An Overview of Appraisals for Financial Reporting
July 3, 2023
Financial reporting appraisals are an important part of many financial decisions and transactions. A financial reporting appraisal provides an independent, unbiased report on the value of an asset, such as a property. By determining the value of property, these reports help to inform decisions such as loan origination, loan servicing, and portfolio management. In this article, we will cover the purpose, who typically performs them, what properties they can be used to appraise, if they are regulated, qualifications of a financial reporting appraiser, the steps involved in the process, associated costs, and the typical length of a financial reporting appraisal.