Valuation Commissioning Entity refers to the organisation, company, or person commissioning a valuation engagement. In engaging a business valuator to undertake a business valuation analytical work, the Valuation Commissioning Entity is required to clearly state the purpose of the valuation. The purpose of the valuation guides the business valuator on the best methods to be applied as well as the limiting conditions to ensure that the valuation conclusion is not used for purposes beyond that spelt out at the beginning by the Valuation Commissioning Entity.