Separating the professional business valuers from the “cowboys” needs to be done before business valuation can be deemed a “profession” worldwide, says Sir David Tweedie, chairman of the International Valuation Standards Council (IVSC) in a video interview. He hopes that this can be accomplished over the next five years by becoming as rigorous as the accounting profession in terms of entry requirements, testing, continuing education, and so on. In the video, Tweedie also addresses globalization, regulation of the profession, international valuation standards, and a global designation. Simon Tay Pit Eu of the Malaysian Institute of Accountants interviewed Tweedie.
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