Historically, corporate and individual financial statements
used in connection with stock offerings and financing would include real estate
at what is termed Book Value. Book Value normally states land at cost and
improvements at depreciated value. Seldom does Book Value reflect the true
Market Value or Fair Value of a company’s real estate. Today, more than ever, government regulations
dictate how financial statements must reflect the value of a company’s real
estate. This is especially true under the new International Basil Regulations.
Appraising for Financial Reporting must follow a narrow path considering the
purpose of the appraisal and the regulations for which it is to conform.
We at ELLIOTT® have a network of appraisers capable of
providing Financial Reporting Appraisals in any state throughout the United
States. Further, we are available in some cases to provide appraisals