Inspections and material considerations – VPS 2 (and VPGA 8, IVS 400 and IVS 410)
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The standard is that:
‘Inspections and investigations must always be carried out to the extent necessary to produce a valuation that is professionally adequate for its purpose. The valuer must take reasonable steps to verify the information relied on in the preparation of the valuation and, if not already agreed, clarify with the...