The newly formed boards of the International Valuation Standards Council (IVSC) will have their first meetings this month. The new Standards Review Board will amend and approve international valuation standards and is chaired by Mark Zyla (Acuitas). This board will have two focused subject matter expertise boards reporting to it: a Tangible Assets Standards Board (covering real estate, plant and machinery, and personal property) to be chaired by Ben Elder (RICS) and a Business Valuation Standards Board to be chaired by Andreas Ohl (PwC). The new boards were waiting in the wings until IVS 2017 was finalized, which happened this past January.
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