Review of the Russian Professional Valuation (Анализ российской профессиональной оценки: ее история, институты и состояние методологических дебатов) (Russian)

Abstract

This succinct (20-page) review of the national Valuation Profession touches upon its history, present public mandate in the context of other types of economic measurements, and also describes the organization of its current administrative institutions (such as SRPOs), application of the national valuation standards and the related legislative framework. The review also contains a summary of the major points of the 2007 Valuation reform and the assessment of its effectiveness where a conclusion is reached that the positive results of this reform have been short-lived, if not illusory, and that, despite this recent reform, monumental transformations are required within the profession as never before (including the change of its basic methodology and the perception of its social functions) to make its survival feasible and publicly justifiable in the new economic environment.