There are currently no valuation professional organizations (VPOs) in Japan focused on business valuation, reports Tatsumi Yamada, a member of the board of trustees of the International Valuation Standards Council (IVSC). There is a VPO for real estate appraisers, the Japan Association of Real Estate Appraisers (JAREA), but no professional body exists for business valuation practitioners. An “IVSC Roundtable” Initiative has the ultimate goal of supporting the creation of such a VPO for this area of professional practice. Nick Brooke, former trustee of the IVSC, will lead the Initiative, and the group’s members consist of the Big Four accounting firms, JAREA, Japanese Institute of Certified Public Accountants (JICPA), Duff & Phelps, Royal Institute of Chartered Surveyors (RICS), and others.
Extra: The annual IVSC-WAVO Global Valuation Conference will be June 13-14 in Frankfurt, Germany. HypZert, one of Europe’s leading VPOs, will host.