Applying International Valuation Standards (IVS) in Practice
The International Valuation Standards (IVS) provide a globally recognized framework for conducting valuations across various asset classes and industries. Developed by the International Valuation Standards Council (IVSC), the IVS aim to promote consistency, transparency, and confidence in valuation practices worldwide. As valuation professionals navigate the complexities of international assignments, adhering to the IVS is crucial for delivering reliable and credible valuations.
Understanding the IVS Framework
The IVS framework consists of several components, each serving a specific purpose in guiding valuation professionals through the valuation process:
Challenges in Applying the IVS
While the IVS provide a comprehensive framework, valuation professionals may encounter various challenges when applying these standards in practice:
Best Practices and Strategies
To overcome these challenges and ensure effective application of the IVS, valuation professionals should consider the following best practices:
By adhering to the International Valuation Standards and adopting best practices for their application, valuation professionals can enhance the credibility and reliability of their valuations, fostering trust and confidence among clients and stakeholders in the global market.
Sources:
[1] International Valuation Standards Council. (2022). International Valuation Standards (IVS). https://www.ivsc.org/standards/international-valuation-standards/
[2] Ulster University. (2014). The Role of International and Local Valuation Standards in Influencing Valuation Practice in Emerging and Established Markets.
https://pure.ulster.ac.uk/ws/portalfiles/portal/11438718/MAIN_REPORT_Global_Valuation_Standards_
FR_130314_dwl_aj.pdf
[3] Deloitte. (2013). International Valuation Standards. https://www2.deloitte.com/al/en/pages/financial-services/articles/international-valuation-standards.html
[4] HKA. (2023). Proposed updates to the International Valuation Standards (IVS) to include requirements to consider ESG factors when conducting valuations from 2024. https://www.hka.com/international-practitioners-assessing-value-for-deals-and-disputes-take-note-proposed-updates-to-the-international-valuation-standards-ivs-to-include-requirements-to-consider-esg-factors-when-cond/
[5] International Valuation Standards Council. (2024). New edition of the International Valuation Standards (IVS) published. https://www.ivsc.org/new-edition-of-the-international-valuation-standards-ivs-published/
Citations:
[1] https://www2.deloitte.com/al/en/pages/financial-services/articles/international-valuation-standards.html
[2] https://viewpoint.pwc.com/dt/gx/en/ivsc/international_valuat/assets/IVS-effective-31-Jan-2022.pdf
[3] https://www.hka.com/international-practitioners-assessing-value-for-deals-and-disputes-take-note-proposed-updates-to-the-international-valuation-standards-ivs-to-include-requirements-to-consider-esg-factors-when-cond/
[4] https://www.ivsc.org/new-edition-of-the-international-valuation-standards-ivs-published/
[5]https://pure.ulster.ac.uk/ws/portalfiles/portal/11438718/MAIN_REPORT_Global_Valuation_
Standards_FR_130314_dwl_aj.pdf
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