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Chinese Valuation Standards 2013

Chinese Valuation Standards 2013 (includes FREE one year access of ONLINE version)

Author: China Appraisal Society
Publisher: Wolters Kluwer (HK) (formerly CCH)
ISBN: 9789881221551
Published In: March 2014
Format: Paperback + eBook , 160 pages
Jurisdiction: China ? Disclaimer:
Countri(es) stated herein are used as reference only

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*** Special Promotion: Buy PRINT version (i.e. hard copy) will get FREE one year access to e-Book version ***

This is an English version (translated from simplified Chinese) of the Chinese Valuation Standards.

Valuation standards are the foundation of professional services and the safeguard of ethical practice.

The implementation of the Chinese Valuation Standards:

offers valuation practitioners a set of comprehensive and unified standards;
enables the supervision departments to study and judge the quality of practice based on a set of criteria; and
enables the users of valuation reports to understand and apply valuation conclusions based on the valuation standards.

The Chinese Valuation Standards are mainly composed of incorporated international valuation standards which were especially selected to suit the conditions of the PRC and to encourage innovative development. For over ten years, whilst maintaining its connection with the international community, the PRC has been innovatively formulating principles which accommodate the practical needs within the PRC. The formulation of the Chinese Valuation Standards has enhanced the Nation’s international position and the PRC valuation industry’s professional reputation.

In order to make the Chinese Valuation Standards accessible to all social sectors and fellow foreigners, Chinese Appraisal Society (CAS) published this English version of the Chinese Valuation Standards (2013) to facilitate foreigners’ understanding of the Chinese Valuation Standards and to promote international exchanges and studies of the Valuation Standards.

Features:

The principles cover areas of operational requirements for and practice of valuers, reasonable requirements for clients on the contents and formats of valuation reports, conventional valuation engagements, etc, and all of which are coordinated by a system of standards.
The implementation of the Chinese Valuation Standards offers valuation practitioners a set of comprehensive and unified standards, enables supervision departments to study and judge the quality of a practice based on a set of criteria, and provide users of valuation reports a comprehensive basis for making valuation conclusions.
Regulated practices, effective supervision, and reasonable use of these standards have contributed to the improvement of the overall ability of certified public valuers to serve and the social creditability of the profession, which in turn consolidates the position of the services by the valuation profession in the market economy.
In just over 10 years and with reference to international valuation standards, the PRC has been formulating principles – the Chinese Valuation Standards – which accommodate the contemporary practice needs within the PRC. The formulation of the Chinese Valuation Standards has enhanced the international position and the professional image of the valuation industry in the PRC.

Basic Principles –
- Valuation Standard – General
- Valuation Ethical Standard – General
Specific Procedural Principles –
- Valuation Standard – Valuation Reports
- Valuation Standard – Valuation Procedures
- Valuation Standard – Engagement Letters
- Valuation Standard – Working Papers
- Valuation Standard – Engagement of Specialists
- Valuation Ethical Standard – Independence
Specific Asset Standards –
- Valuation Standard – Machinery and Equipment
- Valuation Standard – Real Property
- Valuation Standard – Intangible Assets
- Valuation Standard – Jewellery
- Valuation Standard – Basis of Value
- Valuation Standard – Forest Resource Assets
Valuation Applications –
- Valuation Application for Financial Reporting Purposes (Trial)
- Valuation Application for Valuation Reports of State-owned Assets of Enterprises
- Valuation Application of Valuation Reports of the State-owned Assets of Financial Enterprises
- Valuation Application for Business Quality Control of Valuation Firms
Valuation Guidance Notes –
- Valuation Guidance Note on the Awareness of the Legal Ownership of the Valuation Object by a Certified Public Valuer
- Valuation Guidance Note on Non-performing Financial Assets Valuation (Trial)
- Valuation Guidance Note on Basis of Value for Valuation
- Valuation Guidance Note on Patent Assets Valuation
- Valuation Guidance Note on Investment Real Estate (Trial)
- Valuation Guidance Note on Trademark Assets Valuation
- Valuation Guidance Note on Real Options Valuation (Trial)
- Valuation Guidance Note on Copyright Assets Valuation