The International Valuation Standards Committee (IVSC) has just published the 8th edition of the International Valuation Standards (IVS 2007). In development for two-and-a-half years, this latest edition has undergone extensive revision and updating, with several new components. Rewritten sections include: International Valuation Standard 2, Bases Other Than Market Value and Valuation for Secured Lending Purposes. The 2007 edition contains a new International Valuation Application, Valuation of Public Sector Assets for Financial Reporting; a new Guidance Note, Valuation of Historic Property; and other new features such as a chart diagramming the hierarchy of property rights and a useful addendum to GN 8 (Profitability Test When Reporting DRC). “Much attention has been given to standardizing terminology and identifying relationships to international accounting standards,” according to the publishers.
To purchase a copy of IVS 2007 ($75.00) click here. The price includes postage and handling, and covers the cost of standard-setting activities by the IVSC, a non-profit organization.
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