Elements and Performance Criteria
- Obtain, interpret and confirm instructions.
- Confirm client requirements and instructions for business appraisal according to legislative requirements.
- Discuss agency requirements and processes for business appraisal with client.
- Confirm status and ownership of business to be appraised.
- Obtain agreement to proceed with business appraisal according to legislative requirements.
- Conduct research to support business appraisal.
- Select and apply business appraisal methodology suitable to the business type and available information.
- Access and analyse required documents, reports and financial data for business being appraised.
- Access and analyse current market data and trends effecting sale of business being appraised.
- Verify accuracy and reliability of collated data and seek additional information according to appraisal methodology.
- Complete business appraisal and present to client.
- Analyse research findings to ascertain final appraisal and record outcome according to agency requirements and client instructions.
- Prepare business appraisal report in an acceptable format, highlighting findings and rationale.
- Present report to client.
- Securely retain records and documentation according to agency requirements.