Proposed revisions to 'cost approach' valuation guidance

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21 Nov 2006

The International Valuation Standards Committee has published Proposed Revisions to International Valuation Guidance Note 8 – The Cost Approach for Financial Reporting.

The proposed revisions are the result of requests for clarification and suggestions of minor improvements to the 2005 version of GN8. Comment deadline is 31 December 2006. The IVSC has also released an update of its work programme:

IVSC Work Programme

Eighth edition International Valuation Standards

To be published Q2 2007

Revised IVS 2 - Valuation Bases other than Market Value

Early publication on website Q1 2007

Revised IVA 2 - Valuation for Lending Purposes

Early publication on website Q1 2007

New IVA 3 - Valuation for Financial Reporting of Public Sector Assets

Early publication on website Q2 2007

New GN - Valuation of Historic Property

Early publication on website Q1 2007

Proposed Revisions to GN 8 - The Cost Approach for Financial Reporting

Consultation draft issued Nov 06

Proposed Revisions to GN 9 - Discounted Cash Flow Analysis

Consultation draft to be issued Q1 2007

The Valuation of Intangible Assets for IFRS Reporting Purposes

Exposure draft to be issued Q2 2007

Click for Full Report (PDF 193k).

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