The proposal for evaluation criteria for business valuation reports: income-based methods of valuation[Návrh kritérií pro hodnocení znaleckých posudků na ocenění podniku: výnosové ocenění]

The article proposes a set of evaluation criteria for business valuation reports, focused mostly on income oriented approaches to valuation. The potential of its application can be anticipated primarily in a cross-sectional analysis of the quality of submitted and published business valuation reports in the Czech Republic. Alternatively, these criteria can be utilized when performing valuation revisions, or by public institutions for various supervision purposes. The proposed set of criteria is dealing not just with an assessment of the technical aspects of the valuation, but it also monitors the fulfillment of general principles expert witnesses' reports ought to follow. All this is presented in a form tailored for the specific discipline of business valuation. Since the article is a basis for a pilot research assessing the overall quality of business reports, the emphasis is put on the monitoring function in order to learn as much as possible about methods and practices used by expert witnesses in the domestic conditions. The proposal is designed rather practically, while it guides the evaluator through the entire standardized process of business valuation and allows him to track the levels of fulfillment in every single part of the report.