The valuation of businesses and assets is integral in financial reporting, IPOs and transactions. Over the years, the HKEX, the SFC and the HKICPA published their views and findings on the common issues identified in the valuation profession and the valuations prepared for financial reporting and transaction purposes.
In this article, we briefly summarise the authorities’ concerns and five common valuation pitfalls for which valuation practitioners and users should remain vigilant.
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