International Valuation Standards Flashcards
7 cards from real SAEE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 International Valuation Standards flashcards as text
Which IVS asset standard addresses the valuation of businesses and business interests?
Answer: IVS 200
IVS 200 covers the valuation of businesses and business interests.
When valuing intangible assets under IVS, which approach is frequently applied using relief-from-royalty?
Answer: Income approach
The relief-from-royalty method is an income approach technique common for intangibles like trademarks.
What is a 'special purchaser' under IVS?
Answer: A buyer for whom the asset has special value above the market
A special purchaser perceives synergistic or special value exceeding the general market.
Under IVS, the date on which the value estimate applies is called the:
Answer: Valuation date
The valuation date is the specific date to which the opinion of value applies.
Which factor would a valuer most likely treat as a 'special assumption'?
Answer: Assuming planning permission is granted that does not yet exist
A special assumption assumes facts that differ from those existing at the valuation date.
Under IVS, professional skepticism requires the valuer to:
Answer: Critically assess evidence rather than accept it uncritically
Valuers must objectively and critically evaluate the information underpinning a valuation.
Which of the following is an example of value being affected by 'marriage value' (synergistic value)?
Answer: Combining two adjacent plots worth more together than separately
Synergistic value arises when combining assets creates value greater than the sum of the parts.