The International Valuation Standards Council (IVSC) recently published a completely revised edition of the International Valuation Standards. The result of a three-year improvement project, the goal of the new standards is to promote consistency and transparency throughout the valuation process. According to the IVSC, “the standards cover the valuation of a wide range of assets - financial instruments, real property, intangible assets, and business interests - are included, and for common applications such as valuations for financial reporting and of real property interests for secured lending.”