Shaping the future: The impacts of evolving international accounting standards on valuation practice in the UK and Germany

Abstract

The continued globalisation of investment has led to revisions in various regulatory systems and to the development of internationally applicable standards and codes of practice. As a significant asset of many businesses, real estate values are a key element of the financial detail included in annual reports. Accordingly, valuation standards have evolved to align with the requirements of accounting and banking sectors. The international demand for standardised regulatory systems and processes has many benefits and it is of critical importance for valuers not only to be fully aware of the changes in the various influencing regulatory systems but to recognise their changed responsibilities, particularly if third parties are likely to rely upon their valuations.

Citation

Mansfield, J.R. and Lorenz, D.P. (2004), "Shaping the future: The impacts of evolving international accounting standards on valuation practice in the UK and Germany", Property Management, Vol. 22 No. 4, pp. 289-303. https://doi.org/10.1108/02637470410558152