Fixed Asset Management

Kroll has established best practices in fixed asset management that are recognized across our profession.

Explore Fixed Asset Management

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Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2022.

Public and private sector clients have different fixed asset inventory and reporting challenges. However, both rely on accurate information to account for, control and manage their real and personal property assets. Our specialists draw upon deep experience and leading-edge technology to help clients account for and manage their fixed assets.

Kroll routinely performs detailed diagnostic studies, a low-cost way of finding out if a client’s fixed asset accounting records are adequate. If a problem exists, we recommend the appropriate path, which can range from a limited study to confirm the continued existence of a small sample of their fixed assets to an exacting wall-to-wall physical inventory and reconciliation of the assets to their fixed asset accounting ledger.

A crucial aspect about fixed asset accounting records is that over time inaccuracies accumulate, thereby undermining the reliability of this critical management tool. Clients invest a significant amount of time, effort and money in the creation of their fixed asset accounting records, and we can help them perpetuate that investment through the provision of fixed asset outsourcing services.

We also maintain an IT consulting staff dedicated specifically to fixed asset management services, such as data and software conversions, as well as to provide clients with access to their data via the internet.

Fixed Asset Management Services for Corporate Decision-Makers

While fixed asset management services will assist corporate decision-makers in meeting external audit and regulatory standards, they can also be extremely beneficial in meeting their firm’s capital budgeting, financial and risk management reporting requirements. Additionally, the identification of unrecorded retirements ghost assets and their elimination from the books may result in a substantial reduction in their property taxes.

Our Expertise

Pinpointing strengths and vulnerabilities
We perform property tax studies to ensure that assets reported for property tax purposes are accurate. By properly identifying transfers, misclassifications and ghost assets, our professionals can help lower property taxes.
Ensuring compliance
We compare our client’s current fixed asset management system with both best practices and compliance with applicable standards.
Evaluating or managing electronic fixed asset accounting system
We provide verification, compilation and annual updating services that are designed to help our clients maintain a complete and accurate record of their fixed assets for accounting and insurance purposes.

Advising on policy and focusing on employee awareness training
Drawing on our experience from hundreds of engagements, our professionals can assist in the preparation of a policy and procedures manual, as well as provide hands-on training for all levels of personnel.
Identifying opportunities to claim accelerated depreciation
We have handled 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, and regulatory backgrounds to maximize potential benefits.
Establishing accurate insurable values
We provide insurable values to help determine replacement costs and/or actual cash value coverages and post-loss services.

Connect with Us

Rebecca Fuller

Managing Director and Global Fixed Asset Advisory Services Leader

London

+44 (0)79 4923 1846 Rebecca Fuller

Ricardo Silva

Managing Director

Valuation Advisory Services

Lisbon

+351 91 826 4624 Ricardo Silva

Luis Maluf

Managing Director

Fixed Asset Advisory Services

Sao Paulo

+55 11 3192 8101 Luis Maluf

Dan Schulte

Managing Director

Fixed Asset Advisory Services

Los Angeles

+1 213 443 1089 Dan Schulte

Kroll Expert Shares Insights With AM Best on Asset Management

Kroll Managing Director, Matthew Donahue, Fixed Asset Advisory Services, recently discussed the impact of technology, inflation and regulatory changes on asset management with AM Best.

Listen to the Full Interview Here

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