New valuation standards board is appointed
18 Nov 2008
Over the past year, the overall structure for establishing International Valuation Standards (IVS) has been reorganised. Within the new structure – known as the International Valuation Standards Council (IVSC) – the International Valuation Standards Board (IVSB) is the new body that sets the standards for how to perform and report on valuations. The IVSB replaces the outgoing IVSC Standards Board.
A second body in the new structure is the International Valuation Professional Board (IVPB). The IVPB's responsibilities are to promote the profession generally and to benchmark educational and professional standards for valuation. The members of the new IVSB and IVPB have just been appointed. Also, the outgoing standards board has prepared a transition memo to advise the new board of the status of its current projects and to make recommendations as to future projects and activities, including liaison with the IASB. Click for:
- Press Release Announcing the IVSB and IVPB Appointments (PDF 22k)
- Transition Memo from the Outgoing Board (PDF 110k)
- IVSC Page on IAS Plus
