In the first in a series of videos, Michael Badham, iiBV’s executive director, interviews Adam Smith, technical director of business valuation standards at the International Valuation Standards Council (IVSC) on his role in the IVS process and what it means for the valuation profession. One of the points Smith makes is that the IVSC will move to a more flexible approach with regard to updating the international valuation standards (IVS). Instead of doing a substantial rewrite every few years, the organization’s new boards (see prior coverage here) will be able to revise the standards in a more targeted and ongoing way. A newly revised version of IVS is expected shortly, at which time the new boards will become operational. The full video is on the iiBV website.