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IVSC and IFAC renew their Memorandum of Understanding

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

Oct 26, 2012

The International Valuation Standards Council (IVSC) and the International Federation of Accountants (IFAC) have renewed their Memorandum of Understanding (MoU), which will further strengthen the collaborative efforts of both organizations in areas of common interest.

Under the MoU, several areas of common interest identified are:

  • "For valuers and auditors to obtain a better mutual understanding of standards relevant to the role of both in relation to financial statements,
  • To promote the additional credibility and acceptability of valuations prepared in accordance with IVS."

The MoU will remain effective until December 31, 2015.

Click to view the IVSC press release (link to the IVSC's Web site).

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