OREANDA-NEWS. January 08, 2010. The nine national assessment standards endorsed by the State Committee for Standardization, Metrology & Patents have come into effect.

The Society of Appraisers of Azerbaijan (AQC) says that in this connection they are solving the matter of publication of the standards for provision of a possibility of their use.

“Currently we are considering the issue of a form of publication of the standards – whether to release them by a separate book or place them on our website,” the Society informed.

Among the passed standards are ethical code of appraiser, standards of immovable and movable property, loans, business, etc. All they conform to international financial reporting standards (IFRS).

The Society also plans to hold familiarizing seminars on new standards for practicing appraisers.