Restructuring the IVSC
23 Oct 2006
At the 2006 Annual General Meeting of the International Valuation Standards Committee in Beijing on 26 September 2006, IVSC members approved a plan to restructure the IVSC based on the following principles:
- The importance of an independent and transparent standard setting process
- The development of the International Valuation Standards to embrace the valuation of all assets and liabilities in response to market needs
- The call for a wider advisory constituency
- The need to protect the public interest by assisting in the development of high quality practices by the world's valuers
- The responsibility to assist the development of the profession in developing countries
- The requirement for adequate and sustainable funding for the IVSC.
IVSC's goal is to have the restructured IVSC operational by 1 January 2008.
