Theoretical and methodological bases of harmonization of valuation standards in the Eurasian Economic Union

Introduction. The main driver of economic growth in the process of integration of countries within the Eurasian Union is the activation of investments. One of the incentives in this area is the valuation of assets and business. To ensure freedom of movement of valuation services within the framework of an integration association, uniformity of cost measurement is required. The article considers the problem of standardization of valuation activities in the context of the development of integration processes. To increase investor confidence, both from outside and in the member countries of the Eurasian Economic Union, it is necessary to develop common approaches to the standardization of valuation activities. We propose a solution of the urgent task of developing theoretical and methodological foundations for standardizing valuation activities in the context of Eurasian integration, as well as developing practical recommendations for harmonizing the system of standards in the Russian Federation and the EAEU countries. Materials and methods. The article uses the laws and regulations of the Russian Federation, the Eurasian Economic Commission, regulating the foundations of valuation activities, as well as foreign standards of valuation activities, information and analytical materials of Russian and international scientific publications, and regulatory acts of European Union countries in the field of valuation activities. Results. Based on the proposed principles and key criteria for harmonizing valuation standards in the Russian Federation and the EAEU countries, an algorithm has been developed for the gradual harmonization of valuation standards in the Eurasian Economic Union, including guidelines for the formation of a single market for valuation services in the EAEU. Conclusions. The proposed theoretical and methodological foundations for harmonizing valuation activity standards can be applied by the regulator of valuation activity in the Russian Federation and EAEC countries, which will create a universal updated system of valuation activity standards, a unified valuation services market and lay the foundation for their harmonization with existing standards in the European Union countries.

harmonization of standards, business valuation, Eurasian Economic Commission, algorithm