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

John R. Mansfield (School of Property and Construction, The Nottingham Trent University, Nottingham, UK)
David P. Lorenz (School of Sustainable Housing and Real Estate, University of Karlsruhe, Karlsruhe, Germany)

Property Management

ISSN: 0263-7472

Publication date: 1 September 2004

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.

Keywords

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

Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

To read the full version of this content please select one of the options below

You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account.
To rent this content from Deepdyve, please click the button.
If you think you should have access to this content, click the button to contact our support team.