Illustrative Caveats, Limitations and Disclaimers in a Valuation Report not to be used & Examples specific to difficult situations in the valuation of land and building
3.6 Illustrative Caveats Limitations and Disclaimers in a Valuation Report not to be used i. Business Plan/forecasts received from client: RV giving a disclaimer for the business plan/forecasts received from client without applying test of reasonability and due diligence. ii. Physical Verification: RV giving a disclaimer that he has not physically verified the tangible assets […]