Restructuring the IVSC

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

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.

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