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IVSC consults on the valuation of non-financial liabilities

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

07 Jan 2019

The International Valuation Standards Council (IVSC) has published an exposure draft IVS 220 'Non-Financial Liabilities' for public comment.

The IVSC's project on the valuation of non-financial liabilities resulted from feedback received during its agenda consultation process conducted in 2017 and 2018.

In the introductory comments, the IVSC notes that the determination of whether a liability is financial or non-financial may be difficult. While non-financial liabilities have limited accounting and valuation guidance, financial liabilities are often subject to specific accounting, valuation, and regulatory requirements (the exposure draft contains extensive references to both IFRSs and US GAAP). Therefore, the IVSC warns that valuers must use judgement and rely on the applicable accounting and/or regulatory guidance when defining the subject liability as non-financial or financial.

Please click to access the exposure draft on the IVSC website. Comments are requested by 1 April 2019.

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