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IVSC releases updated proposals on ethical principles for professional valuers

  • IVSC (International Valuation Standards Council) (lt green) Image

06 Jun 2011

The International Valuation Standards Committee (IVSC) has released revised proposals for a Code of Ethical Principles aimed at providing better regulation of the global valuation profession.

The International Valuation Standards Committee (IVSC) has released revised proposals for a Code of Ethical Principles aimed at providing better regulation of the global valuation profession.

The exposure draft is an update to an initial set of proposals issued during 2010. Key changes include:

  • expanding the guidance on the application of the five 'Fundamental Ethical Principles' (integrity, objectivity, professional competence and due care, confidentiality and professional behaviour)
  • replacing the original material focusing on the application of the Fundamental Principles with guidance that has a broader context and generally avoids detailed rules requiring or forbidding specific actions
  • removing some rules that dealt with the execution of a valuation assignment rather than ethical issues.

Comments on the exposure draft are requested by 31 August 2011. Click for access to the exposure draft (link to IVSC website).

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