Mercer Capital’s recent article “5 Things To Watch For In Year-End Portfolio Company Fair Value Measurements” contains a useful checklist “to help fund managers measure the fair value of portfolio company investments”  under ASC 820. Mercer elaborates on these five questions:

• Are you using the right valuation methods?
• Are you using the right guideline group?
• Are you carefully vetting cash flow forecasts?
• Are you reconciling to prior fair value measurements?
• Are you double-checking your math?