Document background
The Valuation Engagement Letter is a crucial document used in the Irish market when professional firms undertake valuation assignments for clients. It serves as the foundational agreement that defines the professional relationship and sets clear expectations for both parties. This document is typically used when businesses, assets, or securities need to be valued for purposes such as mergers and acquisitions, tax compliance, financial reporting, or dispute resolution. The letter must comply with Irish legal requirements, including the Companies Act 2014, data protection regulations, and professional standards such as International Valuation Standards (IVS) and European Valuation Standards (EVS). It includes detailed sections covering scope, methodology, fees, timelines, and deliverables, while also addressing important aspects such as limitations, assumptions, and confidentiality obligations specific to the Irish business environment.
