Valuation for IFRS

For accounting under international financial reporting standards

Every year, thousands of companies are faced with the necessity of appraising property. An appraiser’s task is to find an individual solution and provide a reasonable and fair valuation of a company's assets for making timely and effective management decision.

International Financial Reporting Standards are focused on disclosure of objective information about the current financial standing of a company and are based on the principle of transparency, in some cases IFRS require that assets be displayed at fair value with the assistance of an independent appraiser.

Our experts are certified by RICS (The Royal Institute of Chartered Surveyors, the UK) and CFA Institute (The Chartered Financial Analyst Institute, the USA); they use international standards in their work and constantly improve their professional competence.

Who accepts our reports?

Our reports are accepted by all second-tier banks of the Republic of Kazakhstan, financial institutions engaged in lending, leasing and other forms of financing.

Our Company has a long-term positive experience of cooperation with the Big Four auditing companies in respect of coordinating reports executed for the IFRS purposes in various spheres of the economy.

Who accepts our reports?

Our reports are accepted by all second-tier banks of the Republic of Kazakhstan, financial institutions engaged in lending, leasing and other forms of financing.

How much does a service cost?

The Company’s pricing policy is based on the strategy of building up long-term partnership relations.

The Company’s branch network allows to reduce transportation costs of a client for inspection of objects, should appraisal objects are located in different cities of the country.

We are open to dialogue in order to discuss all aspects of a transaction, including individual tariffs for a customer.

How long does valuation take?

Our experts have significant experience in appraising; therefore, an assessment of this type of service will be carried out as soon as possible.

What needs to be done for appraising?

 

To conduct valuation you need to:

 

  • Submit documents to our Company office or send it to us by e-mail (link to the e-mail address)
  • Conclude a valuation contract
  • Provide access to an appraisal object for inspection by our Company expert
  • Receive a report on the appraisal object 

 

What documents are needed for valuation for IFRS?

A list of documents will depend on the applicable standard and a relevant appraisal object.

International Financial Reporting Standards for valuation:

IFRS 1 – First-time adoption of International Financial Reporting Standards,

IFRS 3 – Business Combinations,

IAS 16 -  Property, Plant and Equipment

IAS 36 -  Impairment of assets,

IAS 39 -  Financial instruments,

IAS 40 -  Investment property,

IFRS 13 –Fair Value Measurement,

IAS 41 – Agriculture.