Book 2 - Appraisal Institute of Canada

We will design appropriate courses for our members
to familiarize them with the new standards and
to prepare them to provide valuations for financial
reporting purposes. This is in process.
It also opens up a new door on the machinery
and equipment valuation front. These assets will
also have to be recorded at market value. This
will present new opportunity for those members
who want to take on the challenge. We will,
however, have to design the course, deliver it,
include this area of practice in CUSPAP, and also
insure it.
The Candidate Registry allows us and the users
of our services to verify if Candidates are properly
registered and if they are, in fact, members of AIC.
To those of us who have been around for awhile,
this may not seem like a big deal. It is, however, to
users of our services and it reduces the risk of fraud
by individuals claiming to be our members when
they are not.
The Find an Appraiser feature on our website
is also valued by many members and stakeholder
users. It is easy to confirm a member in good stand-
ing. One could say that both of these services are
fraud prevention services. Most recently, I received
a copy of an appraisal report prepared by someone
who is not a member of the Institute that was
completed on an AIC form report. It included our
certification that the author was a member in good
standing of AIC. As it was prepared for a public
consumer, he or she had no reason to doubt it. This
matter has now been forwarded to our Counsellor.
Speaking of our Counsellor, he has provided
a valuable service separating the nuisance and
“The International
Financial Reporting
Standards that will come
into effect in 2011 present a
whole new challenge
for our members
and the Institute.”
petty complaints from the misleading and
fraudulent ones. This will result in cost savings
to our Professional Practice Program and a much
faster process to conclusion.
What is on the horizon? Well, further
improvements to the Professional Practice
Committee process so that it serves the
membership better and reduces the apprehension
members experience when they receive a
complaint notification letter, more CPD online
courses that will be relevant to all members, the
roll out of the Marketing and Communications
Plan, an overview of our insurance program to
identify ways of further enhancing it, further
member education articles on real estate fraud,
and the development of strategic alliances and
partnering with related organizations.
This is an exciting time to be part of the AIC
team. These accomplishments require the right
financial resources, as well as a great deal of
volunteer and staff time. I encourage one and all
to support your association. Volunteer at any level
you can and help achieve our goals.
Canadian Property Valuation Volume 52 | book 2 | 2008 Évaluation Immobilière au Canada