COMPERATIVE ANALYSIS OF ETHICAL STANDARDS IN INTERNATIONAL VALUATION STANDARDS WITH INTERNATIONAL AUDITING STANDARDS

“International valuation standards” has been introduced in Turkey starting from 1.2.2017 onwards in order to enhance quality in asset valuations and to achieve parallelism with international approaches. Framework section of newly applied international valuation standards defines ethical principles of objectivity, competence and departures from standards in order to achieve valuations to be in accordance with international valuation standards. In this respect, international valuation standards framework has some parallelism with ethical principles of international auditing standards. In this paper, ethical principles in international valuation standards are analyzed by also making relevant comparisons with the ethical principles of international auditing standards