balance-sheet reporting, impairment and purchase accounting, documented to reconcile with your fixed-asset records.
Do you produce insurance replacement-cost schedules?
Yes. We prepare replacement-cost (and where relevant actual-cash-value) schedules to set coverage limits and support claims.
Related
Often paired with M&A and ownership settlement. See how we determine value.
Ready when you are
Get a schedule that ties out.
Start your request online, upload photos for a desktop appraisal, or tell us how many sites your assets sit on for an on-site visit.