The revised basic guidelines are divided into four chapters and 28 articles. Mainly includes:
The first chapter is the general principles, including six contents: the object and purpose of the specification, relevant definitions, the application of the specification, compliance requirements, professional ability requirements, and the control and supervision responsibilities of the organization.
Chapter II Professional Ethics includes five requirements: professional ethics, professional image, independent practice, prohibition of unjust enrichment and confidentiality.
Chapter III: Practice requirements, involving fourteen items, such as appraisal procedures, business commitments, appraisal assumptions, value types, appraisal methods, verification and verification, attention to the ownership of appraisal objects, requirements for issuing asset appraisal reports, signature requirements, report disclosure requirements and appraisal files.
Chapter IV Supplementary Provisions, including the issuance of specific standards, exception clauses and the implementation time of these standards.
Understand the comparison table of the changes before and after the revision of the standard
Assets Appraisal Criteria-Comparison Table before and after revision of Basic Criteria (Draft for Comment)
Note: (Bold is for adding or modifying; Gray shading is deleted or replaced)
Original standard
Expose the draft
Chapter I General Provisions
Chapter I General Provisions
Article 1 These Standards are formulated for the purpose of standardizing the practice of certified asset appraisers, ensuring the quality of practice, clarifying the responsibilities of practice, and safeguarding the public interests and the legitimate rights and interests of all parties involved in asset appraisal.
Article 1 In order to standardize asset appraisal, ensure the quality of practice, clarify the responsibility of practice, and protect the legitimate rights and interests of the parties involved in asset appraisal, these Standards are formulated in accordance with the Asset Appraisal Law of People's Republic of China (PRC).
Article 3 The asset appraisal criteria mentioned in these Standards include basic asset appraisal criteria, specific asset appraisal criteria, asset appraisal guidelines and guiding opinions.
Article 2 The asset appraisal criteria mentioned in these Standards refer to the basic asset appraisal criteria formulated by the Ministry of Finance and the asset appraisal practice criteria and professional ethics criteria formulated by China Asset Appraisal Association according to the basic asset appraisal criteria.
The asset appraisal practice standards and professional ethics standards include specific standards, norms and guidelines.
The term "asset appraisal" as mentioned in these Standards refers to the professional service behavior of asset appraisal institutions, asset appraisers and other asset appraisal professionals to evaluate and estimate the economic rights and interests of individual assets, asset portfolios, enterprise values, asset losses or other specific purposes on the benchmark date, and issue asset appraisal reports.
The legal assets appraisal business mentioned in these Standards (hereinafter referred to as legal assets appraisal business) refers to the business that needs to be evaluated according to laws and administrative regulations, involving state-owned assets or public interests.
The term "asset appraisal institution" as mentioned in these Standards refers to the appraisal institution filed in the financial department. An asset appraiser refers to an asset appraisal professional who has passed the qualification examination for asset appraisers. Other assets appraisal professionals refer to assets appraisal practitioners who have appraisal professional knowledge and practical experience.
The term "appraisal report" as mentioned in these Standards refers to the written opinions issued by asset appraisal institutions, asset appraisers and other asset appraisal professionals on the value of a specific appraisal object for a specific purpose by following the requirements of laws, administrative regulations and asset appraisal standards and performing necessary appraisal procedures.
Article 2 The term "asset appraisal" as mentioned in these Standards refers to the behavior and process that a certified asset appraiser analyzes and estimates the value of the appraised object on the appraisal base date for a specific purpose and expresses professional opinions in accordance with relevant laws and regulations and asset appraisal standards.
The term "certified asset appraiser" as mentioned in these Standards refers to a professional asset appraiser who has passed the national unified examination or certification, obtained professional qualifications and registered according to law.
Article 4 A certified asset appraiser shall abide by these Standards when conducting asset appraisal business.
Article 3 The professional standards and professional ethics of asset appraisal shall be formulated and the asset appraisal business shall be carried out in accordance with these standards.
Article 5 A certified asset appraiser may refer to these Standards when performing other business related to value appraisal.
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Article 6 A certified asset appraiser shall abide by the relevant laws, regulations and asset appraisal standards when performing asset appraisal business, and have good professional ethics.
Article 4 Asset appraisal institutions, asset appraisers and other asset appraisal professionals shall abide by laws, administrative regulations and asset appraisal standards, and follow the principles of independence, objectivity and impartiality.
Article 7 A certified asset appraiser shall diligently perform asset appraisal business and follow the principles of independence, objectivity and impartiality.
Article 8 A certified asset appraiser shall receive special education and training, have corresponding professional knowledge and experience, and be competent in the appraisal business.
Article 5 Asset appraisers and other asset appraisal professionals shall have corresponding appraisal professional knowledge and practical experience, and be competent for the appraisal business they are engaged in.
Asset appraisers should complete the required continuing education and maintain and improve their professional ability.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Nineteenth certified asset appraisers should receive follow-up education to maintain and improve their professional competence.
Article 9 A certified asset appraiser may hire experts to assist the asset appraisal business, but he shall take necessary measures to ensure the rationality of the expert's work.
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Article 10 A certified asset appraiser shall give guidance to business assistants and be responsible for the work results of business assistants.
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Article 6 An asset appraisal institution shall establish and improve a quality control system, supervise the professional practices of asset appraisers and other asset appraisal professionals according to law, and be responsible for their professional practices.
Chapter II Professional Ethics
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Article 5 A certified asset appraiser shall be honest, diligent and conscientious, and follow the principles of independence, objectivity and impartiality.
Article 7 Asset appraisal institutions, asset appraisers and other asset appraisal professionals shall be honest and trustworthy, diligent and conscientious, practice cautiously, and have good professional ethics.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Article 7 A certified asset appraiser shall maintain his professional image and shall not engage in activities that are inconsistent with his identity or may damage his professional image.
Article 8 Asset appraisers and other asset appraisal professionals shall maintain their professional image and shall not engage in activities that are inconsistent with their identity or may damage their professional image.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Article 8 A certified asset appraiser shall independently analyze, estimate and form professional opinions when performing asset appraisal business, and shall not be influenced by the entrusting party or interested parties, and shall not take the preset value as the appraisal conclusion.
Article 9 Asset appraisers and other asset appraisal professionals shall independently analyze, judge and form professional opinions when carrying out asset appraisal business, and shall not be interfered by clients and relevant parties.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Thirteenth certified asset appraisers shall not use the convenience of practice to seek illegitimate interests for themselves or others.
Article 10 Asset appraisal institutions, asset appraisers and other asset appraisal professionals shall not take advantage of their practice convenience to seek illegitimate interests for themselves or others, and shall not ask clients or related parties for illegitimate interests other than agreed service fees.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Twenty-fifth certified asset appraisers shall not claim illegitimate interests other than the agreed service fees from the clients or related parties.
(Code of Professional Ethics for Assets Appraisal-Basic Code)
Article 11 A certified asset appraiser shall abide by the principle of confidentiality, and shall not provide business secrets and business information obtained in the course of practice without the written permission of the entrusting party, unless otherwise stipulated by laws and regulations.
Eleventh asset appraisal institutions, asset appraisers and other asset appraisal professionals shall abide by the principle of confidentiality and keep confidential the state secrets, business secrets and personal privacy they know in the course of practice.
Chapter III Requirements for Practice
Article 12 A certified asset appraiser shall, when conducting asset appraisal business, perform appropriate appraisal procedures according to specific business conditions.
Article 12 Asset appraisers and other asset appraisal professionals shall perform the necessary appraisal procedures according to the specific conditions of the appraisal business.
The evaluation procedure usually includes: defining the basic items of the evaluation business, signing the evaluation entrustment contract, preparing the evaluation plan, conducting on-site investigation, collecting and sorting out the evaluation data, preparing the evaluation report, reviewing and submitting the evaluation report, and filing.
Thirteenth bid evaluation procedures usually include:
(a) a clear assessment of basic business matters;
(2) Signing a business agreement;
(3) Preparing an evaluation plan;
(4) on-site investigation;
(5) collecting evaluation data;
(6) Evaluation and estimation;
(seven) to prepare and submit the evaluation report;
(8) Filing working papers.
A certified asset appraiser shall not arbitrarily cut the appraisal procedure.
Article 13 When undertaking appraisal business, asset appraisal institutions, asset appraisers and other asset appraisal professionals shall clearly define the basic items of the appraisal business, assess the project risks and personnel capacity, and sign an appraisal entrustment contract with the client.
Article 17 A certified asset appraiser shall make scientific and reasonable use of the appraisal hypothesis when performing asset appraisal business, and disclose the appraisal hypothesis and its influence on the appraisal conclusion in the appraisal report.
Article 14 Asset appraisers and other asset appraisal professionals shall make rational use of appraisal assumptions when performing asset appraisal business, and disclose them in the appraisal report.
Article 14 A certified asset appraiser shall select an appropriate value type according to the appraisal purpose and other relevant conditions, and clearly define the value type of consideration.
Fifteenth asset appraisers and other asset appraisal professionals should choose the appropriate value type according to the appraisal purpose and other relevant conditions, and clearly define the value type.
Fifteenth certified asset appraisers should be familiar with, understand and correctly use the evaluation methods.
The basic methods of asset appraisal include market method, income method and cost method.
Article 16 Asset appraisal methods include market method, income method, cost method and their derivatives.
Asset appraisers and other asset appraisal professionals should analyze the applicability of the three basic methods of asset appraisal according to the appraisal purpose, appraisal object, value type, data collection and other related conditions, select the appraisal methods appropriately, and form the appraisal conclusion reasonably.
Article 16 A certified asset appraiser shall analyze the applicability of the three basic methods of asset appraisal according to the appraisal object, value type, data collection, etc., properly select the appraisal methods, and form a reasonable appraisal conclusion.
Article 17 Where different appraisal methods are applied for appraisal, asset appraisers and other asset appraisal professionals shall adopt two or more appraisal methods for appraisal, and make reasonable appraisal conclusions through comparative analysis.
If it is impossible to use more than two evaluation methods because of the applicability or operational limitations of the evaluation methods, asset appraisers and other asset appraisal professionals can use one of them to evaluate. If the applicability is limited, the reasons why other basic evaluation methods are not applicable should be disclosed in the report; If there are operational restrictions, it should be analyzed and explained, which is generally inevitable in the usual practice mode of asset appraisal industry, and should not be judged by the operational ability and conditions of asset appraisal professionals such as individual asset appraisal institutions or individual asset appraisers.
Article 18 The client and related parties shall be responsible for the authenticity, legality and completeness of the information provided by them according to law, but asset appraisers and other asset appraisal professionals should still maintain sufficient professional caution.
Asset appraisers and other asset appraisal professionals shall verify and verify the relevant documents, certificates and materials used in the appraisal activities according to law.
Asset appraisers and other asset appraisal professionals can choose appropriate forms or substantive verification methods according to the types, sources, acquisition methods and the degree of influence on the appraisal conclusion, and reflect them in the working papers.
For unverifiable matters, asset appraisers and other asset appraisal professionals shall disclose them appropriately in the appraisal report according to their influence on the appraisal conclusion. If the above matters have a significant impact on the appraisal conclusion, it shall refuse to issue an appraisal report.
Article 24 A certified asset appraiser shall pay attention to the legal ownership of the appraised object when carrying out the asset appraisal business, and make necessary explanations on the legal ownership of the appraised object and the source of the certification materials in the appraisal report. A certified asset appraiser shall not guarantee the legal ownership of the appraisal object.
Article 19 Asset appraisers and other asset appraisal professionals should pay attention to the legal ownership of the appraisal object when carrying out asset appraisal business, and make necessary explanations on the legal ownership of the appraisal object and the source of the certification materials in the appraisal report, but shall not guarantee the legal ownership of the appraisal object.
Article 20 Written professional opinions issued by asset appraisal institutions, asset appraisers and other asset appraisal professionals in the name of "asset appraisal report" shall meet the requirements of asset appraisal standards and relevant laws and regulations.
Other appraisal reports and other professional reports compiled by asset appraisal institutions, asset appraisers and other asset appraisal professionals that are not based on asset appraisal criteria shall not be issued in the name of "asset appraisal report", and asset appraisers and other asset appraisal professionals shall also clearly disclose the above matters in relevant reports to avoid misleading report users.
Article 19 A certified asset appraiser shall, after performing the necessary appraisal procedures, issue an appraisal report, which shall be issued by the appraisal institution to which he belongs.
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Article 20 A certified asset appraiser shall provide necessary information in the appraisal report so that users of the appraisal report can reasonably understand the appraisal conclusion.
Twenty-first asset appraisers and other asset appraisal professionals shall provide necessary information in the appraisal report, so that the users of the appraisal report can reasonably understand the appraisal conclusion.
Article 21 A certified asset appraiser shall provide an appraisal report that can meet the reasonable needs of the entrusting party and other users of the appraisal report according to the specific circumstances of the appraisal business.
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Article 22 A certified asset appraiser shall be responsible for the rationality of the appraisal conclusion when performing asset appraisal business.
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Article 22 The appraisal report shall be signed by at least two asset appraisers and other asset appraisal professionals who undertake business, and stamped with the seal of the asset appraisal institution.
For the statutory appraisal business, the appraisal report shall be signed by at least two asset appraisers who undertake the business, and stamped with the seal of the asset appraisal institution.
Article 23 Asset appraisal institutions, asset appraisers and other asset appraisal professionals should make it clear in the appraisal report that if the entrusting party or user of the appraisal report fails to use the appraisal report in accordance with the provisions of laws and administrative regulations and the scope of use determined in the appraisal report, the asset appraisal institutions, asset appraisers and other asset appraisal professionals will not be liable; Except the client, other users of the appraisal report agreed in the appraisal entrustment contract and users of the appraisal report stipulated by laws and administrative regulations, no institution or individual may become users of the appraisal report because of obtaining the appraisal report.
Article 23 The responsibility of a certified asset appraiser is to abide by relevant laws, regulations and asset appraisal standards, analyze and estimate the value of the appraised object for a specific purpose on the appraisal base date, and express professional opinions; It is the responsibility of the entrusting party and interested parties to provide necessary information and ensure the authenticity, legality and completeness of the information provided, and to use the evaluation report correctly.
The appraisal conclusion should not be regarded as a guarantee for the realizable price of the appraisal object.
Article 24 Asset appraisal institutions, asset appraisers and other asset appraisal professionals shall remind users of the appraisal report to correctly understand the appraisal results, which are not equal to the realizable price of the appraisal object and should not be used as a guarantee for the realizable price of the appraisal object.
Article 18 A certified asset appraiser shall form a working paper that can support the appraisal conclusion when performing asset appraisal business.
Twenty-fifth asset appraisers and other asset appraisal professionals should prepare working papers that can support the appraisal conclusion when performing asset appraisal business, and form appraisal files with other relevant materials. The assessment files shall be properly managed in accordance with the relevant provisions, and the retention period shall not be less than fifteen years, and the statutory assessment business shall not be less than thirty years.
Chapter IV Supplementary Provisions
Twenty-fifth evaluation institutions shall abide by the relevant provisions of these standards in the process of asset evaluation.
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Article 26 China Asset Appraisal Association may issue specific asset appraisal standards, guidelines and guidelines in accordance with these Standards.
Article 26 China Assets Appraisal Association issues the professional standards and professional ethics of assets appraisal according to these standards.
Article 11 When a certified asset appraiser adopts procedures and methods different from those stipulated in the asset appraisal standards, he shall not violate the basic requirements of these standards, and shall be convinced of the rationality of the procedures and methods adopted, and clearly explain them in the appraisal report.
Article 27 When asset appraisers and other asset appraisal professionals adopt procedures and methods different from those stipulated in the asset appraisal standards, they shall not violate the basic requirements of these standards, explain the rationality of the procedures and methods adopted, and disclose them in the appraisal report in an appropriate way.
Article 27 These Standards shall come into force as of May 6, 2004.
Article 28 These Standards shall be implemented as of XXXX.