Document background
The Valuation Engagement Letter is a critical document used in Malaysian professional services to formally establish the terms of a valuation assignment. It is typically employed when a client requires professional valuation services for purposes such as business transactions, financial reporting, regulatory compliance, or strategic decision-making. The document, governed by Malaysian law and professional standards, includes essential elements such as scope definition, methodology, deliverables, timeline, and fee structure. It must comply with the Malaysian Valuation Standards, relevant securities regulations, and professional practice requirements. The engagement letter serves as a risk management tool by clearly defining responsibilities, limitations, and expectations while ensuring adherence to local regulatory frameworks and professional guidelines.
