International Valuation Standards

London: International Valuation Standards Council, 2019. — 138 p. — ISBN: 978-0-9931513-3-3-0.
Effective 31 January 2020.The International Valuation Standards Council (IVSC) is an independent, not-for-profit organisation committed to advancing quality in the valuation profession. Our primary objective is to build confidence and public trust in valuation by producing standards and securing their universal adoption and implementation for the valuation of assets across the world. We believe that International Valuation Standards (IVS) are a fundamental part of the financial system, along with high levels of professionalism in applying them. Valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity. The International Valuation Standards (IVS) are standards for undertaking valuation assignments using generally recognised concepts and principles that promote transparency and consistency in valuation practice. The IVSC also promotes leading practice approaches for the conduct and competency of professional valuers.
The IVS consist of mandatory requirements that must be followed in order to state that a valuation was performed in compliance with the IVS. Certain aspects of the standards do not direct or mandate any particular course of action, but provide fundamental principles and concepts that must be considered in undertaking a valuation.The IVS are arranged as follows:
The IVS Framework.
This serves as a preamble to the IVS. The IVS Framework consists of general principles for valuers following the IVS regarding objectivity, judgement, competence and acceptable departures from the IVS.
IVS General Standards.
These set forth requirements for the conduct of all valuation assignments including establishing the terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting. They are designed to be applicable to valuations of all types of assets and for any valuation purpose.
IVS Asset Standards.
The Asset Standards include requirements related to specific types of assets. These requirements must be followed in conjunction with the General Standards when performing a valuation of a specific asset type. The Asset Standards include certain background information on the characteristics of each asset type that influence value and additional asset-specific requirements on common valuation approaches and methods used.
What is the Effective Date?
This version of International Valuation Standards is published on 31 July 2019, with an effective date of 31 January 2020. The IVSC permits early adoption from the date of publication.Introduction.

IVS Framework.
General Standards.
IVS 101 Scope of Work.
IVS 102 Investigations and Compliance.
IVS 103 Reporting.
IVS 104 Bases of Value.
IVS 105 Valuation Approaches and Methods.
Asset Standards.
IVS 200 Business and Business Interests.
IVS 210 Intangible Assets.
IVS 220 Non-Financial Liabilities.
IVS 300 Plant and Equipment.
IVS 400 Real Property Interests.
IVS 410 Development Property.
IVS 500 Financial Instruments.