SVS No. 06 Valuation for Financial Reporting

Status

Issued by Valuation Standards Committee in Taiwan on 24 February ,2011

Summary

This Statement establishes the principles that apply to valuations performed for the purpose of financial reporting and related line items of business entities. It also provides application guidance about purchase price allocation and impairment testing. Valuation for financial reporting means valuers undertaking valuation engagements which the subjects are assets, liabilities or equities presented in financial statements in accordance with generally accepted accounting principles.

Valuers undertaking work of this nature should have an understanding of the accounting concepts and principles underlying the relevant financial accounting standards.

Effective date

This Statement is effective from 1 May, 2011.