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THE INTERNATIONAL VALUATION STANDARDS

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Get Acrobat ReaderThe following documents are provided for historical and research purposes. The most current IVSC publications are also available. All of these documents are offered in Adobe Acrobat format, which requires the FREE Acrobat reader plug-in. If you do not have this plug-in, get it here or click on the icon at right.

IVSC Newsletters

November 2006

E-News: Issue 8

October 2006

E-News: Issue 7

September 2006

E-News: Issue 6

June 2006

E-News: Issue 5

April 2006

E-News: Issue 4

January 2006

E-News: Issue 3

September 2005

E-News: Issue 2

July 2005

E-News: Issue 1

September 2004

Global Valuation Issues (pdf)

September 2003

Global Valuation Issues (pdf)

February 2003

Global Valuation Issues (pdf)

August 2002

Global Valuation Issues (pdf)

January 2002

Global Valuation Issues (pdf)

June 2001

Global Valuation Issues (pdf)

December 2000

Global Valuation Issues (pdf)

March 2000

Global Valuation Issues (pdf)

Sept. 1999

Global Valuation Issues (pdf)


PAPERS and SPEECHES

January 2009

The Valuation of Investment Property under Construction under IAS 40, IVSC Interim Position Statement

March 2007

Valuation Under International Financial Reporting Standards” issued by the IVSC

October 2006

Implementation of Basel II in the EU (CRD)/ Property Valuation” by Raymond Trotz

July 2006

Basel II – Implications for Property Valuers” by Raymond Trotz

June 2006

The Valuation of Real Estate Serving as Collateral for Securitised Instruments, IVSC White Paper

March 2005

Valuation Accuracy in Real Estate Indices: The Case of the ROZ/IPD Netherlands Property Index Compared to the IPD UK Index and the NCREIF USA Index” by Aart Hordijk,

January 2002

Back to Basics: Critical Financial Sector Professions Required in the Aftermath of an Asset Bubble by Michael Pomerleano, Lead Financial Specialist, The World Bank
The IVSC assisted Mr. Pomerleano with the preparation of his paper delivered to the annual seminar, cosponsored by the Federal Reserve Bank of Chicago and the World Bank. The seminar entitled “Asset Price Bubbles—Implications for Monetary, Regulatory, and International Policies” took place in April, 2002. The IVSC is grateful to Mr. Pomerleano for the permission to make available on its web site an abbreviated version of his paper.

October 2001

Address to the Annual General Meeting of the International Valuation Standards Committee in Bangkok, Thailand by Raymond Trotz—Director, HypoVereinsbank AG, Munich/Germany; Board Member IVSC; Delegate of the Association of the German Mortgage Banks

June 2001

IVSC response to IASB Extractive Industries Issues Paper (for printing on A4 paper)

May 2001

Property Valuation and Capital Adequacy of International Banks: A Review of the New Basel Capital Accord” by John Rich, M.A., with an introduction by Greg McNamara, IVSC Chairman

January 2001

“International Valuation Standards for Global Property Markets” Text of presentation (pdf) by Michael R. Milgrim, Ph.D., IVSC Lead Editor, delivered at the Japan Real Estate Institute in Tokyo, Japan.

February 2000

IVSC Chairman’s Statement, delivered to North American Conference of Appraisal Organisations

September 1999

IVSC Chairman’s Address: “Current Valuation Standards and Standards for the New Millennium”at AGM in Beijing


PRELIMINARY FINAL DRAFTS

International Valuation Application 1: Valuation for Financial Reporting (pdf)


GUIDANCE NOTES

International Valuation Guidance Note 8: The Cost Approach for Financial Reporting - (DRC) (pdf)
Guidance Note 17: The Valuation of Investment Property under Construction (pdf) NOTE: This has been superseded by IVS 233, published in July 2011.


EXPOSURE DRAFTS / REQUESTS FOR COMMENT

NOTE: Comment deadlines for the following Exposure Drafts have EXPIRED, but the documents are here for reference.

See comments

Proposed Guidance Note: The Valuation of Investment Property under Construction (pdf)

28 Sept 2009

IVSC responds to IASB Fair Value Measurement Exposure Draft (pdf)

See comments

Revised International Valuation Guidance Note No. 4 — Valuation of Intangible Assets (pdf). Comment period closed 30 April 2009.

See commentsspacer

Proposed new International Valuation Guidance Note No. 16 — Valuation of Intangible Assets for IFRS Reporting Purposes (pdf). Comment period closed 30 April 2009.

See comments

Discussion Paper: Determination of Fair Value of Intangible Assets for IFRS Reporting Purposes. This Discussion Paper is published by the International Valuation Standards Committee (IVSC) for comment only (pdf; 2007-August) Comment period closed.

See comments

Review of the International Valuation Standards. A Report of the International Valuation Standards Committee’s Critical Review Group issued for comment (pdf; 2007-July)

spacer

Discussion Paper: Measurement Bases for Financial Accounting - Measurement on Initial Recognition (pdf; 2006-May)

Comment period closed

Consultation on Improvements to GN 8 - The Cost Approach for Financial Reporting (pdf)

Comment period closed

IVA 2 - Valuation for Lending Purposes (pdf)

Comment period closed

Proposed Revised International Valuation Standard 2 – Bases Other Than Market Value (pdf)

Comment period closed

Proposed International Valuation Application – Valuation of Public Sector Assets for Financial Reporting (pdf)
Proposed International Valuation Guidance Note – The Valuation of Historic Property (pdf)

Comment deadline:
31 October 2004

Proposed Revised International Valuation Guidance Note—
GN 3 Valuation of Plant and Equipment

Comment deadline:
31 October 2004

Proposed International Valuation Guidance Note—
Valuation of Specialised Trading Property

Comment deadline:
31 March 2004

Proposed International Valuation Guidance Note—
Mass Appraisal for Property Taxation

Comment deadline:
19 March 2004

Position Statement—
Valuation of Assets for Financial Statements

Comment deadline:
31 March 2004

Proposed International Valuation Guidance Note—
Extractive Industries

Comment deadline:
December 2002

Proposed International Valuation Guidance Notes —
Valuation of Agricultural and Rural Properties
Reviewing Valuations
Personal Property

Comment deadline:
December 2002

International Valuation Commentary —
Valuation of Mortgage Portfolios for Securitisation Purposes

Comment deadline:
December 2002spacer

Proposed International Valuation Application—
Mass Appraisal of Real Property


PRESENTATIONS:
Valuation Standards: Are We Doing It Right?” Presentation and paper by Chris Thorne, FRICS, FCIArb, Vice Chairman, IVSC Standards Board at the 5th International Conference on the Valuation of Plant, Machinery and Equipment; London, UK, 1-3 October 2007

Resource Codification, Valuation Standards, and Sustainable Development.” Presentation by Trevor R. Ellis, leader IVSC, Extractive Industries Task Force to meeting of UNECE’s Ad Hoc Group of Experts on Harmonization of Reserves and Resources Terminology; Geneva, Switzerland, 9-11 November 2005

Property Valuations for Company Balance Sheets, Following the Adoption of IFRS” by Elvin Fernandez, presented at 56th FIABCI World Real Estate Congress, Athens, Greece, 30 May– 4 June 2005.

COMMENT LETTERS:
Technical papers issued by the IVSC address specialised topics outside the purview of the International Valuation Standards and do not form part of those Standards. They are based on study of the best practices and most effective methods for dealing with the issues being addressed. Compliance with the procedures discussed in the technical paper is not considered mandatory.

Property Valuations for Company Balance Sheets, Following the Adoption of IFRS” by Elvin Fernandez, presented at 56th FIABCI World Real Estate Congress, Athens, Greece, 30 May– 4 June 2005.

Key to Success: a Profession Speaking with a United Voice” by Joe Vella, from Canadian Appraiser, Vol 49:1 (2005), pp. 30-33

Mass Appraisal For Property Taxation, IVSC Technical Paper, March 2005



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