Posts tagged “Standard

Indonesian Valuation Standard (SPI) Edition VI – 2015

Posted on January 1, 2016

Effective from 1 January 2016, the Indonesian Valuation Standard (Standar Penilai Indonesia/”SPI”) has been updated from Indonesian Valuation Standard (SPI) 2013 to Indonesian Valuation Standard (SPI) Edition VI – 2015.  SPI is mandatory for all valuers who are practicing valuation in Indonesia.  The standard is adhered in connection with the Indonesian Valuers Code of Ethics (Kode Etik Penilai Indonesia/KEPI).  SPI is made by KPSPI. The Purpose of SPI The purpose of SPI is as follow: Encourage valuers to carefully define and understand the needs and requirements of the client, and to provide certainty to the assessor that the assessor is equipped with an adequate assessment standards to meet those needs. Promote the use of valuation basis and consistent assumption in the assessment and selection of…

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Indonesian Valuation Standards 2013

Posted on May 17, 2013

The Indonesian Society of Appraisers (ISA) has just issued a new valuation standard in 25 April 2013.  The board claim that the standard adhere to the International Valuation Standard 2011 that is issued by International Valuation Standards Council in July 2011, and using references from other standards around the world, that is adjusted to the needs and condition of the valuation practice in Indonesia.  This is the fifth edition of the Indonesian Valuation Standards (previous 2007), and will be called KEPI and SPI  (Standar Penilaian Indonesia) 2013. KEPI and SPI has important role for the valuers, users, government, and other bodies.  KEPI is the moral ground, while SPI is the practice guide of valuation in Indonesia, while from the user it is as a…

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