In a recent post on the IBA Blog, Rand Curtiss (Loveman Curtiss) reminds valuation practitioners that simply cutting and pasting economic forecasts, industry analyses, and comparative financial data into report templates without additional consideration can be risky.
Curtiss recommends that appraisers:
- Respect copyrights and obtain required permissions
- Make sure the content is relevant: international capital flows do not affect the value of the local hardware store
- Draw implications for the subject interest’s value: growth, profitability, financing availability and cost, business and financial risks
- Read, edit, and are able to defend it against cross-examination