At its annual general meeting in Indonesia, the International Valuation Standards Council (IVSC) announced a newly formed Standards Review Board that will amend and approve international valuation standards. The new Standards Review Board will be chaired by Mark Zyla (Acuitas) and will have two focused subject matter expertise boards reporting to it: a Tangible Assets Standards Board (covering real estate, plant and machinery, and personal property) to be chaired by Ben Elder (RICS) and a Business Valuation Standards Board to be chaired by Andreas Ohl (PwC).

The new boards will become operational once IVS 2017 is issued, and it is expected that the first meetings will take place in March 2017. For a full list of the members of the new boards, click here.