Addressing Cyclicality Through International Financial Standards

David Parker ()
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David Parker: Sydney

Chapter Chapter 4 in Property Valuation and Market Cycle, 2022, pp 31-51 from Springer

Abstract: Abstract The role of international financial standards generally and valuation standards specifically is considered in the context of providing consistency, clarity, reliability and transparency in valuation reporting. From the viewpoint of managing global contagion, a content analysis of IVS 2017 is undertaken to identify the elements of instructing, undertaking and reporting valuations for financial statement and secured lending purposes. While such formalisation of process provides the benefits of consistency, clarity, reliability and transparency, it is noted that IVS 2017 does not govern the lending decision by debt providers creating a residual global contagion risk. Further, possible contributors to cyclicality including valuation lag, valuation frequency, valuer rotation and ethical conduct are considered within the framework of the International Valuation Standards which are contended to offer some constraints to cyclicality.

Keywords: Valuation; Cyclicality; Risk; International Valuation Standards (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-09450-7_4

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DOI: 10.1007/978-3-031-09450-7_4

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