Global BV News: TEGoVA OKs draft of first European BV standards

BVWireIssue #207-2
December 11, 2019

global business valuation
business valuation profession, global business valuation education, international business valuation

For years, the European Group of Valuers’ Associations (TEGoVA) was hesitant to add guidance on business valuation to its European Valuation Standards because its members are real estate valuers. But now the group has approved a draft of the first edition of the European Business Valuation Standards (EBVS). These standards are tailored to the needs of real estate valuers who also undertake business valuations as well as real estate valuers seeking to diversify into the field of business valuation. TEGoVA will develop training programs for real estate valuers who wish to develop business valuation skills. The standards will be launched in Warsaw at a special international conference on March 24, 2020, hosted by the Polish Federation of Valuers’ Associations. TEGoVA is a European nonprofit association composed of 72 valuers’ associations from 37 countries representing more than 70,000 valuers in Europe.
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