Responsibilities of the Appraisal Organization

17:30, 11/07/2024

Circular 59/2018/TT-BTC has been promulgated by the Ministry of Finance to amend and supplement certain articles of Circular 219/2015/TT-BTC regarding the State investment in enterprises and the management and use of capital and assets in enterprises.

The organization for appraising the transfer of state capital, capital of state-owned enterprises has the following responsibilities:

- The selected appraisal organization must comply with the provisions of the law on pricing, appraisal, and related laws during the execution of its professional duties and the fulfillment of the contract signed with the client.- The appraisal organization and the appraiser conducting the appraisal are legally responsible for the appraisal results.- The determination of value must ensure full compliance with the current regulations of the Vietnam Appraisal Standards System and related laws.

For further regulations, refer to Circular 59/2018/TT-BTC, effective from September 1, 2018.

- Thanh Lam -

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