Recently, a liquidator filed a lawsuit against the accounting firm and valuation company employed by a listed company, accusing them of “negligence” and “misrepresentation” during their work. This can be considered a rare major case in the valuation industry in recent years. The asset valuation industry has not been prominently featured in the public eye, as many professional asset valuation firms provide opinions based on various valuation purposes for different institutions, such as banks, courts, and accounting firms. As a result, valuation reports are seldom published publicly. Valuers are often derided as puppets hiding behind other professionals, such as licensed financial advisers from the Securities and Futures Commission and auditors, and they have even become tools for manipulating financial statements. Valuation is considered a blend of art and science, with no absolute right or wrong; it exists within a reasonable range. The work of valuers is based on numerous subjective assumptions and future predictions, and valuation models are seen as products of “Rubbish in, Rubbish Out,” allowing for considerable room for manipulation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Recently, a liquidator filed a lawsuit against the accounting firm and valuation company employed by a listed company, accusing them of “negligence” and “misrepresentation” during their work. This can be considered a rare major case in the valuation industry in recent years. The asset valuation industry has not been prominently featured in the public eye,…<\/p>\n","protected":false},"author":1,"featured_media":3946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"\n