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Rics notes harm of inconsistent valuations

Rics has released guidance after noting the harm inconsistent valuations can cause to businesses.

02 February 2012

Negotiation advisors could agree with a recent statement made by the Royal Institution of Chartered Surveyors (Rics), which has claimed inconsistent valuations could potentially have caused mergers and acquisitions to be unsuccessful.

The organisation argued these can also make it hard for businesses to stay afloat, as well as refinance and expand.

Valuing companies can depend upon a large number of variables, such as the relevant country, while performing this task is difficult during financial instability.

Rics is therefore launching a conference on the subject of deciding the worthiness of a corporation and has unveiled a document to provide international standards.

As well as during mergers, enterprises can benefit from knowing their value for financial reporting, taxes, transactions, litigation and strategic planning.

"We want to bring about global consistency in the understanding and development of business valuation practices by setting a global standard through the International Valuation Standards aligned Red Book," associate director of business valuation Phillip Gainey explained.

Posted by Ken Hayes

Source: Rics press release, January 31st

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