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10. Finance & accounting standards
  
  Article 102- Valuation and auditors  
102.1 Valuation and auditors  
  For the purpose of good management and the securing of suitable financial investment and instruments, the Nation requires from time to time thorough and independent valuation of the total Nation assets.  
102.2 Independence of auditors and valuer's  
  Independence of Valuations are required by various institutions for various purposes, among which are community and public authority taxation relief or refund programmes.  
  Valuer's must at all times, in the course of their duties as a valuer or otherwise, abide by the highest ethical standards and any applicable professional standards.  
  Valuer's must not at any time, whether in the course of their duties as a valuer or otherwise, engage in any corrupt or otherwise improper conduct.  
  Valuer's must declare any circumstances involving actual or perceived conflict of interest.  
  Without limiting clauses listed above, valuer's are required to declare any direct involvement in the previous purchase or sale of material they are valuing. In these circumstances there will be particular emphasis on substantiating valuations.  
  Valuer's who are either members of the governing body or staff of a receiving institution (including permanent, contract or voluntary staff) must not value gifts to the institutions with which they are associated.  
  Valuer's must carry out valuation work with diligence and competence and act at all times with honesty, integrity and impartiality.  
  Valuer's are required to be objective in providing valuations and to undertake them independently and without collusion or appearance of collusion.  
  Valuer's must not accept instructions to undertake valuations that are contingent upon a predetermined result.  
  Valuer's must comply with any general valuation conditions made bythis Charter and any specific conditions for valuing certain material made by their investigations.  
   
   
   
     
     
     
     
 
 

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