How to undertake a quality review

Perhaps one of the areas that causes the most angst for entities is the need to satisfy audit that they have undertaken a thorough quality review of the valuation.

There are of course many actions that could be undertaken. However, the most critical is a review of the underlying methodology, the actual data and assumptions and of course be able to satisfy audits questions.

We recommend undertaking ‘pre’ and ‘post’ valuation quality reviews. Some suggested steps and processes are detailed in the attached paper.