Western Valuers

Valuation For Financial ReportingAn Accurate Valuation Is Necessary For Financial Reporting And Auditing

end year accounts valuation

Asset valuation is one of the most important things that need to be done by companies and organisations. approximately 130 nations and reporting jurisdictions permit or require IFRS International Financial Reporting Standards) for domestic listed companies.

Our Reports Are In Line With International Financial Reporting Standards (IFRS) Adopting The “Fair Value” Basis Of Value

Appointing An Independent Professional Valuer

The benefits of obtaining an independent valuation from qualified professionals include:

  • Declaration of the correct fair values
  • Compliance with accounting standards
  • Satisfying auditors and avoiding qualified opinions

Fair Value

Many IFRS standards require measuring the fair value (IFRS 13) of some items such as plan, property and equipment (PP&E) and, investment properties (IAS 40)

Valuation for financial statements is classified by RICS as regulated purpose valuation and the valuer must refer to international accounting standards and valuation standards and guidance when undertaking valuation for financial reporting purpose.

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The UAE Commercial Companies Law No 2 Of 2015, Requires All Companies To Apply International Accounting Standards And Practices When Preparing Their Accounts.

Our valuations team has significant technical and commercial experience across Real estate sectors to provide valuations for financial reporting purposes under IFRS (including valuations under IFRS 16, and IAS 40) as required. Our property valuations and advice are in full compliance with the regulations and guidance established by IASB and RICS.