About this webinar

The pandemic has raised a number of challenges for local authority asset valuers, including material valuation uncertainty, lower levels of transactions to provide comparable evidence, and limitations on property inspection. 

Most importantly of all, to some, is what the expectations will be of the Council’s auditors in these areas.

In this free to attend webinar brought to you by ACES, we will be exploring all of these issues. 

You will leave the event with a deeper understanding of the concept of material valuation uncertainty and the associated RICS requirements, a guide to the challenges of property inspection, an insight into current UK property markets and an inside perspective on what auditors might be looking for this year.

We have put together an excellent panel of speakers to guide you through these issues.

Chris Brain, Partner at Chris Brain Associates

Ellie Cook, Partner at Montagu Evans

Mark Gerold, Real Estate - Valuation, Modelling & Economics,  Ernst & Young

(see panel biographies below)

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If you experience any difficulty in registering for this event, please email [email protected].

Chris Brain

Partner, Chris Brain Associates

Chris is well known to ACES members as a leading expert in UK local authority asset valuation, having delivered the CIPFA asset valuation training for over a decade.

He is co-author of the CIPFA Asset Valuation Handbook (editions 1&2) and has contributed relevant passages of the RICS Red Book.

He has served on the RICS Public Sector Valuation Working Group for over 10 years, and was also on the authoring panel for the RICS DRC guidance.

Chris has served the public sector for over 40 years, including nearly 25 years employed in local government, plus in the capacity as trainer and consultant at CIPFA and, since 2019, at Chris Brain Associates.

Since the summer of 2020 Chris has been in the role of Valuation Liaison Officer to ACES Council, and he is a former member of the RICS UK & Ireland World Region Board.

Ellie Cook

Partner, Valuation Consultancy, Montagu Evans

Ellie is a Partner specialising in valuation and consultancy. Her practice deals with complex problem solving that has valuation at its core. Ellie is primarily focussed on public sector and third sector valuations working closely with both Estate and Finance departments throughout the valuation process.

Since joining Montagu Evans in 2016, Ellie has valued over £15 billion of assets across a range of use classes and for a multitude of purposes. Her projects tend to be focused on specialist valuations for financial reporting and option appraisals, ensuring estates are rationalised and optimised whilst positively impacting the society that they serve.

Ellie has expertise in specialist areas including DRC valuations, IFRS compliancy and public sector valuation requirements, in addition to RICS Valuation Standards, specialist valuation advice, feasibility and viability studies

Mark Gerold

Valuation, Modelling & Economics,  Ernst & Young

Mark is a Fellow of the Royal Institution of Chartered Surveyors (FRICS). He is a Registered Valuer and a past chairman of the Valuation Professional Group at the RICS, responsible for the leadership and development of over 30,000 RICS members across the globe and a former member of their Governing Council.

Between 2014 and 2020, he was also a Trustee of the International Valuation Standards Council (IVSC), the independent body which sets globally accepted valuation standards.

Mark has over 45 years’ experience in Real Estate Valuation and joined EY in January 2011 establishing their real estate valuation team. Prior to that he had been a senior director of BNP Paribas Real Estate and a former partner of Weatherall Green and Smith where he had been head of valuation.

Part of the responsibilities of Mark’s team at EY is to provide specialist support to the Audit teams where EY is responsible for over 200 local authority and public sector audits. He also provides specialist valuation support to the NAO.

Mark also represented EY on the Material Valuation Uncertainty Leaders Forum which examined market conditions and provided recommendations during the pandemic regarding the adoption, use and lifting of the MVU clause.

IMPORTANT NOTICES

1. We are grateful to Chris Brain at Chris Brain Associates for agreeing to host this webinar.  In order process your registration for the webinar and provide you with a link to the event, you will need to join the registration list of Chris Brain Associates.  You may receive an email asking you to confirm this registration before your webinar registration can be confirmed.  You can unsubscribe from your Chris Brain Associates registration list at any time after the event has finished, by clicking on the unsubscribe link in the footer of any of the webinar reminder emails.

2. The webinar will be broadcast through Kajabi, via Zoom.  Please ensure that you have Zoom Client loaded onto your chosen viewing device for the webinar.  We recommend that you join the webinar 15 minutes prior to the start time to allow for this and to avoid you missing the start.  This will also give you time to make sure that your audio and video is all working as it should.

About ACES

If you are not already a member of ACES, have you thought about the benefits of joining?

ACES is the only professional body exclusively dedicated to public property. It is a members' networking association where the main reason for getting together is to help each other do their jobs through mutual support.

Members are senior professionals from a local authority or similar public sector body, or people who are wholly or substantially working for or on behalf of the public sector.

If you would like to find out how to join, please click on the button below (opens in separate window).