IVS and USPAP business valuation standards updates coming soon

BVWire–UKIssue #46-1
January 17, 2023

For ASA members in the UK, comments on the final exposure draft are due 13 February. Very few changes in this update influence business valuation practice—the major change is the addition of a nondiscrimination ethics section that targets fair housing and other real property issues. The new update also includes minor wording changes about the documentation required in a valuation report.

Meanwhile, this April, the International Valuation Standards Council (IVSC) will publish an exposure draft outlining proposed updates to the International Valuation Standards (IVS) as well as the asset-specific standards (covering tangible assets, business and intangibles, and financial instruments). There will be a public comment period of 12 weeks, during which the IVSC will organize a series of webinars and roundtables to present details of the exposure draft. An updated version of IVS will be published in January 2024. More details will be forthcoming in early this year. For more information on the project, click here.

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