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International Valuation Standards Council (IVSC)


International Valuation Standards Council

The International Valuation Standards Council (IVSC) 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 world.

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

Membership of IVSC is open to organizations 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 to:

  • 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 operate in the world economy, business, and financial reporting environments. The Board of Trustees shall not be less than six nor more than 11 persons, and Trustees are drawn from geographically diverse areas.


IVSC pronouncements

Types of pronouncements

The IVSC produces the following pronouncements:

  • IVS Framework — a preamble to the other pronouncements setting out generally accepted valuation principles and concepts, but does not contain any procedural requirements
  • General Standards — general requirements for undertaking all valuation assignments, unless modified by specific Asset Standards or Valuation Applications
  • Asset Standards — contain modifications and additions to the General Standards for specific classes of assets
  • Valuation Applications — contain modification and additions to other standards when undertaking valuations for specific purposes
  • Technical Information Papers — supports the application of other pronouncements through various means, e.g., how asset characteristics of asset impact valuations, appropriate valuation methods used in particular situations, and guidance on judgements required in developing valuations in specific situations

International Valuation Standards (IVS)

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

The International Valuation Standards 2011 (IVS 2011)


  • 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
68 Lombard Street, London EC3V 9LJ
United Kingdom

Web site:

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

Executive Director
Marianne Tissier

Correction list for hyphenation

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