Global BV News: Next edition of IVS expected January 2024

BVWireIssue #253-2
October 11, 2023

global business valuation
global business valuation education, international business valuation, international valuation standards council (IVSC)

Alexander Aronsohn, technical director at the International Valuation Standards Council (IVSC) told the audience at the 2023 ASA International Conference that there were 116 responses (i.e., comment letters) to the exposure draft for the updates to the International Valuation Standards (IVS). The public comment period ended this past July 28, and an updated version of IVS is expected to be published in January 2024 with an effective date of July 2024. The exposure draft included IVS updates that address various factors, such as ongoing changes in global markets and valuation practices, increasing use of technology and data sources, growing demand for clarity in valuation processes, and the need to address new types of assets and liabilities, including environmental, social, and governance (ESG) factors.
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