"Valuers must follow the ethical principles of integrity, objectivity, impartiality, confidentiality, competence and professionalism to promote and preserve the public trust." Explain the core principles of valuation to

Core Principles of Valuation: - Ethics- Valuers must follow the ethical principles of integrity, objectivity, impartiality, confidentiality, competence and professionalism to promote and preserve the public trust. Competency- At the time the valuation is submitted, valuers must have the technical skills and knowledge required to appropriately complete the valuation assignment. Compliance- Valuers must disclose or report the published valuation standards used for the assignment and comply with those standards. Basis (i.e., Type or Standard) of Value- Valuers must select the basis (or bases) of value appropriate for the assignment and follow all applicable requirements. The basis of value (or bases) must be either defined or cited. Date of Value-Effective Date/Date of Valuation - Valuers must disclose or report the date of value that is the basis of their analyses, opinions or conclusions. Valuers must also state the date they disclose or report their valuation Assumptions and Conditions - Valuers must disclose significant assumptions and conditions specific to the assignment that may affect the assignment result. Intended Use- Valuers must disclose or report a clear and accurate description of the intended use of the valuation. Intended User(s)- Valuers must disclose or report a clear and accurate description of the intended user(s) of the valuation Scope of Work- Valuers must determine, perform, and disclose or report a scope of work that is appropriate for the assignment that will result in a credible valuation Identification of Subject of Valuation- Valuers must clearly identify what is being valued. Data- Valuers must use appropriate information and data inputs in a clear and transparent manner so as to provide a credible valuation. Valuation Methodology - Valuers must properly use the appropriate valuation methodology (ies) to develop a credible valuation. Communication of Valuation- Valuers must clearly communicate the analyses, opinions and conclusions of the valuation to the intended user(s).