The Institute of Dominican Appraisers (ITADO) announced the creation of a commission to prepare the Dominican Valuation Standards.
“This will govern the valuation work in the economic and financial system of our country,” explained Fabio García, president of ITADO.
García announced the intention of constituting ITADO in a College as a way of having greater legal force in the country.
Each nation may have its internal regulations, which are complemented by international standards to guarantee a professional appraisal exercise.
He highlighted the strengthening of inter-institutional relations with various entities through agreements and exchanges.
“We are projecting a 20% growth in our membership by the end of the period,” Garcia highlighted in his report.
During the celebration of the 47th Ordinary General Assembly of ITADO, the National Board of Directors and the Extended Board of Directors presented the achievements made during 2021 and several resolutions were approved.
ITADO, founded in 1975, chairs the Pan American Union of Valuation Associations (UPAV) and has 6 members out of 11 that make up its board.