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Financial Valuation: Applications and Models, + Website, 3rd Edition by James R. Hitchner

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Chapter 10

Report Writing

For many analysts, the style of a written report is the culmination of many valuation engagements. In certain circumstances, particularly related to litigation, counsel in the case may request an oral report through testimony at deposition and/or trial. In certain consultation engagements, the client may request only an oral report or brief written summary. The type and format of the report to be provided may be dictated by the nature of the valuation engagement and/or the needs of the client.

The written report must answer six questions:

1. What was the analyst asked to do?

2. What standard of value was used?

3. What information did the analyst reference or utilize?

4. What procedures did the analyst perform?

5. What assumptions and limiting conditions were applicable?

6. What conclusion of value was reached?

valtip.jpg

A full written report should provide the detail necessary to permit another qualified analyst to use similar information and to understand the work done and the valuation conclusion reached.

Particular report-writing standards are applicable in certain types of engagements. A full written report is presented as the Addendum to this chapter.

USPAP ENGAGEMENTS

The Uniform Standards of Professional Appraisal Practice (USPAP) are applicable to those who adhere to USPAP and/or where the intended user of the appraisal report is a federally insured ...

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