International Valuation Standards Board Releases Discussion Paper on Valuation Uncertainty for Comment
Today, the International Valuation Standards Board (IVSB) released a discussion paper, Valuation Uncertainty, that examines the nature and causes of valuation uncertainty and how this uncertainty should be communicated to valuation users. The IVSB will evaluate responses to the discussion paper in determining whether amendments are necessary to the proposed new International Valuation Standards and whether it needs to undertake a project to develop technical guidance on possible methods for estimating a quantitative measure of uncertainty. The discussion paper is available on the International Valuation Standard Council’s Web site. Comments are due by December 24, 2010.