Valuation Standards

Valuation standards are guidelines that ensure property and asset valuations are conducted consistently, accurately, and ethically. They provide a framework for valuers to determine the worth of assets, such as real estate, businesses, or financial instruments. These standards cover methods, assumptions, and reporting processes, helping stakeholders trust the valuation results. By following established standards, valuers ensure transparency and comparability, which is crucial for transactions, financial reporting, or dispute resolution. Essentially, valuation standards set the accepted best practices to produce fair and reliable asset valuations in a professional manner.