IVSC publishes new guide for improving audits

The Professional Board of the International Valuation Standards Council (IVSC) has just released the exposure draft of The Role of the Professional Valuer in the Audit Process. In particular, the board is soliciting input on seven specific questions concerning how professional valuers can better understand the role of auditors and the regulatory environment in which they operate, and how they can most effectively assist auditors as well as entities during the audit process.

“The views of professional valuers, reporting entities, and auditors on this exposure draft are especially welcome,” says the board in the introduction to the draft. Comments are due by Sept. 15, 2012.