Valuation & Appraisal Standards.
To ensure our clients receive the highest standard valuation reports, we continually review and adopt the latest standards, guidelines and case law.
The principle valuation/appraisal standards and ethical guidelines most relevant to our assignments are developed through the following professional associations, institutes and organisations. (Not exhaustive).
The International Valuation Standards Council (IVSC)- International Valuation Standards (2013). IVS101 – Scope of work, IVS102 – Implementation, IVS103 – Reporting, IVS220 – Plant and Equipment,IVS230 – Real Property Interests, IVS300 – Valuations for financial reporting, IVS310 – Valuations of Real Property Interests for Secured Lending.
International Accounting Standards Board (IASB)
International Financial Reporting Standards Foundation (IFRS)
International Association of Assessing Officers (IAAO)
International Organization for Standardization (ISO) ISO 55000 Standards for Asset Management
Australian Accounting Standards Board (AASB) - AASB 3, AASB 5, AASB 13, AASB 102, AASB 112, AASB 116, AASB 117, AASB 136, AASB 137, AASB 138, AASB 140.
Australian Securities & Investments Commission (ASIC) - RG 111 & RG112 (Guidelines).
The Australian Property Institute (API) - Professional Code of Conduct and Professional Practice Standards (2013).
Auctioneers & Valuers Association of Australia (AVAA) Reporting & Ethics Standards.
The Property Institute of Zealand Institute - (PINZ) - Property and Valuation Standards (2013).
The American Society of Appraisers (ASA) - Principles of Appraisal Practice and Code of Ethics.
The Appraisal Foundation (AF) - Appraisal Practices Board (APB), Appraiser Qualifications Board (AQB), and the Appraisal Standards Board (ASB). - Uniform Standards of Professional Appraisal Practice (USPAP).