In the wake of the finalization of IVS 2017, the newly formed boards of the International Valuation Standards Council (IVSC) had their first meetings. The new Standards Review Board will amend and approve international valuation standards and is chaired by Mark Zyla (Acuitas). This board has two focused subject matter expertise boards reporting to it: a Tangible Assets Standards Board (covering real estate, plant and machinery, and personal property) chaired by Ben Elder (RICS) and a Business Valuation Standards Board chaired by Andreas Ohl (PwC). Although the first meetings were closed, future meetings will be public. The boards are producing a consultation paper that will propose areas where IVS can evolve, and they will solicit comments from interested stakeholders.
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