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Lithuania adopts International Valuation Standards (IVS)

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25 Oct 2011

A revision to the Lithuanian Fundamental Law on Business and Property Valuation was adopted by the Parliament of the Republic of Lithuania on 22 June 2011.

The revised law makes the use of the International Valuation Standards (IVSC) obligatory for valuers from 1 May 2012. The Public Institution Auditing, Accounting and Property Valuation Institute of the Republic of Lithuania — a government body responsible for licensing and supervising valuers and valuation companies — will translate and make the IVS available in Lithuania.

Click for IVSC e-news publication (link to IVSC website) announcing the development.

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