We are frequently asked the question: what are the types of Valuation Reports? Here is a summary of each and what these Valuation Reports entail.
Comprehensive Valuation Report
- Contains a conclusion as to the value of shares, assets or an interest in a business.
- Based on a comprehensive review and analysis of the business, its industry and all other relevant factors, adequately corroborated and;
- Generally set out in a detailed report.
- This report provides the highest level of assurance with respect to the value conclusion.
- It would be the equivalent to the Audit.
Estimate Valuation Report
- Contains a conclusion as to the value of shares, assets or an interest in a business.
- Based on limited review, analysis and corroboration of relevant information;
- Generally set out in a Valuation Report that is less detailed than the Comprehensive Valuation Report.
- This report provides a lower level of assurance with respect to the value conclusion.
- Equivalent to the Review Engagement.
Calculation Valuation Report
- Contains a conclusion as to the value of shares, assets or an interest in a business.
- Based on minimal review and analysis and little or no corroboration of relevant information.
- Generally set out in a brief Valuation Report.
- This type of report provides the least amount of assurance with respect to the value conclusion.
- Equivalent to the Compilation Engagement.
Choosing the right type of valuation report is essential and depends on the reason for the business valuation. Our team of professionals at McCay Duff LLP are ready to work with you throughout this process. Contact your McCay Duff advisor today to get started!