Page 31 - CFF

Authoritative professional standards ― VS

section 100 (continued)

Overall engagement considerations (continued)

• Nature and risks of the valuation service, and client expectations

– Must consider at least the following:

– Proposed terms of the valuation engagement

– The identity of the client
– The nature of interest and ownership rights, including control characteristics and degree of

marketability
– The procedural requirements and related limitations

– The use of and limitations of the report and conclusions or calculated value

– Any obligation to update the valuation

17 © 2019 Association of International Certified Professional Accountants. All rights reserved.
17