The International Valuation Standards Council (IVSC), the independent standard-setter for the global valuation profession, has issued proposed new standards for the valuation of inventory. Comments on the draft, IVS 230—Inventory Exposure Draft
, are due April 30 and can be sent to firstname.lastname@example.org
. “The valuation of inventory project resulted from feedback received during the agenda consultation process conducted by the IVSC in 2017 and 2018,” writes Mark Zyla
(Zyla Valuation Advisors) in a cover letter to the exposure draft. The project has been led by the Business Valuation Board, with support from the Standards Review Board, which is chaired by Zyla. Depending on the comments and feedback, a final standard could be issued in mid-2020 with an effective date no earlier than January 2021.
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