Main contents:
The first part: Introduce the formulation of working document standards.
Part II: Introduction to the working paper guide.
Part III: Introduction of reference format cases.
Framework system diagram of asset appraisal criteria
Procedural requirements in the basic guide
Chapter III Operation Guide
Article 12 A certified asset appraiser shall perform appropriate appraisal procedures according to the specific business conditions.
Thirteenth bid evaluation procedures include eight items.
Development of standard projects
Personnel; Time; Collect data; Investigation; Drafting; Revise and solicit opinions; Collection of feedback after the release of the draft for comments; Modify again
Analysis of related problems
China's evaluation industry lacks research and standardization of evaluation procedures.
The development of evaluation practice puts forward higher requirements for standardized procedures.
The evaluation standard is conducive to the definition of legal liability (the industry has entered a high legal risk stage)
Evaluation procedure specification is the basic guarantee of evaluation quality.
Basis for formulating basic criteria for asset appraisal
Development of bid evaluation procedure standards at home and abroad
Guiding ideology
precise
Clarify the relationship between manuscript standards and other procedural standards.
Problems to be solved in evaluation criteria
As a standard, to what extent,
Advanced and robust in the process of standard formulation
Consistent with the basic specifications
Function and basis of working paper standard formulation
Article 1 In order to standardize the preparation and management of working papers, safeguard public interests and the legitimate rights and interests of all parties involved in asset appraisal, these Standards are formulated in accordance with the Basic Standards for Asset Appraisal.
Working document standard framework
standard
Guide interpretation
Recommended format of manuscript
Manage working papers and operate working papers
Income law paper, cost law paper, market law paper.
definition
Working papers refer to the work records and related materials formed by certified asset appraisers when performing appraisal business, which reflect the implementation of appraisal procedures and support appraisal conclusions.
Introduction to program guide
general rule
basic requirement
Clearly assess basic business matters.
Sign a business agreement
Prepare the evaluation plan
field investigation
Collect evaluation data
Evaluation and estimation
Prepare and submit evaluation report.
Filing of working documents
basic requirement
Working papers should truly reflect the evaluation business process and support the evaluation conclusion.
Working papers should be true and complete, focused, recorded clearly and concluded clearly. A certified asset appraiser can reasonably determine the complexity (detail) of the working papers according to the specific circumstances of the appraisal business.
Working papers can be paper documents, electronic documents or other media documents, and certified asset appraisers can reasonably choose the form of working papers according to the specific situation of appraisal business. Important working documents in the form of electronic documents or other media shall be formed as paper documents at the same time.
Basic content requirements
Working papers are usually divided into management working papers and operation working papers.
Management working papers refer to the work records and related materials formed by the certified asset appraisers in planning, arranging, controlling and managing the appraisal business during the appraisal business.
Business working papers refer to the work records and related materials formed by certified asset appraisers during on-site investigation, collection of appraisal data and appraisal procedures.
Manage the content of the paper
Management working papers usually include the following basic contents:
(a) the record of the basic matters of the assessment business;
(2) business agreement;
(3) evaluation plan;
(4) Records on the handling of major issues in the evaluation process;
(5) Audit records of the evaluation report.
Contents of business working documents
The contents of operational working papers vary with the evaluation purpose, evaluation object and evaluation method, and usually include the following contents:
(1) Records of on-site investigation and relevant materials;
1. Application materials for asset appraisal provided by the entrusting party; 2. On-site investigation records;
3. Letter records; 4. Proof of ownership of major or important assets;
5. Financial and audit information related to the assessment.
(two) the assessment data collected;
1. Market research and data analysis materials; 2. Relevant historical and forecast data;
3. Query records; 4. Other expert assessments and professional reports;
5. Explanations, certificates and commitments provided by the entrusting party and relevant parties.
(3) Records of the evaluation and estimation process.
1. Selection of important parameters and record of formation process;
2. Records of the process of value analysis, calculation and judgment;
3. The evaluation conclusion formation process record.
Compilation and management of working documents
In the process of carrying out the appraisal business, the certified asset appraiser shall form a work record that reflects the appraisal procedure and supports the appraisal conclusion, and after the appraisal business is completed, organize and file the working papers.
A certified asset appraiser shall collect the information related to the appraisal business provided by the entrusting party and relevant parties as working papers, which shall be signed or sealed by the provider and promise to be responsible for its authenticity and legality.
The working paper should reflect the review process. When reviewing the working papers, the reviewer shall express the review opinions in writing and sign them.
Compilation and management of working documents
A certified asset appraiser shall, after the appraisal business is over, put the working papers together with the appraisal report (compiling the catalogue) into the appraisal business file, and the appraisal institution shall properly manage it in accordance with the relevant national laws and regulations on file management and the provisions of these Standards.
The retention period of appraisal business files is: the retention period of appraisal business files involving listed companies, stock issuance and property litigation is ten years; For other appraisal purposes, the archives of appraisal business shall be kept for five years, counting from the date when the appraisal report is issued. Where there are other provisions in national laws and regulations, those provisions shall prevail.
The assessment institution shall not delete or destroy the archived assessment business files within the prescribed retention period. .
Management thesis
catalogue
Situation questionnaire
Risk assessment form
appointment letter
Timetable, data list
Processing record
Audit form
Basic elements of business engagement letter
Names of both parties
Purpose of evaluation
Evaluation object and scope
Appraisal date
types of value
Fees and payment time
Who and how to report
Rights and obligations of both parties
Liability for breach of contract and dispute settlement
Signature time
Prepare the evaluation plan
-Before the on-site investigation
Make a comprehensive evaluation plan
Content: Specific evaluation procedure, time arrangement, personnel arrangement and expense budget.
Communication with the entrusting party-key points and key links
Plan adjustment
Examination and approval of plans, etc.
On-site investigation-(investigation of relevant situation)
1, basic information-financial accounting system, report checking-
2, asset survey-to understand and evaluate the enterprise's asset management system, and extract assets.
cheque
3. Evaluation sampling
4. Inspection of legal ownership information and information sources
5, supplement and adjust the field work
note:
Collect evaluation data
Valuation data
Source: market, customers, asset owners, government, intermediaries, etc.
Judgment: source judgment, usability judgment, rationality, relevance, timeliness and completeness.
Timely supplement
Prepare and submit evaluation report.
Audit of the implementation of evaluation reports and evaluation procedures
The person in charge of the project shall review and inspect the following contents at the assessment site:
(1) Whether it understands the operating conditions of the enterprise and correctly evaluates the risks;
(2) Whether the evaluation procedure is carried out as planned, and if not, whether there are sufficient reasons;
(3) Whether the evaluation process is recorded in the working papers (field investigation records, etc.). );
(4) Whether sufficient evaluation basis (inquiry records and market survey records) has been obtained;
(5) Whether the control relationship of the evaluation table is correct;
(6) Whether the inventory has been spot-checked and whether the current payment has been confirmed;
(7) Review whether the evaluation instructions and forms meet the specified requirements;
(8) Whether the evaluation results have been communicated with the entrusting unit, and what is the conclusion;
(9) Whether the original materials (statements, schedules and commitments) are sufficient and whether the customer seals them.
After the above review, the project leader can draft an evaluation report.
2, department manager audit
The department manager should focus on reviewing the papers reviewed by the project leader. The audit contents are as follows:
(1) Evaluate whether the plan has been approved and implemented as required;
(2) A detailed review of the assessment report, including:
Whether the evaluation methods involved in this professional department are correct;
Whether major events have been disclosed;
Whether the figures in the form and report are correct.
(three) whether the content is complete, whether there are any omissions or defects;
(four) whether to disclose important matters such as the late events or contingent liabilities of the enterprise;
(5) Whether the content and format of the overall report conform to the relevant provisions of the state.
3. Review of legal person (or general manager)
Focus on reviewing the working papers reviewed by the project leader and department manager.
(1) Review whether the evaluation scheme has been approved, whether the major event report is complete and whether it has been approved step by step;
(two) whether the results of handling major issues are appropriate;
(3) Analyze and judge whether the evaluation result is appropriate;
(4) Whether there is a work summary;
(5) With due professional care, consider whether the handling of major issues, evaluation conclusions and evaluation instructions conform to the current national regulations, and finally sign the report.
The review records of the three-level review of asset appraisal working papers are generally conducted through the "Asset Appraisal Review Record Form" (Table 4- 1). Table reference format:
Problems that should be paid attention to in the review:
1. Are the evaluation methods of various assets appropriate?
2. Are there any omissions or repeated evaluations?
3, check the evaluation list and increase or decrease value analysis.
4. Consistency of similar assets appraisal involving multiple people.
5. Pay attention to sensitive issues and risk control.
Cost method (refer to the introduction of format)
floating assets
permanent investment
Housing evaluation form
Structural evaluation form
machinery equipment
land use right
Other assets
be in debt
Income method (reference format)
The analysis and calculation category mainly includes the applicability analysis table of income method and financial indicators.
Analysis table and discount rate calculation table, all of which are based on certified asset appraisers.
The financial report, financial status and collected data of the assessed enterprise are equally divided.
Analyze and fill in the form.
The analysis and investigation category includes the questionnaire of major assets and the adjustment of comprehensive ability of enterprises.
Look-up table and industry status questionnaire, etc. These tables are used for analysis and prediction.
supplementary materials
Analysis and prediction include two levels: summary and detail, and analysis and prediction.
Partial form
Market method (reference format)
Share capital of comparable company
Reference enterprise factor analysis
M&A case law
Archives management of working papers of asset appraisal
First, assessment agencies should have a clear awareness of file construction and file management.
Basic requirements for standardized management of asset appraisal files
Two. Directory of assets appraisal business files:
Classification and arrangement of assets appraisal business files.
Third, the ownership of the working papers of asset appraisal
the key to the question
1, program orientation, definition, basic program and specific program
2. Strengthen the procedural requirements of responsibility definition and risk judgment.
3. Importance judgment
4. Requirements of the value type analysis procedure considered in the evaluation procedure.
5. The responsibility of the asset appraiser to verify the legal ownership information and source of the appraisal object.