International Valuation Standards Council (IVSC)

Background

International Valuation Standards Council

The International Valuation Standards Council is the established international standard setter for valuation. Through the International Valuation Standards Board, the IVSC develops and maintains standards on how to undertake and report valuations, especially those that will be relied upon by investors and other third party stakeholders. The IVSC also supports the need to develop a framework of guidance on best practice for valuations of the various classes of assets and liabilities and for the consistent delivery of the standards by properly trained professionals around the globe.

The IVSC has published International Valuation Standards (IVS) since 1985.

Membership of IVSC is open to organisations of users, providers, professional institutes, educators, and regulators of valuation services. IVSC members appoint the IVSC Board of Trustees.

International Valuation Standards Board

The International Valuation Standards Board (IVSB) is the body that sets the standards for how to perform and report on valuations. In 2008, the IVSB replaced the former IVSC Standards Board. The IVSB shall not be less than six nor more than nine persons appointed for three-year terms (one renewal term allowed).

International Valuation Professional Board

The International Valuation Professional Board (IVPB) is responsible to promote the profession generally and to benchmark educational and professional standards for valuation. The IVPB shall not be less than six nor more than nine persons appointed for three-year terms (one renewal term allowed).

IVSC Board of Trustees

Governance, oversight, and funding of the structure are the responsibility of the IVSC Board of Trustees. Among the specific responsibilities of the trustees are:

  • appoint the members of the IVSB and IVPB
  • review annually the strategy of the IVSC and its effectiveness
  • review all applications for membership of the IVSC and put forward recommendations to the AGM
  • approve amendments to the IVSC Bylaws

Trustees are appointed for a renewable term of three years. Each Trustee is expected to have a global perspective and an understanding of how the IVSC can best operating in the world economy, business and financial reporting environments. The Board of Trustees shall not be less than six nor more than eleven persons, and Trustees are drawn from geographically diverse areas.

 

International Valuation Standards

In July 2011, the IVSC published the 2011 edition of International Valuation Standards, a comprehensive volume of all of its standards. These standards come into effect from January 2012. IVS 2011 may be purchased for £40.00 + shipping costs. To order go to the IVSC Website.

The International Valuation Standards 2011 (IVS 2011)

Contents

  • Introduction
  • Principal Changes
  • IVS Definitions
  • IVS Framework
  • General Standards
    • IVS 101 Scope of Work
    • IVS 102 Implementation
    • IVS 103 Reporting
  • Asset Standards
    • IVS 200 Businesses and Business Interests
    • IVS 210 Intangible Assets
    • IVS 220 Plant and Equipment
    • IVS 230 Real Property Interests
      Annexe - Historic Property
    • IVS 233 Investment Property Under Construction
    • IVS 250 Financial Instruments
  • Valuation Applications
    • IVS 300 Valuations for Financial Reporting
      Annexe - Property, Plant and Equipment in the Public Sector
    • IVS 310 Valuations of Real Property Interests for Secured Lending
  • Index

Contact information

International Valuation Standards Council
41 Moorgate London EC2R 6PP
United Kingdom

Website: www.ivsc.org

Email: ivsc @ ivsc.org
Phone: +44 (0) 1442 879 306

Executive Director
Marianne Tissier
Email: mtissier @ ivsc.org

Related news

  • International Valuation Standards Council update

  • Dec 23, 2011

  • An update of recent developments in relation to the International Valuation Standards Council (IVSC), including access to IVSC standards, collaboration with the IASB, code of ethical principles and the IVSC work plan.

  • New IVSC appointments

  • Nov 14, 2011

  • The International Valuation Standards Council (IVSC) has announced a number of new appointments, following the annual general meeting of the organisation held in Hong Kong on 5 November 2011.

  • IVSC issues exposure draft on depreciated replacement cost

  • Feb 16, 2011

  • The International Valuation Professional Board, an independent technical body of the International Valuation Standards Council (IVSC), has released for comment an exposure draft of Technical Information Paper 2 'Depreciated Replacement Cost'.

  • IVSC issues exposure draft on real property and business valuations

  • Jan 19, 2011

  • The International Valuation Professional Board, an independent technical body of the International Valuation Standards Council (IVSC), has released for comment an exposure draft of Technical Information Paper 1 The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations.

  • IVSC Issues two documents for consultation

  • Jul 20, 2010

  • The International Valuation Professional Board (IVPB) of the International Valuation Standards Council (IVSC) has released two documents for consultation, dealing with the definition of, and the code of ethics for, professional valuers.

  • IVSC guidance note on intangibles

  • Mar 03, 2010

  • The International Valuation Standards Council has published an updated Guidance Note 4 on the valuation of intangible assets.

  • IVSC proposal on valuing investment property

  • Aug 30, 2009

  • The International Valuation Standards Council (IVSC) has invited comment on an exposure draft (ED) of a Proposed Guidance Note The Valuation of Investment Property under Construction.

  • New IVSC board of trustees

  • Mar 05, 2009

  • The International Valuation Standards Council (IVSC) has today announced the appointment of a new Board of Trustees, chaired by Michel Prada, formerly chairman of the French securities regulator, the Autorité des Marchés Financiers.

  • IVSC moves forward with restructuring

  • Nov 29, 2007

  • The International Valuation Standards Committee board and membership have approved a comprehensive restructuring that will enable it to become an independent standard setting organisation that can develop International Valuation Standards for assets and liabilities.

  • IVSC 2005 standards now available on line

  • Apr 11, 2005

  • The International Valuation Standards Committee (IVSC) has posted to its website the various sections of International Valuation Standards 2005, including International Valuation Standards (IVSs), International Valuation Applications (IVAs), and International Valuation Guidance Notes.

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