Congratulations to Martin Wilson, an associate in our valuation team, who recently gained the Certificate in Asset Valuations from the Chartered Institute of Public Finance and Accountancy (CIPFA).
Martin, who specialises in valuations, asset valuations and compulsory purchase, took the course to improve his knowledge and understanding of asset valuations, in light of recent changes, to ensure clients are receiving the most accurate and up to date advice in light of recent changes.
He said: “There have been a number of important changes related to asset valuations in recent years, such as the approach to Depreciated Replacement Cost (DRC) valuations for financial reporting, the introduction of IFRS 13, disclosure requirements, and the introduction of the valuation hierarchy score, which assesses the quality of information used in arriving at a valuation for ‘investment’, ‘surplus’ or ‘held for sale’ assets.
“Sometimes there can be misunderstandings between surveyors and accountants as the terminology we use can be similar but have different meanings. The certificate has helped me to better understand these differences and in doing so improve the quality of advice provided.
“Clients will also benefit as they will receive valuations in accordance with the changes, thus satisfying their auditors and hopefully helping the year-end process run more smoothly.”