Financial Reporting Property Valuation

JK Valuation is experienced in undertaking property valuations for financial reporting purposes in accordance with Australian Accounting Standards Board (AASB) Standards and International Financial Reporting Standards (IFRS).

The Corporations Act 2001 stipulates a requirement for true and fair financial statements to be prepared and audited. The Australian Securities & Investment Committee (ASIC) monitors compliance of the Corporations Act 2001 and encourages the following with regards to valuations:

• Valuations are carried out by unbiased valuers and valuers are periodically rotated by the responsible entity.

• Valuations are reasonably current and regular.

• Valuations are performed using appropriate methods and assumptions for that asset class.

JK Valuation has expertise in providing independent Fair Value assessments across an array of property classes including office, industrial, medical, residential and specialised assets.