Real Estate
Valuation for financial Reporting
A
pproximately 120 nations and reporting jurisdictions permit or require IFRS (International Financial Reporting Standards) for domestic listed companies.
T
he UAE Commercial Companies Law No 2 of 2015, requires all companies to apply international accounting standards and practices when preparing their accounts.
M
any IFRS standards issued by the International Accounting Standards Board (IASB) require measuring the fair value (IFRS 13) of some items such as Plant, property and equipment (PP&E) and, Investment properties (IAS 40). The benefits of obtaining an independent valuation include
»» Declaration of the correct fair values »» Compliance with accounting standards »» Satisfying auditors and avoiding qualified opinions
How we can help
Our
valuations team has significant technical and commercial experience across Real estate sectors to provide valuations for financial reporting purposes under IFRS (including valuations under IFRS 16, and IAS 40) as required.
As
year-end reporting is a mandatory requirement for companies. We provide valuation reports in line with International Financial Reporting Standards (IFRS) adopting the „Fair Value” basis of value www.western-valuers.com and IVS (International Valuation Standards) Info@western-valuers.com +971 4 220 8174