American Appraisal employs one of the largest teams of fixed asset Consultants in the world.
When was the last time a physical inventory was conducted of your firm’s fixed assets? How often are your fixed asset records reconciled to the general ledger? Has your facility ever received any negative comments relating to fixed assets from either external or internal auditors? Have bar coded identification tags been affixed to your fixed assets? Are property taxes being paid on ghost assets? Do you have the appropriate policies and procedures in place to accurately track the life cycle of a fixed asset?
While fixed asset management services will assist you in meeting external audit and regulatory standards, it can also be extremely beneficial in meeting your firm’s capital budgeting, financial and risk management reporting requirements. Additionally, the identification of ghost assets and their elimination from your books may result in a substantial reduction in your property taxes.
Long-standing leadership
American Appraisal is here for you. While other consulting firms have downsized their fixed asset capabilities, relying instead on subcontractors and staff members who are more customarily involved in other consulting activities, American Appraisal has continued to develop this area of its expertise. Today, we employ one of the largest teams of fixed asset Consultants in the world.
Unrivalled experience
Each year, we provide fixed asset management services for hundreds of capital-intensive corporations, including some of our nation’s largest manufacturers, healthcare, technology and telecommunications leaders.
American Appraisal offers a full range of fixed asset management services in addition to outsourcing solutions. Call on us to help you achieve your goals: Laura do I list experience
Improve visibility
Our asset inventory & reconciliation service provides a wall-to-wall inventory of all fixed assets to ensure they are properly captured on your accounting records and assistance in identification of those assets which are no longer on hand (ghost assets), as well as historical value of assets for use in financial statements. We can affix bar code tags to each asset to facilitate tracking and to simplify subsequent inventory verification.
Pinpoint strengths & vulnerabilities
American Appraisal performs detailed property tax studies to ensure that assets reported for property tax purposes are accurate. By properly identifying transfers, misclassifications and ghost assets, our Consultants can help lower property taxes.
Ensure compliance
We compare your current fixed asset management system with both best practices and compliance with applicable standards, e.g. SOX Section 404 and IFRS 16. Our reports are SAS 70 compliant and have withstood scrutiny of all cognizant agencies and internal/external audit review.
Evaluate or manage your electronic fixed asset accounting system
American Appraisal provides verification, compilation and annual updating services that are designed to assist our Clients in the maintenance and perpetuation of complete and accurate fixed asset accounting records for both accounting and insurance purposes. American Appraisal can provide analysis and recommendations for your existing fixed asset accounting records policies and procedures. Or, you can outsource this entire function to American Appraisal. We have the ability to seamlessly migrate records from your current system to our SAS 70 compliant e-PRAIS system and offer periodic updating services.
Advise on policy; build employee awareness and behavior
Drawing on our experience from hundreds of engagements, our Consultants can assist in the preparation of a policy & procedures manual, as well as provide hands-on training for all levels of personnel.
Identify opportunities to claim accelerated depreciation
American Appraisal has completed cost segregation studies to assist corporations in properly segregating building/renovation costs and depreciation on a component-by-component basis. We possess the engineering, construction, valuation, tax and regulatory backgrounds to maximize potential benefits.
Establish accurate insurable values
We research insurable values to support the placement of replacement cost and/or actual cash value coverages, as well as provide post-loss services.