The Chartered Business Valuators Institute (CBV Institute), Canada’s valuation professional organization (VPO) and standard-setter, has announced that it will adopt International Valuation Standards (IVS). The decision to adopt IVS (which the International Valuation Standards Council developed and issued) comes after a multiyear stakeholder consultation process. Starting immediately, CBVs have the option of using either IVS or CBV Institute’s existing valuation practice standards for valuation engagements (Standards 110, 120, and 130). “The adoption of IVS is a significant milestone for CBV Institute,” said Dr. Christine Sawchuk, president and CEO, CBV Institute, in a statement. “It aligns with our commitment to uphold the highest standards in business valuation practice, both in Canada and internationally.”