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The Valuation Ledger

Technical insights, methodology deep dives, and audit preparation guides from our team of industry-leading valuation experts.

Showing 1–3 of 3 posts

Two precision balance scales side by side on a cream surface, one holding a GAAP ledger and one holding an IRS tax document, representing the distinction between fair value and fair market value

ComplianceMethodology

Fair Value vs Fair Market Value: Why the Distinction Matters

Fair value and fair market value are not interchangeable. One governs GAAP financial reporting under ASC 820; the other sets the standard for IRS tax compliance under IRC Section 409A. Conflating them creates audit exposure and compliance risk.

May 7, 2026 · 7 min read

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Three precision laboratory beakers of increasing height arranged on a cream surface, each filled with differently tinted liquid representing the three levels of the ASC 820 fair value hierarchy

ComplianceASC 820

ASC 820 Level 3 Documentation Checklist for Audit Readiness

Level 3 fair value measurements carry the highest audit scrutiny under ASC 820. This checklist covers every documentation requirement, from unobservable input tables to rollforward schedules, that auditors and reviewers expect to see.

May 4, 2026 · 9 min read

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Stack of three translucent glass tiers on a soft cream surface, representing the three-level fair value hierarchy of ASC 820

Compliance

ASC 820 Valuation: A Complete Guide to Fair Value Measurement

ASC 820 provides a clear framework for fair value measurement under U.S. GAAP. Learn about the fair value hierarchy, valuation approaches, and why compliance matters.

Feb 27, 2026 · 7 min read

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