Business valuation is a core skill of many valuers. Professional business valuations are vital to a healthy market and stable economy.

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They form the basis of performance analysis, financing decisions, transactional or development advice, dispute resolutions, taxation and various statutory applications.

Specialist business valuers can work in both the public and private sectors, practicing the valuation of both small businesses and large corporations.

Some business valuers practice exclusively in one area, while others deal with a wide variety of business and intangible asset types.

RICS and business valuation

For further information please contact the Valuation Professional Group

Fair Value Quality Initiative

In response to regulatory concerns raised by the US Securities and Exchange Commission (SEC), RICS is working with the American Institute of Certified Public Accountants (AICPA), the American Society of Appraisers (ASA), and others to focus on issues facing the valuation profession and how to address them.

The result of this collaboration is the co-development and implementation of a leading credential, CEIV, designed to enhance consistency and transparency in the fair value measurement process. Key components of the new credentialing program include ongoing quality oversight and compliance with a Mandatory Performance Framework that will help define 'how much' work is necessary to provide supportable and auditable fair value measurements.  

The joint credential forms part of a larger initiative that will build up the expertise of business valuation professionals through this shared qualification as well as through training, accreditation and oversight of individuals delivering fair value measurements. The initiative will improve the financial reporting system of public assets and ultimately protect the public interest.

 


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