Valuation Level 3

Question 1

In VPS 3 Valuation report what should be in the content headings? 16

Answer 1

1. Identification and status of the valuer
2. Identification of the client and any other intended users
3. Identification of the asset(s) or liability(ies) valued
4. Investigation extent of
5. IVS confirmation that the valuation has been undertaken in accordance with this
6. Information supplied - nature and source(s) of the information relied upon
7. Purpose of the valuation
8. Basis(es) of value adopted
9. Valuation date
10. Assumptions and special assumptions
11. Restrictions on use, distribution and publication of the report
12. Valuation approach and reasoning
13. Amount of the valuation or valuations
14. Date of the valuation report
15. Material uncertainty statement in relation to the valuation where it is essential to ensure clarity on the part of the valuation user
16. Limitations - statement setting out any limitations on liability that have been agreed.