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TITLE: Issuance of Best Practice Guide for Business Valuers in Malaysia 2019 and Skills Set to Perform Business Valuation in Malaysia 2019

DATE: 08/07/2019

8 July 2019
Circular No. 68/2019

TO ALL ACCOUNTANTS

ISSUANCE OF BEST PRACTICE GUIDE FOR BUSINESS VALUERS IN MALAYSIA 2019 AND SKILLS SET TO PERFORM BUSINESS VALUATION IN MALAYSIA 2019

Best Practice Guide for Business Valuers in Malaysia 2019

The Best Practice Guide for Business Valuers in Malaysia 2019 (“Guide”) is for the reference of professionals who practise Business Valuation (“BV”) in Malaysia.

The motivation in developing the Guide is based on the requirement to have consistent, uniform and transparent valuation procedures and to further harmonise the diverse practices in Malaysia.

The principal purpose of the Guide is to provide guidance to valuers. Valuation reports are intended to be prepared in accordance with the accepted bases that are appropriate for the purposes of their preparations. The International valuation Standards (IVS), governed by the IVSC have been used as a guideline and they are attached with the Guide as an Appendix.

The Guide is to be used as the principal guidance for BV practices in Malaysia. Certain aspects of the Guide do not mandate any course of action but provide fundamental principles and concepts that must be considered by valuation professionals in undertaking a valuation. This Guide does not cover areas such as the valuations of real estate and plant and machinery.

Skills Set to Perform Business Valuation Activities in Malaysia 2019

The Skills Set to Perform Business Valuation Activities in Malaysia 2019 (“Skills Set”) is to be used as a reference by MIA members and MIA member firms.

This Skills Set is an aspirational benchmark for MIA members in the performance of business valuation in Malaysia and is currently not a mandatory requirement. Business valuation is the provision of valuation opinion or uses valuation methodologies but excludes the provision of real estate valuation. It does not preclude any individual (or firm) currently practising from referring to themselves as a business valuer and neither does it endorse any individual or firm that chooses to do so.

This Skills Set aspires to enhance the understanding of the necessary attributes of MIA members performing business valuations in Malaysia and to assist members and organisations in the development of appropriate education and training curricula. It should be of interest to a wide range of stakeholders including:

  • business valuers and prospective business valuers who undertake their own learning and development;
  • Valuation Professional Organisations ("VPO");
  • regulators with responsibility for the oversight of the work of business valuers;
  • universities, employers, and any other who design, deliver, or assess education programmes for business valuers; and
  • those who commission or rely on business valuations

The documents can be downloaded as at the following links:

  1. Best Practice Guide for Business Valuers in Malaysia 2019 here
  2. Skills Set to Perform Business Valuation Activities in Malaysia 2019 here

Please be guided accordingly.

DR. NURMAZILAH DATO' MAHZAN
Chief Executive Officer

Description: Best Practice Guide for Business Valuers in Malaysia 2019
⇓ Download
Format: PDF
Size: 106 KB

Description: International Valuation Standards 2017
⇓ Download
Format: PDF
Size: 106 KB

Description: Skills Set to Perform Business Valuation Activities in Malaysia 2019
⇓ Download
Format: PDF
Size: 110 KB