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Property Assertions

KGS provides a structured, disciplined approach to support existence and completeness assertions for General Property, Plant, and Equipment (GPP&E), including reconciliation and correction of variances between core accounting system and property records.

KGS has pioneered alternative methodologies for valuation of legacy and heritage assets. Supporting United States Coast Guard and its remediation efforts, our experts helped perfect a methodology embraced by the professional standard-setting community in FASAB SFFAS #35.

KGS also assists clients with gap analysis and remediation, identifying the correcting issues between overarching legislative, regulatory, and policy requirements and local “as is” policies and procedures.