Valuations That Stand Up To Audit Scrutiny.
Independent, customized, audit-defensible valuation reports for USA financial reporting, tax compliance, equity compensation, fund reporting, and complex securities.
In today’s market, valuations are no longer a formality. Auditors, investors, tax authorities, and regulators expect clear assumptions, documented methodologies, and reports that can withstand detailed review.
BSMART helps companies, funds, and finance teams meet US GAAP and tax requirements with independent valuation support across IRC 409A, ASC 718, ASC 820, ASC 815, and complex capital structures.
Cheap Valuations Can Become Expensive
When Complexity Is Missed.
AI-assisted tools and template-based valuation reports may seem efficient for straightforward cases. But as cap tables, investor rights, financing terms, warrants, convertibles, SAFEs, preferred stock, or embedded features become more complex, the risk of missing key variables increases.
A valuation is not just a calculation. It requires judgment, experience, and a clear understanding of how each assumption affects the final outcome.
BSMART provides customized valuation support built around your specific capital structure, instruments, reporting purpose, and audit requirements, so your valuation is not just fast, but defensible.
Independent Reports. Clear Methodologies. Audit-Ready Documentation.
From stock option valuations to Level 3 investments and complex securities, BSMART delivers valuation reports designed to support compliance, reporting accuracy, and audit confidence.
Our work is supported by documented assumptions, appropriate valuation methods, and practical assistance during annual audits, financial statement reviews, and valuation-related documentation requests.
Is Your Valuation Ready For Review?
A valuation may look acceptable on paper, but if the assumptions are outdated, unsupported, or poorly documented, it can create serious reporting and compliance challenges.
BSMART helps reduce these risks with independent valuation reports backed by sound methodology, clear documentation, and responsive assistance during audit or review.
Unsupported valuations can lead to:
Delayed audits
Financial statement adjustments
Tax exposure
Auditor questions and documentation requests
Investor concerns
Increased regulatory scrutiny
Valuations Are Needed At Key Business Moments
Whether you are issuing equity, raising capital, preparing for an audit, reporting fund holdings, or evaluating complex instruments, an independent valuation helps you make decisions with confidence and meet USA reporting requirements.
Before Issuing Stock Options Or Equity Awards
Determine the fair market value of common stock and support IRC 409A safe harbor requirements before granting stock options or equity-based compensation.
After A Financing Round
Reflect changes in company value, capital structure, investor rights, market assumptions, SAFE conversions, or new preferred stock terms.
During An Annual Audit Or Financial Statement Review
Provide valuation documentation for stock-based compensation, fair value measurements, complex instruments, impairment considerations, and valuation-related disclosures.
For Fund Reporting
Determine the fair value of portfolio investments for PE funds, VC funds, hedge funds, family offices, and investment entities.
When Valuing Level 3 Investments
Estimate fair value where observable market inputs are limited and the valuation depends on documented assumptions, models, and professional judgment.
When Issuing Warrants, Convertibles, SAFEs, Or Preferred Stock
Evaluate instruments with conversion rights, liquidation preferences, embedded derivatives, and other complex terms.
Before An IPO, SPAC Transaction, Acquisition, Or Restructuring
Prepare for heightened scrutiny from auditors, investors, buyers, transaction advisors, and regulators with independent valuation reports.
Valuation Services Built For USA Compliance
ASC 718 & IRC 409A EQUITY COMPENSATION VALUATIONS
IDEAL FOR
Private companies issuing stock options, RSUs, restricted stock, performance awards, or other equity-based compensation.
ASC 820 FAIR VALUE MEASUREMENT
IDEAL FOR
Funds, investment entities, and companies holding private, complex, or hard-to-value assets for quarterly, annual, or audit-related reporting.
ASC 815 DERIVATIVES & COMPLEX SECURITIES VALUATION
IDEAL FOR
Companies and funds with complex capital structures, derivative features, convertible securities, or instruments with special rights and preferences.
Note *IRC 409A and ASC 718 are separate requirements. IRC 409A is a tax requirement related to determining fair market value, while ASC 718 is an accounting standard related to stock-based compensation and award valuation.
IRC 409A Support
409A Valuations Prepared With Safe Harbor Requirements In Mind
- Independent appraisal
- Qualified valuation professional
- Relevant valuation experience
- Reasonable valuation methodology
- Written valuation report
- Current valuation date
- Good-faith analysis and documentation
- Consideration of company-specific facts and circumstances
Built For Companies, Funds, And Finance Teams
That Need Defensible Valuations
BSMART works with businesses and investment entities that need independent valuation support for USA reporting, tax, compliance, and audit requirements.
Startups Issuing Stock Options
Support for common stock valuation and IRC 409A requirements before granting equity awards.
VC-Backed And Pre-IPO Companies
Valuation support for complex capital structures, financing rounds, stock-based compensation, and audit readiness.
PE, VC, Hedge Funds, And Family Offices
Fair value measurement support for portfolio investments, Level 3 assets, and quarterly or annual reporting.
Companies Undergoing Audit Or Review
Valuation documentation and assistance with audit-related questions, PBC requests, and year-end financial statement reviews.
Businesses With Complex Securities
Support for warrants, convertibles, SAFEs, preferred shares, embedded derivatives, and multi-class capital structures.
Indian-Headquartered Companies With USA Links
Valuation support for Indian companies with USA subsidiaries, USA employees, USA investors, USA stock option plans, or USA reporting requirements.
Valuation Support That Goes Beyond The Report
Reports prepared with clear methodology, documented assumptions, and supporting analysis
Valuation work tailored to your capital structure, instruments, financing terms, business model, and reporting purpose.
Experience across IRC 409A, ASC 718, ASC 820, ASC 815, and related valuation requirements.
Support for preferred stock, warrants, convertibles, SAFEs, embedded derivatives, and multi-class capital structures.
Help with valuation-related auditor questions, PBC requests, supporting schedules, and documentation clarifications.
Secure handling of financial statements, cap tables, projections, transaction documents, and sensitive company information.
Valuation Expertise With
A Cross-Border Perspective
Valuation Expertise With A Cross-Border Perspective
USA
Valuation support for USA tax, financial reporting, equity compensation, fund reporting, and complex securities requirements.
India
Support for Indian-headquartered businesses, founders, finance teams, and groups with USA subsidiaries, investors, employees, or reporting obligations.
UK
Cross-border support for businesses and investors with international structures, reporting needs, and transaction-related valuation requirements.
A Clear Process From Data To Defensible Report
Review The Data
Build The Valuation
Deliver The Report
Assist During Review
01
Understand The Requirement
02
Review The Data
03
Build The Valuation
04
Deliver The Report
05
Practical Support For Complex Valuation Scenarios
01
409A valuations, stock options, equity awards, and ASC 718 reporting support.
New funding rounds, SAFE conversions, preferred stock issuances, and updated cap tables.
Fair value measurement for portfolio investments, illiquid assets, and Level 3 holdings.
Warrants, convertibles, embedded derivatives, liquidation preferences, and hybrid instruments.
Valuation support before IPOs, SPAC transactions, acquisitions, restructurings, and investor reviews.