The Valuation Standards Board of ICAI and ICAI Registered Valuers Organisation (ICAI RVO) are bringing out this Third Series of publication on ‘Valuation: Professionals’ Insight’ to give a thoughtful insight of the practices followed by other valuers and professionals.
With globalisation and dismantling of trade barriers, corporates are increasingly making international forays- be it accessing capital or making acquisitions abroad. This has led to increase in the demand for valuation experts as Companies are seeking accurate valuations for their businesses. The Valuation profession got further recognition with the introduction of the concept Registered Valuers in the Companies Act, 2013
In the valuation process, valuation expert values the organisation by using technology, applying specific methods of valuation (which can be termed as Science) and by his own experience in taking various assumptions. The importance of Valuation cannot be undermined as understanding what an asset is worth, and what drives that value, is very essential, when both management and stakeholders need to make informed and effective business and investment decisions.