| Carlo Papa (Chairman of PGS Consulenti) highlights how valuation, as provided for under the new Italian valuation principles (PIV) that will come into force on 1.1.2016, must be founded on the following requirements: – Rationality – the estimate must follow a rigorous and convincing logical model; – Verifiability – the valuation process must be reconstructable and be based on reasonable premises and reliable and authoritative sources; – Coherence – correspondence between information, aims of valuation and results achieved; – Reliability – objectivity of data, discretion on the part of the expert performing valuation being limited as much as possible. |
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How the new Italian valuation principles will improve transparency and uniformity
15/09/2015