Chairman's statement
Value creation and management lie at the heart of business success. As a result, the measurement of value – valuation – continues to grow in importance.
Valuation is also of increasing complexity given widening exploitation of different sources of value (intangible assets, licences, joint ventures, collaborations etc.) and greater use of sophisticated capital and tax structures.
Much of the information needed for a valuation, such as financial statements, is itself becoming more complicated and harder to interpret.
Regulation also continues to evolve:
- of valuations
- of those responsible for valuations in financial statements, transactions and regulatory filings, such as directors, management and trustees
- of valuers themselves, whether acting as business advisers, statutory auditors, or independent experts appointed in a dispute over value.
Our group was established to help chartered accountants meet their professional obligations in valuation matters, deepen their knowledge and broaden their appreciation of different aspects of valuing incorporated and unincorporated businesses, shares and related instruments, and intangible assets.
Valuations arise in many contexts – financial reporting, transactions and capital investments, corporate reorganisations, tax, regulation and disputes. Given this wide scope of practice, subscription is welcomed from disciplines other than accountancy.
Drawing on the membership of the Society of Share & Business Valuers, this Special Interest Group will help members meet the challenges and respond to the opportunities surrounding valuations.
Your subscription to this group and involvement in this important area are most welcome.
