14‏/08‏/2023

What is the organization of IVSC?

introduction

(IVSC is an independent not-for-profit organization)

What is IVSC?

It is an independent, not-for-profit organization that sets and develops international assessment standards. The International Assessment Standards Board was established in 1981 in the United States and is headquartered in London. Its mission is to promote and improve the quality of assessments worldwide by developing and maintaining a framework for the consistent application of assessment principles. and promoting technical and ethical standards for valuations that investors and others can rely on.

IVSC International Evaluation Standards

The International Valuation Standards Board has developed a set of international valuation standards and guidelines that provide a framework for professionals in the valuation industry to follow. These standards cover a range of valuation disciplines, including real estate, business valuation, intangible assets and financial instruments.

The Centre's standards are designed to be principle-based, meaning that they provide guidance on the basic principles to be followed when conducting an assessment, rather than prescribing a specific method or approach. The standards are also intended to be applicable across different jurisdictions and to be adaptable to different types of assessment. The Center's standards are reviewed and updated regularly to ensure that they remain relevant and up-to-date with changes in the assessment industry and global markets.

What is IVSC's role in promoting consistent and reliable assessment practices?

The role of the International Assessment Standards Board in the assessment industry is to provide a consistent and reliable framework for professionals to follow when conducting assessments, by promoting international assessment standards and guidelines. The Center also works closely with other standard-setting bodies and regulatory authorities to promote the adoption and use of standards to improve the quality and consistency of assessment practices. Worldwide, it also provides guidance and support to valuation professionals, and promotes the importance of high-quality valuations to stakeholders such as investors, regulators and the general public.

The center also works with various stakeholders, including governments, regulators, standard-setters, professional organizations and valuation professionals, to create and maintain a set of globally recognized valuation standards. These standards cover different fields of valuation, such as real estate, business valuation, financial instruments, intangible assets and natural resources. .

The contribution of IVSC - in building confidence in the financial markets

The International Valuation Standards Board plays an important role in promoting consistency and reliability in valuation practices around the world. The Center's international valuation standards are recognized and used by valuation professionals around the world to provide transparent, reliable and independent valuations. This contributes to building confidence in the financial markets and the broader economy by ensuring stakeholders have confidence in the assessments they receive.