PROBLEMS OF INFORMATIONAL SUPPORT OF VALUATION ACTIVITY

Abstract

The accounting estimations are connected with the determination of fair market value of assets, the formation of the doubtful debts allowance, the vacation compensation reserve, the formation of warranty obligations, the defining of net realizable value of stocks, etc. In addition, it should be noted that inflation distorts the financial statements of the enterprise, and the size of the assets value, according to its data, may differ sharply from their market value. This requires a periodic revaluation of property, which allows you to increase the feasibility of financial statements and serves as the basis for making sound management decisions. Professional self-regulatory organizations of valuators in this country are not recognized as the appraisers, as it is done throughout the world. Any of their initiatives regarding the possible distribution of duties and powers among these organizations and the state regulator are blocked by the latter, which defines only the responsibilities, but does not confer any substantive rights. This is due to the fact that the governmental authorities, nevertheless, control the activities of self-regulatory organizations. To remedy the situation, first of all, any certification of the appraisers should be abandoned. That is, the state regulator must finally abolish the existing practice of issuing certificates to the appraisers. Then, it is necessary to increase the range of appraisers – the subjects of legal relations in the field of valuation and balanced distribution of rights, responsibilities and corresponding powers among them. The next step is to abandon the existing practice of the evaluative dualism model.