The International Valuation Standards Council (IVSC) has issued four exposure drafts that are part of the new version of IVS (IVS 2017). They are: IVS 104 Bases of Value, IVS 105 Valuation Approaches, IVS 210 Intangible Assets, and Introduction and Framework to IVS 2017. There is a 90-day comment period for these exposure drafts. The remaining chapters of IVS 2017 are expected to be released as exposure drafts this May or early June, with the final IVS 2017 expected late this year.
The IVSC also has issued a set of IPS exposure drafts that are now open for public comment. The International Professional Standards (IPS) are designed for valuation professional organizations (VPOs) and are standards that govern the competency of valuation professionals, through codes and benchmarks for their conduct, capability, and competency. They are particularly useful to new and developing VPOs. After a three-month comment period, finals will be published this fall.