2007 volume of International Valuation Standards

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

20 Aug 2007

The International Valuation Standards Committee (IVSC) has published the 8th edition of International Valuation Standards – IVS 2007.

This edition includes several new components and has also undergone extensive revision and updating:

  • International Valuation Standard 2, Bases Other Than Market Value, and International Valuation Application 2, Valuation for Secured Lending Purposes, have been rewritten.
  • The revision of Guidance Note 3, Valuation of Plant and Equipment, which was approved in 2005 after publication of the previous edition, has been reincorporated into the text.
  • New: International Valuation Application, Valuation of Public Sector Assets for Financial Reporting.
  • New: Guidance Note, Valuation of Historic Property.
  • Other new features include a chart diagramming the hierarchy of property rights and a useful addendum to GN 8 (Profitability Test When Reporting DRC).

IVS 2007 may be purchased for US$75 inclusive of all postage and handling charges. To order go to the IVSC Website.

Contents of the eighth edition, IVS 2007:

  • Introduction
    • Background to the International Valuation Standards Committee and the Standards
    • Concepts Fundamental to Generally Accepted Valuation Principles (GAVP)
    • Code of Conduct
    • Property Types
  • International Valuation Standards
    • IVS 1 Market Value Basis of Valuation
    • IVS 2 Bases Other Than Market Value
    • IVS 3 Valuation Reporting
  • International Valuation Applications
    • IVA 1 Valuation for Financial Reporting
    • IVA 2 Valuation for Secured Lending Purposes
    • IVA 3 Valuation of Public Sector Assets for Financial Reporting
  • Guidance Notes
    • GN 1 Valuation of Real Property
    • GN 2 Valuation of Lease Interests
    • GN 3 Valuation of Plant and Equipment
    • GN 4 Valuation of Intangible Assets
    • GN 5 Valuation of Personal Property
    • GN 6 Business Valuation
    • GN 7 Consideration of Hazardous and Toxic Substances in Valuation
    • GN 8 The Cost Approach for Financial Reporting-(DRC)
    • GN 9 Discounted Cash Flow (DCF) Analysis for Market Valuations and Investment Analyses
    • GN 10 Valuation of Agricultural Properties
    • GN 11 Reviewing Valuations
    • GN 12 Valuation of Specialised Trading Property
    • GN 13 Mass Appraisal for Property Taxation
    • GN 14 Valuation of Properties in the Extractive Industries
    • GN 15 Valuation of Historic Property
  • Glossary
  • Index

There is more information in August 2007 IVSC eNews Issue 18 (PDF 132k) - IVSC releases 2007 edition of International Valuation Standards.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.