THE IMPORTANCE AND PRESENCE OF PROFESSIONAL VALUERS IN FINANCIAL REPORTING
Abstract:
In this paper, we have emphasized the importance that the property valuation by professional valuers may have in the modern business, primarily in the financial reporting process. The introduction of International Financial Reporting Standards in the Republic of Serbia and the frequent use of fair value method for the valuation have opened the opportunity for increased use of professional valuation services. The development of the professional valuers’ profession is time consuming, but for the economy of a country is a very important process. Currently, in the Republic of Serbia, valuation of real property is conducted by court experts. However, very small number of them registered their specialty in the field of property valuations at the Ministry of Justice of the Republic of Serbia. Also, very few of them have reported the evidence of professional development. In order to gain insight into the frequency and functionality of professional valuers’ use for financial reporting purposes, we have conducted a modest survey in the largest cities of the Republic of Serbia and presented the results in this paper.
CITATION:
IEEE format
D. Ilić, V. Mizdraković, “THE IMPORTANCE AND PRESENCE OF PROFESSIONAL VALUERS IN FINANCIAL REPORTING,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 88-90. doi: 10.15308/finiz-2014-88-90
APA format
Ilić, D., Mizdraković, V. (2014). THE IMPORTANCE AND PRESENCE OF PROFESSIONAL VALUERS IN FINANCIAL REPORTING. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-88-90
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