Appraisal RICS EVS IVSC

The purposes cover a wide range, with the common aim of knowing the market value of a good and complying with certain regulatory precepts. These include those related to financial statements, related accounts, loans and mortgages. In summary, the most important applications are the following:

• Valuation for financial statements.
• Valuation for loan purposes.
• Valuation of public sector assets for financial reporting.

However, it does not differ in any way from other valuation standards. That is to say, in principle it is not incompatible with the provisions of certain regulations.

As far as the financial statements are concerned, it seeks to ensure that international valuation standards are consistent with the valuation requirements of IFRSs, including IFRSs for the private sector published by the IASB and international accounting standards for the public sector published by the IFA.

In a situation like the current one, it is essential to have a valuation carried out under the highest professional standards and performed with strict rules of professional ethics. If we add to this the fact that many of the operators are involved in cross-border operations, it becomes vitally important to carry out valuation reports under internationally recognized standards, such as those established by the IVSC. Euroval is aware of this from the very beginning and is therefore perfectly prepared and qualified to cover these demands with full guarantees, offering our clients maximum security and professionalism.
It highlights supranational companies, investors, economic agents, financial entities, and in general any entity or person interested in demanding information of this type for a decision.

• The regulations proposed by the IVSC cover standards, applications and guidance notes, the latter providing guidance on specific valuation issues, such as the valuation of intangibles or the valuation of movable property.
  The regulation system, based on some basic principles established by the IVSC, is complemented with those internal rules that Euroval has established and that any professional involved in the company is obliged to comply with.
  In order to carry out a valuation under IVSC standards, it is initially based on strict compliance with the rules set out in the White Paper. Additionally, depending on the nature of the property and the purpose of the report, different and sometimes complementary methodologies are applied, but they are always internationally recognize.

Euroval is always governed by the principles of rigour, independence and objectivity. Rigor is ensured by the strict valuation rules to which we are subject, which establish the methodology and valuation criteria most appropriate to the purpose of the report. Independence is safeguarded by the composition of the company’s shareholders, administrative body and experts, who are not linked to any person, company or entity that may generate a conflict of interest with the assets to be evaluated or expert witnessed. We are solely and exclusively dedicated to valuation, both in Spain and in other countries, acting in accordance with the regulations established in this respect and monitored by the system of supervision to which the company is subject, which guarantees its objectivity. For all the above reasons, we offer you the preparation of this type of report with a methodology in accordance with the nature of the asset and the purpose of the report, and, where appropriate, in accordance with the requirements of the regulations in force. Euroval is a company approved by the Bank of Spain and by the CNMV (Spanish National Securities Market Commission). Our reports appraisal have a total guarantee of objectivity.