Is it possible to assess the truth of expert opinions focused on business valuation?

Lze hodnotit pravdivost znaleckých posudků zaměřených na oceňování podniku?

Miloš Mařík and Pavla Maříková

Oceňování, 2020, vol. 13, issue 1-2, 15-32

Abstract: The article responds to the inclusion of the criterion of truthfulness as a requirement for expert opinions in the new legal regulations governing expert activity. The aim of the article is therefore to discuss the extent to which the truth of expert opinions aimed at valuing the company can be assessed. The first part of the text discusses the possibilities of assessing the truth in the individual steps of valuing the company. The article shows that the veracity of this type of expert opinion can be assessed only to a very limited extent, because the valuation is largely based on estimates and forecasts. It is almost impossible to assess the veracity of the forecast from the point of view of the valuation date. In the second part of the article, other quality criteria are explained and analyzed, which are much more suitable for expert opinions on the business valuation than the criterion of truthfulness.

Keywords: Value; business valuation; expert opinion; truthfulness; quality; Hodnota; ocenění podniku; znalecký posudek; pravdivost; kvalita (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.18267/j.ocenovani.244

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