The happenings around the globe in the recent periods have brought about an accentuated appreciation of the implications of changing times. Immediately after the spread of COVID-19 was identified and reported in the months of March and April 2020, the global markets saw a steep drop. The economic and social lockdowns that followed further led to a massive global economic slowdown. But due to the various measures taken by the governments globally, the situation is improving slowly but steadily. These changing times make it appropriate for us to ponder over, at this juncture, more so than ever, on the impact of environment on valuation.

At times, in the valuation engagement, there is also a need to determine the ownership of various assets to check whether it is to be included in the valuation. This happens when the transactions are layered, hidden and financials are not even constructed completely. This issue becomes more important in case of assets which are spread across wide geographies, covered by different regulations and requirements, or intangible assets such as brand name etc.

The Government of India realised the need for an institutional framework for the valuation profession and to design a regulatory framework that is grounded on realities and meets the expectations of the stakeholders, and for the purpose extensive consultations were made.

I am happy to note that the Valuation Standards Board of ICAI has come out with this revised publication and has updated it as per the latest developments to facilitate the valuers in understanding different aspects of valuation. I extend my sincere appreciation to the entire Board and specially appreciate the efforts put in by CA. Pramod Jain, Chairman and CA. Dheeraj Kumar Khandelwal, Vice- Chairman, Valuation Standards Board for initiating and updating this publication.

I am sure that this publication would be of great help to the members and other stakeholders.

CA. Atul Kumar Gupta
President ICAI

Date: 29th January 2021
Place: New Delhi

Download ICAI Technical Guide On Valuation (Revised Edition 2021)

More Under Corporate Law

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

February 2021