International Valuation Standards 2017

March 2017 PDF, Softcover (110 pages)

International Valuation Standards Council

International Valuation Standards 2017 (IVS) is key guidance for valuation professionals globally. This guidance is published by the International Valuation Standards Council (IVSC),  with the goal of underpinning consistency, transparency and confidence in valuations. This latest version brings depth to IVS, as was requested by the organization’s members, including the major accountancy firms and other stakeholders.

The IVS were created following an extensive consultation with more than 100 official comment letters from a range of stakeholders, including valuation profession organizations, individual professionals and academics. IVS 2017 comprises five general standards and six asset standards. The general standards set requirements for the conduct of all valuation assignments including establishing the terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting. The asset standards include requirements related to specific types of assets, including background information on the characteristics of each asset type that influence value and additional asset-specific requirements regarding common valuation approaches and methods used.

Sir David Tweedie, IVSC Chairman, says: “IVS 2017 represents the latest in IVSC’s continuing commitment to developing high-quality valuation standards. The valuation of assets, both tangible and intangible, plays an essential role in financial and real estate markets – and therefore the global economy. IVS 2017 will be instrumental in improving valuation practice and will bring greater efficiency to capital markets.”

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Table of Contents

Introduction

Glossary

IVS Framework

General Standards

IVS 101 Scope of Work

IVS 102 Investigations and Compliance

IVS 103 Reporting

IVS 104 Bases of Value

IVS 105 Valuation Approaches and Methods

 

Asset Standards

IVS 200 Business and Business Interests

IVS 210 Intangible Assets

IVS 300 Plant and Equipment

IVS 400 Real Property Interests

IVS 410 Development Property

IVS 500 Financial Instruments

 

Index