Last week, the International Valuation Standards Council (IVSC) and the International Federation of Accountants (IFAC) renewed their memorandum of understanding (MoU), first signed in 2009.

The agreement to renew “represents an ongoing commitment by both the IVSC and IFAC to strengthen cooperation between the two organizations,” says Roel Campos, interim chairman of the IVSC board of trustees. “It demonstrates the cohesive and united approach of the IVSC, IFAC, and its independent standard-setting boards to maintaining standards as global markets continue to develop.” The IVSC should soon be posting the official announcement at its website.