Accounting and valuation support
Some cost questions are about the books, not the invoices. What does it cost to occupy your properties? What are your assets worth? How do new accounting rules change your numbers?
Fairview Audit connects you with partner firms that help with these questions. Fairview does not provide accounting, valuation or legal services itself.
What this category covers
Partner firms may offer several kinds of support. Which ones are available depends on the firm. [CONFIRM: a partner firm supplies and approves the services it offers in this category]
Baseline assessment
A baseline assessment builds a picture of what your properties cost to occupy. It brings together leases, service contracts, utilities and real estate taxes for owned and leased sites. Firms may speak with site staff and look at planned capital work. The result is a starting point for later cost decisions.
Asset valuation
Valuation work estimates the value of assets, often for reporting or allocation. For real estate, a cost segregation study allocates a property's total cost among land, the building and other property with different depreciation classes, for income tax purposes. The method depends on the purpose and the standards that apply. [VERIFY: the valuation standards that apply to your situation]
Accounting standards conversion
When accounting rules change, existing agreements may need to be recorded differently. Lease accounting is a common example. In the United States, the FASB lease standard generally has lessees record lease assets and liabilities on the balance sheet for leases longer than 12 months. A firm can help you gather the data and apply the new treatment. For lease-specific work, see lease audit and compliance. [VERIFY: which standards apply to your reporting]
Litigation support
In a dispute, financial records may need to be organized and analysed. Forensic accountants assess economic damages and act as expert witnesses. A partner firm can help assemble the numbers. Fairview does not give legal advice, and your own counsel directs legal strategy.
What you provide
The firm will tell you what it needs. Common requests include:
- Leases, amendments and abstracts for each property.
- Service and maintenance contracts for each site.
- Utility bills and real estate tax bills.
- Fixed asset registers and depreciation records.
- Capital project plans and third-party reports.
- Prior valuations or appraisals.
- Financial records tied to a dispute, where relevant.
- Contact details for site, finance and legal staff.
Work like this depends on complete records, so start collecting early.
What happens after you submit a request
You submit a request through the form that fits your business. A partner firm contacts you directly. You discuss the scope, the deliverables and the terms. You then share your records, and the firm reports back.
You stay involved, because your team knows the sites and the history. Fees are between you and the partner firm. Fee models are set by each partner firm.
Who this suits
This category may suit you if:
- You hold many leased or owned sites and lack a single view of occupancy cost.
- A new accounting rule affects your reporting.
- You need a supported view of asset values.
- You are in a dispute that turns on financial records.
- You are preparing for a sale, refinancing or restructuring.
Finance leads and controllers are the usual contacts. A baseline assessment often leads to other work, such as property tax review or supplier contract checks.
How Fairview matches you
Choose a request path: larger business, smaller business, or not sure or another need. Each leads to its own form. The type of firm that fits depends on your size, and Fairview matches each request by hand rather than by a fixed cut-off. Requests go to the matched partner. On the not sure path, Fairview matches by hand.
An independent partner firm that specializes in accounting and valuation support handles this work. Fairview Audit makes the match. We do not perform the review ourselves.Who does the work
Frequently asked questions
Is this the same as a financial statement audit?
No. A financial statement audit is a separate service, and Fairview does not provide it.
Can one firm do all four kinds of work?
Possibly, but coverage varies. Ask the firm what it offers.
Do I need counsel for litigation support?
Yes, in most disputes. The partner firm supports the financial side, and your counsel handles the legal side.
Will a baseline assessment lead to savings?
It shows where costs sit. Fairview makes no promise about savings.
Related pages
Tell us what you need reviewed. We match you by hand with an independent partner firm. You keep your existing vendors.Find out what you are overpaying.