Call for reform leaves valuers at a crossroads
Series: Property Week ; 66(41) 12 October 2001, 18-19(2)Publication details: 2001Subject(s): Summary: A report by Schroder Saloman Smith Barney's analyst team, "At the crossroads", attacks the accuracy of property valuations and calls for audit-style regulation. Article discusses how the report proposes to tighten regulations surrounding net asset value equity valuations. Key recommendations include: rotating valuers of quoted property companies every three years; making valuers report to shareholders; disclosing valuation fees in accounts; disclosing instructions given to valuers by property companies in accounts; and ensuring property companies ask valuers to disclose asset-by-asset valuations.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64743 (Browse shelf(Opens below)) | 1 | Available | 115445-1001 |
A report by Schroder Saloman Smith Barney's analyst team, "At the crossroads", attacks the accuracy of property valuations and calls for audit-style regulation. Article discusses how the report proposes to tighten regulations surrounding net asset value equity valuations. Key recommendations include: rotating valuers of quoted property companies every three years; making valuers report to shareholders; disclosing valuation fees in accounts; disclosing instructions given to valuers by property companies in accounts; and ensuring property companies ask valuers to disclose asset-by-asset valuations.