Continuous Improvement in Valuation Practices at Valtech – ECL
Explore Valtech's commitment to continuous improvement in valuation practices and how it enhances ECL and valuation advisory services.
Explore Valtech's commitment to continuous improvement in valuation practices and how it enhances ECL and valuation advisory services.
Valtech has recently completed an expected credit loss (“ECL”) assessment for a Hong Kong listed utilities company. Learn how we completes ECL assessment, ensuring accurate financial reporting.
Valtech Valuation Team recently conducted an assessment of the expected credit loss rates associated with financial guarantee liabilities on an aggregate loan portfolio basis. Our findings underwent rigorous auditor’s review for financial reporting purpose.
The Business Valuation, ECL and LSP Training Seminar, held on 17 November 2023 in Hong Kong, was conducted successfully. It drew approximately 20 participants from a CPA firm specializing in listed companies.
We invested a significant amount of time in identifying suitable market benchmarks to determine loss rates for these counterparties. Given the diverse nature of these counterparties, including differences in industry, nature, and size, our team faced challenges in developing a systematic approach to derive objective results.