There are three different levels of Valuation Reports that can
be issued by members of the Canadian Institute of Chartered
Business Valuators. Valuation Reports are any written communication
where the Chartered Business Valuator (CBV), acting independently,
concludes as to the value of shares, assets or an interest
in a business.
A CBV can also work in advisory capacity where independence is
not required. In this case, a written report concluding on value
provided in an advisory capacity is called an Advisory Report,
which is separate and distinct from a Valuation Report.
An Expert Report is a written communication, other than a
Valuation Report, where the CBV is independent and is concluding on
the amount of financial gain or loss, or any conclusion of a
financial nature in the context of litigation or dispute.
