About International valuation standards council (ivsc)
The International Valuation Standards Council (IVSC) is a global organization that is dedicated to developing and setting the international technical and ethical standards for valuations. The IVSC was established in 1981, with the aim of promoting consistency and transparency in valuation practices across different countries and regions.
The IVSC has been instrumental in shaping the valuation profession over the years, by providing guidance on best practices, promoting education and training programs, and advocating for greater recognition of the importance of valuations in financial decision-making. The organization has also played a key role in advancing international cooperation among valuation professionals, by facilitating dialogue between different stakeholders such as regulators, standard-setters, investors, and academics.
One of the key strengths of the IVSC is its ability to bring together experts from different fields to develop high-quality standards that are relevant to a wide range of industries. The organization's Technical Boards are made up of leading practitioners from around the world who have extensive experience in areas such as real estate appraisal, business valuation, financial reporting, and investment analysis. These experts work collaboratively to develop standards that reflect current market conditions while also taking into account emerging trends and challenges.
The IVSC's standards cover a broad range of topics related to valuations including property appraisals; business valuations; intangible assets; financial instruments; plant & machinery; personal property & collections; biological assets & agricultural produce; development property & infrastructure assets. These standards provide guidance on how to conduct valuations consistently across different jurisdictions while also ensuring that they meet ethical requirements.
In addition to developing technical standards for valuations, the IVSC also provides education programs designed specifically for professionals working within this field. These programs include courses on topics such as fair value measurement under IFRSs or US GAAPs , business valuation techniques , real estate appraisal methods etc., which help practitioners stay up-to-date with new developments within their industry.
Another important aspect of IVSC's work is its advocacy efforts. The organization works closely with regulators, standard-setters, and other stakeholders to promote the importance of valuations in financial decision-making. This includes advocating for greater recognition of the role that valuations play in areas such as mergers & acquisitions, financial reporting, and investment analysis.
Overall, the International Valuation Standards Council (IVSC) plays a critical role in promoting consistency and transparency in valuation practices across different countries and regions. Its technical standards provide guidance on best practices while also ensuring that ethical requirements are met. The organization's education programs help practitioners stay up-to-date with new developments within their industry while its advocacy efforts promote greater recognition of the importance of valuations in financial decision-making.