Reporting & Case Analysis 4th Edition

CASE_2018-4th Version-Front.png
CASE_2018-4th Version-Front.png

Reporting & Case Analysis 4th Edition

295.00

Every Associate Member of IACVS should be familiar with both the IACVS and IVS Professional Standards. These are the rules that provide minimum guidance for the discharge of all professional engagements undertaken on behalf of clients and constituents.

The Professional Standards have sections that pertain to each valuation engagement. These are the:

  •  General and Ethical Standards
    These standards give guidance concerning client acceptance, independence, conflicts of interest and general behavior

  •  Development Standards
    These standards provide guidance for the general components for development of an appropriate calculation or conclusion of value

  •   Report Writing Standards
    These standards provide guidance when writing a valuation reports and explain the

    minimum contents to be included in a complete report.

    These Professional Standards are effective for engagements accepted on or after 01 June 2011.

    Professional standards exist for members of most professional valuation entities which set minimal performance requirements such as documents the valuator should see, minimal analyses, and minimal information provided at the reporting stage to the client. For each of these professional associations’ standards have evolved over time and are influenced by the different types of valuators or appraisers who are credentialed (examples include: real estate valuators, machinery & equipment valuators, business and intangible property valuators).

    Many of these professional associations began with a different core group. For instance, the IBA in the USA began as a group of small business brokers who banded together to improve the way they determined market value for their clients (businesses being placed on the market). The ASA in the USA began as group of machinery and equipment valuators and real estate appraisers who banded together to improve their work product. The Appraisal Institute in the USA began as a group of real estate appraisers. The IVSC began as an international group of real estate appraisers. As a result of these different origins their standards are assembled differently and are often seen by the rest of the marketplace and economy as having vastly different standards and requirements. 

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