The Institute of Chartered Accountants of India ( ICAI ) has issued a Frequently Asked Questions (FAQs) on Valuation.
The role of the valuation professionals has become dynamic and they are required to sharpen their skills and perform their duties with due diligence and to abide by the Code of Conduct prescribed by ICAI Registered Valuers Organisation.
ICAI Registered Valuers Organisation in this direction is taking steps for guiding and helping the professionals alongwith the Valuation Standards Board of ICAI.
The Valuation Standards Board of ICAI and ICAI Registered Valuers Organisation (ICAI RVO) has came together to bring out the publication on ‘Frequently Asked Questions on Valuation’ to accomplish the common vision of encouraging the Valuation profession.
The FAQ is issued to facilitate the understanding of nuisances of valuation. The publication has been designed in a question and answer format to assist our members and other stakeholders to enable them to have conceptual clarity on the various Valuation aspects. This publication comprehensively covers questions that are being asked while undertaking the Valuation of Securities or Financial assets.
“I am extremely happy for all the joint initiatives taken by the Institute of Chartered Accountants of India with ICAI RVO. I would like to appreciate the dedicated efforts of CA. M. P. Vijay Kumar, Chairman, Valuation Standards Board (VSB) of ICAI and to the members of the Board of ICAI RVO, Shri I. Y. R Krishna Rao, Shri Samir Kumar Barua, Shri Ashok Haldia and Shri Biswamohan Mahapatra for this joint endeavour. I would sincerely thank CA. Naveen N. D. Gupta, CA. Prafulla P. Chhajed, CA. Nilesh S. Vikamsey and CA. Dhinal A. Shah – the Directors of ICAI RVO, in encouraging all the initiatives. I commend the sincere efforts put in by CA. Sarika Singhal, Ms S. Rita and Ms. Seema Jangid for preparing the publication,” Justice Anil R. Dave (Retd.) Chairman, ICAI Registered Valuers Organisation said.
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