![Mark Bobber Mark Bobber](https://media-cdn.kroll.com/jssmedia/kroll-images/headshots/mark-bobber.jpg?h=160&iar=0&w=140&mw=384)
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.
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.
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
Kroll is an industry leader in fixed asset inventory, tagging, and reconciliation services.
Kroll high-quality IT asset inventory data allows clients to improve asset tracking, and effectively manage the total cost of technology ownership.
Kroll provides property management consulting services to help clients across the globe achieve capital asset management goals, comply with internal and external regulatory requirements and satisfy auditor scrutiny.
Kroll provides comprehensive building componentization services that can increase indirect cost recovery.
We provide baseline inventory and tagging services that establish a quality foundation for tracking assets - not just for financial purposes, but also the operational objectives associated with Information Technology Asset Management (ITAM) and Enterprise Asset Management (EAM).
Our e-PRAIS® property record outsourcing services assist clients in maintaining and perpetuating complete and accurate fixed asset accounting records for accounting and insurance purposes.
by Mark Bobber, Bradley Schulz, Rebecca Fuller, Luis Maluf, Andrea Sella, Isaac Bittan
by Mark Bobber, Bradley Schulz, Rebecca Fuller, Luis Maluf, Andrea Sella, Isaac Bittan, Matthew Donahue, Ryan Spelman
by Bradley Schulz