IVSC STANDARDS PDF

The IVSC develops and maintains standards on how to undertake and report valuations, especially those that will be relied upon by investors and other third party stakeholders. The IVSC also supports the need to develop a framework of guidance on best practice for valuations of the various classes of assets and liabilities and for the consistent delivery of the standards by properly trained professionals around the globe. Membership of IVSC is open to organisations of users, providers, professional institutes, educators, and regulators of valuation services. Trustees are appointed for a renewable term of three years. Each Trustee is expected to have a global perspective and an understanding of how the IVSC can best operating in the world economy, business and financial reporting environments.

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The latest edition of the International Valuation Standards IVS marks an important milestone towards harmonising valuation practice worldwide. IVS serve as the key guide for valuation professionals globally and will underpin consistency, transparency and confidence in valuations which are key to investment decisions, financial reporting and finacial market stability.

The Standards were drafted by the IVSC's independent technical boards and published following an extensive consultation process involving Valuation Profession Organisations, regulatory authorities, other standard setting organisations, valuation service providers, individual professionals, valuation end users and academics. The General Standards set requirements for the conduct of all valuation assignments including establishing the terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting.

The Asset Standards include requirements related to specific types of asset valuation, including background information on the characteristics of each asset type that influence value and additional asset-specific requirements regarding common valuation approaches and methods used.

The assets standards cover:. The latest version of the Standards bring greater depth to the IVS, as recommended by member organisation, including the major accountancy firms and Valuation Professional Organisations. The IVS are a non-binding although authoritative source of best market practices. Zhang Guochun, Secretary General, China Appraisal Society : "Convergence of valuation standards is important as economic globalisation drives the need for alignment in our systems and approach.

IVS has become the most influential professional valuation standard worldwide and countries should actively seek convergence, either directly or through existing standards, so that it becomes the benchmark for valuation practice worldwide. Doug McPhee, Global Head of Valuation Services, KPMG : "Alignment of globally divergent standards in a self-regulated profession is always challenging but it is also what central banks, stock exchange and other regulators are currently calling for.

We are increasingly baking IVS into our engagement letters and finding the instructing lawyers very supportive of this. Having a globally aligned set of standards where people around the world can approach valuation issues in a consistent way is necessary to foster quality and international best practice. The valuation of assets, both tangible and intangible, plays an essential role in financial and real estate markets — and therefore the global economy.

IVS will be instrumental in improving valuation practice and will bring greater efficiency and confidence to capital markets. This input has ensured IVS is fit for purpose and that its adoption will boost the transparency of, and confidence in, valuations for the benefit of business and the public.

IVS has been designed with the specific aim of allowing continued, targeted improvements to the standards from the new expanded Standards Board we are putting in place. International Valuation Standards. What do the International Valuation Standards cover? What are valuation leaders saying about IVS? The International Valuation Standards Council does not control how or if any entity chooses to use the standards and does not and cannot ensure or require compliance with the standards.

The International Valuation Standards Council does not audit, monitor, review, or control in any way the manner in which users apply the standards.

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International Valuation Standards

The latest edition of the International Valuation Standards IVS marks an important milestone towards harmonising valuation practice worldwide. IVS serve as the key guide for valuation professionals globally and will underpin consistency, transparency and confidence in valuations which are key to investment decisions, financial reporting and finacial market stability. The Standards were drafted by the IVSC's independent technical boards and published following an extensive consultation process involving Valuation Profession Organisations, regulatory authorities, other standard setting organisations, valuation service providers, individual professionals, valuation end users and academics. The General Standards set requirements for the conduct of all valuation assignments including establishing the terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting. The Asset Standards include requirements related to specific types of asset valuation, including background information on the characteristics of each asset type that influence value and additional asset-specific requirements regarding common valuation approaches and methods used. The assets standards cover:.

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International Valuation Standards Council

The latest edition of the International Valuation Standards IVS marks an important milestone towards harmonising valuation practice worldwide. IVS serve as the key guide for valuation professionals globally and will underpin consistency, transparency and confidence in valuations which are key to investment decisions, financial reporting and finacial market stability. The Standards were drafted by the IVSC's independent technical boards and published following an extensive consultation process involving Valuation Profession Organisations, regulatory authorities, other standard setting organisations, valuation service providers, individual professionals, valuation end users, and academics. The Asset Standards include requirements related to specific types of asset valuation, including background information on the characteristics of each asset type that influence value and additional asset-specific requirements regarding common valuation approaches and methods used. The assets standards cover:.

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