Kazakhstan valuation Standard Requirements for the form and

Kazakhstan valuation Standard "Requirements for the form and content of the valuation report" Done by: Seitova Ainur Maxut Gaini

The present Requirements for the form and content to valuation report are developed on the basis of the Law of the Republic of Kazakhstan "About valuating activity in the Republic of Kazakhstan" with the use of the international standards of an assessment and establishes requirements to form and content to valuation report, information used in the valuation report, and also to the description in valuation report, applied methodology and calculations. Requirements for the form and content of the valuation report

The valuation report contains of: Inspection act of object of valuation (date, full name and signature); Information characterizing object of valuation; The short description of applied approaches and methods on the basis of which calculations of cost are made according to valuation standards. Requirements for the form and content of the valuation report

Sheets of valuation report, except title, are numbered page by page, filed by appraisers; The report made by the appraiser, is signed by him and is certified it by the personal press; The report of the legal entity, is approved by the head of the legal entity and certified by the press. Requirements for the form and content of the valuation report

According to the requirement of the customer, the valuation report can be executed and transferred to the customer in electronic form: The appraiser has the sent report in electronic base of reports on a hard disk and the copy on a laser disk; The report is transferred in a format allowing to protect the report from changes in it, except the author; Requirements for the form and content of the valuation report

There should be hemmed files with data on an email address of the sender of the report with a copy on paper in archive; In case the customer needs to deliver the report on the electronic carrier, the electronic report can be provided only if the appraiser has a electronic signature, thus the version of the report has to be stored in archive of the appraiser on paper with the visa that the report is accepted by the customer. Requirements for the form and content of the valuation report

Title; Cover letter (in coordination with the customer); Content of the report; The list of appraisers and performers with the indication of qualification characteristics; General information about the report; General information and description of object of valuation; Settlement part of the report; Final part of the report; Appendices. Obligatory sections and parts

The title contains: 1) the name of the report; 2) the number of the report; 3) the date of the report; 4) the name and location of the facility; 5) the date of the assessment; 6) the number and date of the contract on evaluation; 7) the full name of customer, its location, bank details; 8) the full name of appraiser, its location, bank details; 10) stamped name and signature of the person approving the report. The Title

The cover letter contains: 1) The aim and purpose of the assessment; 2) general information identifying the object of evaluation; 3) approaches and methods used to assess the report; 4) The total value of a project cost of an assessment. The Cover Letter

The task for the assessment Qualifying characteristics of an appraiser Assumptions and limiting conditions used by the appraiser in the assessment; List of documents used for assessment; Basic terms and definitions used in the report General Information about the Report

Date of inspection of the assessment; characteristics and condition of the facility; structure of an object; description of the location of the object of evaluation; Background and description of the evaluation

overview of the general economic situation and the socio-economic situation in the region; a review of current activity and trends in the market of estimated property; Industry review Assessment of the enterprises and large real estate objects

Methodology of assessment; Calculations performed by the market approach; Calculations performed by the income approach; "Reconciliation of evaluation" The settlement part contains

Conclusion contains the final conclusion about the value of the property; The total value is expressed in the currency of the Republic of Kazakhstan (KZT); The total value is reflected in the form of numbers, written transcript of this amount in brackets; Conclusion of the report signed by the appraisers Conclusion

inspection certificate of object of an assessment; photos of object of an assessment (only for real estate, transport, equipment and other tangible property); calculation tables (if any); table with a list of assets of the business and their market value (if necessary) Appendix to the Report