The standard series EVS 875 applies to property valuation. These standards are to be used for valuation activitises and using valuations, especially for activities dealing with lending and financial reporting. The users of these standards are real estate specialists, construction specialists, environment specialists, financial reporting specialists (accountants, auditors), credit institutions, higher edukation institutions. These standards create a basis for unified approach to property valuation, satisfying the needs of private and public sector. EVS 875-7 specifies requirements for reviewing of valuations. The standard covers the purposes of reviewing valuations, types and comprehensiveness of reviewing valuations, reviewers competence, using the results of valuation reviewals and relationship to valuation practice.
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