According to subparagraph 1) of Article 1 of the Law of the Republic of Kazakhstan "On Appraisal Activities in the Republic of Kazakhstan" (hereinafter referred to as the Law), valuation is the determination of the possible market or other value of the subject property in accordance with the legislation of the Republic of Kazakhstan.
In accordance with subparagraph 11) of Article 1 of the Law, an appraiser is an individual who carries out professional activities on the basis of a certificate of qualification "appraiser" issued by the chamber of appraisers and is a member of one of the chambers of appraisers.
Assessment report - a written document drawn up in accordance with the legislation of the Republic of Kazakhstan on assessment activities based on the results of the assessment (subparagraph 9) of Article 1 of the Law).
Requirements for the form and content of the assessment report approved by order of the Minister of Finance of the Republic of Kazakhstan dated May 3, 2018
No. 501 (hereinafter referred to as Order No. 501).
In accordance with subparagraph 2) of paragraph 1 of Article 14 of the Law, the appraiser has the right, among other things, to demand from the customer when assessing access to the object of assessment, as well as to the full documentation necessary for the assessment.
According to subparagraph 10) of paragraph 1 of Article 15 of the Law, the appraiser is obliged, among other things, to carry out a direct examination of the object of assessment, as well as to study the documentation on it without transferring his right.
According to clause 11 of Order No. 501, the appendices to the report contain:
1) the act of inspection of the subject of assessment (the act of inspection is drawn up for material objects), containing the date of inspection, the address of the subject of assessment, a description of the main characteristics of the subject of assessment, other information that allows to fully identify the subject of assessment and its actual condition, signed by the appraiser, the customer of the assessment and third parties (if any and participating in the inspection). In case of refusal to sign, the appraiser shall record the fact in the inspection report;
2) photos of the subject of assessment (only for real estate, transport, equipment and other material objects);
3) photos of the computer desktop (screenshot) containing information about the prices of analogue objects and links to ads received from the Internet;
4) calculation tables (if any) and/or if not provided in the report;
5) tables with the list of assets of the enterprise and their market value (if necessary);
6) documents confirming the initial data.
At the same time, according to Clause 12 of Order No. 501, the appraiser shall indicate information in the report if:
the customer has denied access to the assessment object, as well as to the full documentation required for the assessment;
The customer refused to provide any additional information needed to complete the assessment.
third parties refused to provide written or oral information necessary for the assessment, except for information constituting state secrets, commercial and other secrets protected by law, which significantly affects the reliability of the assessment results.
Subparagraph 1) of paragraph 1 of Article 15 of the Law establishes that the appraiser is obliged, including in the implementation of appraisal activities, to comply with the requirements of the Law, other regulatory legal acts of the Republic of Kazakhstan and standards of appraisal activities.