The next consultation process for IVS (‘Additional Technical Revisions’) is now open. Accordingly, the IVSC Standards Review Board encourages input from VPOs, professionals, and their organisations.

This process is similar to the review and comment period that led to the current IVS (effective 31 January 2020) with one exception. IVSC’s Standards Review Board, together with the Business Valuation Board, Financial Instruments Board, and the Tangible Assets Board, decided to publish an exposure draft of targeted revisions to IVS based on feedback received last year, as well as valuation standards harmonisation discussions held with The Appraisal Foundation and the Appraisal Institute of Canada during 2020, and consequential amendments in light of expected revisions to the Financial Instruments standards.

The IVSC is planning to publish revisions as needed based on market feedback. The IVSC is committed to a fully open and collaborative consultation process. All comments received as part of the consultation process will consequently be published on the IVSC website.