Fair value is defined as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants..."
FASB ASC 820

ASC 820 Fair Value Support Software

Fair Value Compliance, Expertly Guided

A single-user workflow application for assembling the Level 3 inputs, assumptions, and estimates that drive valuation in non-publicly traded entities — the most difficult to audit and most time-consuming to analyze, document, and substantiate.

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Rule 2a-5 (SEC's fair value rule) emphasizes the need for a strong, risk-based process that includes oversight, testing, and documentation.
SEC Commissioner Mark T. Uyeda — SIFMA Private Markets Valuation Roundtable, September 4, 2025

Scope of Application

Workflow support software for fair value reporting under US GAAP and SEC Regulation S-X.

Document Evolving Fair Value Assumptions

Company-specific, Level 3 inputs require contemporaneous analysis of evolving market conditions.

Simplify Quarter-End Audit Review of Fair Value Estimates

Reduce the back and forth with audit teams through improved and ongoing tracking of company performance and forecasts.

Document with Confidence

Let the app do the heavy lifting of formatting, archiving, and tracking changes over time. You focus on gathering key information to support assumptions.

Regulatory Guidance

820-10-35-54A
A reporting entity shall develop unobservable inputs (Level 3) using the best information available in the circumstances, which might include the reporting entity's own data. A reporting entity shall take into account all information about market participant assumptions that is reasonably available.
820-10-55-22
A Level 3 input would be a financial forecast (for example, of cash flows or earnings) developed using the reporting entity's own data if there is no reasonably available information that indicates that market participants would use different assumptions.
820-10-50-2
A reporting entity shall disclose the following information: for fair value measurements categorized within Level 2 and Level 3 of the fair value hierarchy, a description of the inputs used.

Pathways

Four regulatory paradigms requiring fair value — one software solution customized to each pathway.

Stock-Based Compensation

Support fair value reporting for stock options, RSUs, and warrants in VC-backed private companies. Complement your cap table management software with quarterly KPI tracking, calibration to recent funding rounds, and organized audit evidence for Level 3 assumptions.

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Goodwill Impairment Monitoring

Efficient quarterly tracking of each reporting unit's performance with ongoing calibration to the original transactions that created goodwill. Shepherd data gathering for audit review and SEC disclosure narratives — reducing year-end scrambles for qualitative data.

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Portfolio Mark-to-Market (ASC 946)

Monitor up to 30 portfolio investments — debt or equity — with support for NAV calculations, BOD discussion documentation, and quarterly tracking of key inputs to forecasts. Supplement Fund-of-Funds data with your own internal analysis.

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ESOP Annual Appraisals

Support trustees and designated valuation advisors in year-end share appraisals — streamlining data gathering and key compliance needs for ERISA and IRC requirements, including Form 5500 reporting.

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Designed for accounting and finance professionals navigating SEC, FASB, PCAOB, IRS, and DOL compliance requirements