In this edition:
- Dates for your diary
- Proposed changes to IVS 2017 - have your say before 16 October 2018
- HypZert joins IVSC to enhance global valuation standards and professionalism
- Professional Insight: Putting market transparency at the heart of Saudi’s long-term vision
- Appointments: IVSC seeks experts for two standards board roles
- New members proposed
- New Business Valuation Quality Mark - last chance to share your thoughts
- Standards boards gather in Vancouver, Canada
- Join IVSC in Dubai this October for our 2018 AGM
- WAVO conference roundup
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Dates for your diary:
Find out more about the major valuation events and conferences taking place around the world and register by clicking the links.
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Proposed changes to IVS - have your say before 16 October 2018
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Further to the publication of IVS 2017 the IVSC Standards Review Board, together with the Business Valuation Board and the Tangible Assets Board, have decided to publish targeted revisions to IVS 2017 based on feedback received during the agenda consultation process conducted in 2017 and 2018.
The consultation process for the IVS 2017 Proposed Revisions is now open and you can download a copy of the consultation document, including proposed changes and indicative questions here.
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HypZert joins IVSC to enhance global valuation standards and professionalism
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HypZert has become one of the most influential and respected valuation bodies in the world. Now, the German organisation is joining VPOs from around the globe, as a member of the IVSC, to support the development of IVS and the global valuation profession.
“At HypZert, we feel honoured to be part of the IVSC's global network. From now on, we look forward to supporting IVSC in their objective, namely the development of globally uniform, transparent and reliable valuation standards, and in particular to bring our expertise to bear in the field of mortgage lending valuations, sustainable, long-term value concepts as well as the increasingly important Automated Valuation Models (AVM).” Reiner Lux, General Manager of HypZert GmbH
Click here to find out more.
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Professional Insights: Putting market transparency at the heart of Saudi’s long-term vision
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By 2030, Saudi Arabia aspires to be recognised as an international powerhouse of business and investment, right at the heart of the Arab and Islamic worlds. A cornerstone of its approach will see investor confidence boosted through robust valuation standards and market transparency. We spoke to Sultan Aljorais who, as Secretary General of the Saudi valuation authority, is responsible for overseeing the emergence of a valuation profession in the country.
Click here to read the full interview. |
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Appointments: IVSC seeks experts for standards boards
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The IVSC is now seeking applications for the following standards board roles:
Further information including details of how to apply can be downloaded here: IVSC standards board roles and application process.docx.pdf
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New and proposed IVSC members
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IVSC is pleased to welcome the following new members, proposed in June:
- Hypzert - VPO member
- Azerbaijan Society of Appraisers - Associate VPO member
The following applications were received and approved by the Membership Committee:
If you have any comments you would like to make regarding to these, please do so by emailing us via contact@ivsc.org
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New Business Valuation Quality Mark - last chance to share your thoughts
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There are significant inconsistencies in the quality of business valuations around the world. Furthermore, some countries have established Valuation Professional Organisations (VPO or VPOs), which have a sophisticated approach to professionalism and standards, and some other countries have either no VPOs or VPOs with very little or no standards and required professionalism in place. The variation in the quality of business valuations applies to both developed and developing countries.
The IVSC has launched a consultation on a proposed business valuation quality mark which seeks to offer international recognition of qualified VPOs that meet a high quality level of BV technical and professional standards. We are seeking feedback from anyone interested in this proposal, especially business valuation stakeholders, by 1 August 2018.
Click here to find out more.
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Join our standards boards for their upcoming meetings
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The IVSC's technical standards boards will meet in Vancouver this week (01-02 August) and you can join them as they discuss future updates to IVS.
The IVSC Tangible Assets and Business Valuation Boards will meet together on Wednesday 01 August and the IVSC Standards Review Board will meet the following day, Thursday 02 August.
Observers are welcome to join their meetings either in person or online via Skype. Registration is required in advance.
Click here for more details on how to register.
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Register now to join the IVSC's 2018 AGM in Dubai
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This year's AGM will take place in the vibrant, international business centre of Dubai.
The IVSC is grateful to the Dubai Government Land Department for hosting the 2018 AGM, which will take place at the Hilton Hotel Al Habtoor City over three days from 22-24 October.
The AGM programme includes:
- Public and private meetings of the IVSC's standards boards
- Meetings of the IVSC Advisory Forum, representing members of the IVSC
- CEOs meeting
- Dubai landmark tour
- Thematic presentations and panel discussions on major valuation topics
- Drinks and networking reception
- 2018 AGM
Click here to find out more and to register.
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Valuation experts congregate in Singapore for IVSC-WAVO Valuation Conference 2018
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A congregation of world renowned valuation experts, accountants, auditors, real estate valuers as well as professionals in the banking, financial and business industries gathered in Singapore on 25-26 June 2018 for the first Conference in Global Valuation hosted by the International Valuation Standards Council (IVSC) and the World Association of Valuation Organisations (WAVO) and with the Singapore Institute of Surveyors and Valuers (SISV) as the organiser.
The conference was opened by Dr Amy Khor, Singapore’s Senior Minister of State for the Environment and Water Resources and for Health. The gathering, attended by close to 200 professionals from Europe, the U.S., Canada, Middle East, Asia, South East Asia, is an important collaboration between the IVSC and WAVO to develop the valuation profession, and work towards the adoption and recognition of global valuation standards.
Chairman of IVSC Sir David Tweedie who had signed the MOU in Daegu in 2016 with WAVO said that “both organisations share a common purpose and a motivation to develop and improve valuation through consistent and robust standards, training, education and qualifications and through thought leadership event such as this Conference in Singapore”.
A full write-up and images of the conference can be found here.
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