• Register
Return to: Home > News > Standards > IVSC issues valuation standard

IVSC issues valuation standard

The International Valuation Standards Council (IVSC) has issued a new international valuation standard aimed at increasing the confidence of users of valuation services.

The new International Valuation Standards (IVS) will cover the valuation of a wide range of assets: financial instruments, real property, intangible assets and business interests.

The IVSC said capital markets need to have confidence in valuations and following, “numerous inquests into the 2008 financial crisis, regulators and the G20 have acknowledged that proper valuation standards and effective regulation are necessary for improved financial stability.”

IVSC standards board chairman Steven Sherman said since valuation is, “key to financial decision making, whether for investment or for measuring performance throughout the financial system, an up to date and robust set of standards is needed to help eliminate avoidable risks.”

IVSC board of trustees chairman Michel Prada said the financial crisis has provoked serious debate about the role and reliability of valuations and their impact on financial markets.

“The ambition of the IVSC is clear – to provide standards and guidance that improve the quality and reliability of valuations globally,” she said.

The new IVS will be effective from January 2012.

IVCS membership consists of several different financial organisations including Deloitte, Ernst & Young, KPMG and Grant Thornton.

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.