LINZ VAH Rating Revaluation Audit Handbook Final Copy 3 November 2004

Page 2 of 34 Contents 1 Introduction ............................................................................................................................................5 2 Attainment Level ....................................................................................................................................6 3 Risk Assessment ...................................................................................................................................6 4 Terms and Definitions (as per Rating Valuation Rules 3.1)...................................................................8 5 Abbreviations .........................................................................................................................................9 6 Management Control ...........................................................................................................................10 7 General Revaluations ..........................................................................................................................18 APPENDIX A – Explanation of Statistical Rules ......................................................................................................26 APPENDIX B – Definition of Sales Classification System .......................................................................................28 APPENDIX C – Expansion of Rule 7.4 .... ...