Feedback needed on global valuation standards

BVWireIssue #176-4
May 24, 2017

Your input is wanted to help set the agenda for the future development of the International Valuation Standards (IVS). The International Valuation Standards Council (IVSC), the global standard setter for valuation practice and the valuation profession, has opened an Agenda Consultation Paper on future revisions. This is part of the IVSC’s new efforts to continually evolve IVS instead of issuing completely revised standards every few years.

Due August 15: At a conference last week, BVWire saw Mark Zyla (Acuitas), chairman of the IVSC’s new Standards Review Board, who alerted us to the paper. The board “distilled the main findings of our own gap analysis and collated the many valuable suggestions for revisions to IVS from stakeholders in previous consultations,” he says. “We are looking forward to receiving views and recommendations on our IVS Agenda from practitioners, valuation professional organizations, academics, corporations and regulators, and working collaboratively with them to improve IVS.” The comment period ends Aug. 15, 2017, and all comments will be posted on the IVSC’s website.

IVS 2017 adoption becomes mandatory this July, according to the IVSC website. The standards are now available in print or PDF format, and they are a good resource for both U.S. and non-U.S. appraisers.

Please let us know if you have any comments about this article or enhancements you would like to see.