Valuation experts can look to the latest edition of the International Valuation Standards (under Section 103: “Reporting”) for guidance on valuations during this time of uncertainty, points out Nick Talbot,
chief executive of the International Valuation Standards Council (IVSC) in a statement
. He also urges valuers to check in with valuation professional organizations that are part of the IVSC’s member network for further guidance and support—you can find a list of VPO links here
. The IVSC’s technical boards are also “convening virtually to monitor market developments in order, where required, to issue additional support and direction to valuers in the application of IVS within the current context,” he says, adding: “On behalf of the IVSC, I offer my thoughts and best wishes to all our stakeholders, their staff, members, clients, and families at this challenging time.”
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