The Institute of Chartered Accountants of India (ICAI) released a set of valuation standards known as Indian Valuation Standards (confusingly with the same acronym as the International Valuation Standards, “IVS”). Rajesh C Khairajani, a valuation partner at Indé Global, wrote an article that provides an overview of the new standards. Indé Global is a member firm of KNAV International Limited, a U.S. firm.