The International Valuation Standards The International Valuation Standards (IVS) are international standards that consist of various actions required during the undertaking
of a valuation assignment supported by technical information and guidance.
Objectives and activities The objectives of the IVSC are to strengthen the worldwide valuation profession by: • Developing high-quality international standards and supporting
their adoption and use • Facilitating collaboration and cooperation among its member organisations • Collaborating and cooperating with other international organisations and regulatory authorities • Serving as the international voice for the
valuation profession Boards Board of trustees The IVSC is governed by a board of trustees responsible for the strategic direction and funding of the organisation.
General Standards The five General Standards set forth 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.
These requirements must be followed in conjunction with the General Standards when performing a valuation of a specific asset type.
The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the
valuation of assets other than real property.
Following a restructuring of the organization in 2008, its name was again changed, this time to the International Valuation Standards Council.
IVSC is responsible for developing the International Valuation Standards and associated technical guidance.
The IVSC’s technical boards are responsible for the development and maintenance of the International Valuation Standards.
The board has continuing projects that may result in additional standards being introduced or amendments being made to the standards in this publication at any time.
To ensure that the public interest is effectively protected, it also engages with other bodies active in the regulation of the financial markets to ensure that valuation issues
are properly understood and reflected.
Certain aspects of the standards do not direct or mandate any particular course of action, but provide fundamental principles and concepts that must be considered in undertaking
A standard within IVS will do one or more of the following: • identify or develop globally accepted principles and definitions, • identify and promulgate considerations for
the undertaking of valuation assignments and the reporting of valuations, • identify specific matters that require consideration and methods commonly used for valuing different types of assets or liabilities.
IVSC works cooperatively with national professional valuation institutes, users and preparers of valuations, governments, regulators and academic bodies, all of whom can become
members of IVSC and play a role in advising the Boards on their agenda priorities.
 Objective of IVS The objective of the International Valuation Standards (IVS) is to increase the confidence and trust of users of valuation services by establishing
transparent and consistent valuation practices.
The Asset Standards include certain background information on the characteristics of each asset type that influence value, and additional asset-specific requirements on common
valuation approaches and methods used.
[‘”Boards”. IVSC. Retrieved 21 June 2017.
o ^ “Members of the Board of Trustees”. IVSC. Retrieved 21 June 2017.
o ^ “Our Members”. IVSC. Retrieved 21 June 2017.
o ^ “International Valuation Standards”. IVSC. Retrieved 21 June 2017.
o ^ “IVSC launches
new global standards for valuation professions”. IVSC. Retrieved 21 June 2017.
o ^ “IVS Open Consultations”. IVSC. Retrieved 21 June 2017.
o ^ “Sponsors”. IVSC. Retrieved 21 June 2017.
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