IVSC Publications

INTERNATIONAL VALUATION STANDARDS

International Valuation Standards 2011
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OTHER PUBLICATIONS

December 2011

Code of Ethical Principles for Professional Valuers (pdf)

October 2011

Final Report to G-20 Deputies - Regulatory Convergence in Financial Professions and Industries (pdf)

June 2011

Interim Report - Regulatory Convergence in Financial Professions and Industries (pdf)

March 2011

Strategy and Operational Plan, 2011/2012 and 2012/13 (pdf)

March 2011

IVSC Annual Report, 2009-2010 (1.6Mb pdf)

March 2010

IVSC Annual Report, 2008-2009 (pdf)

EXPOSURE DRAFTS

7 December 2011

A Competency Framework for Professional Valuers (98kb pdf). COMMENTS DUE 28 February 2012.

27 May 2011
See comments

Second Exposure Draft: Proposed Code of Ethical Principles for Professional Valuers (132kb pdf) COMMENT PERIOD CLOSED.

15 February 2011
See comments

Proposed Technical Information Paper 2: Depreciated Replacement Cost (542kb pdf). COMMENT PERIOD CLOSED.

17 January 2011
See comments

Proposed Technical Information Paper 1: The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations (565kb pdf). COMMENT PERIOD CLOSED.

19 July 2010
See comments

Proposed Code of Ethics for Professional Valuers (511kb pdf). COMMENT PERIOD CLOSED.

10 June 2010
See comments

Proposed New International Valuation Standards (840kb pdf). COMMENT PERIOD CLOSED.

DISCUSSION PAPERS

September 2010
See comments

Valuation Uncertainty (655kb pdf). COMMENT PERIOD CLOSED.

July 2010
See comments

Definition of a Professional Valuer (545kb pdf). COMMENT PERIOD CLOSED.

GUIDANCE NOTES see all guidance notes

March 2010

Guidance Note 4: The Valuation of Intangible Assets (pdf)

ARTICLES & PRESENTATIONS
Toward promoting awareness of ongoing developments in the valuation profession, IVSC publishes research and information papers so as to disseminate the results of recent research on valuation issues. The findings and conclusions expressed in these papers are those of the authors of the papers and do not necessarily reflect the viewpoint of the IVSC, its member associations, or delegates. The authors of the papers are identified and should be cited in any reference thereto.

“Value Added” by Chris Thorne. Article in Accountancy Magazine, August 2011.

“Valuations: Goodwill Hunting” by Chris Thorne. Article in AccountancyAge, 03 June 2010.

China Appraisal Society Notice No. 7 regarding: “Guidance on Propelling Appraisal Firms to Become Bigger, Stronger and More Excellent” by the Ministry of Finance, January 2010. This is an English translation of the article originally published on the website of the China Appraisal Society (www.cas.org.cn) on 15 January 2010.

“The IVSC: the challenge of developing global valuation standards” by Carlos Arenillas Lorente. This is an English translation of the article originally published in the Quarterly Bulletin (2009) of the Spanish Securities and Exchange Commission (CNMV)

“Value: Fair or Foul?” by Chris Thorne, chair, International Valuation Standards Board, article published in the newsletter of the European Public Real Estate Association (EPRA), March 2009. EPRA website

“The Fair Value Debate: from accounting utopia to financial realism” by Jean-Florent Rerolle, member International Valuation Professional Board. Original published in French in the Revue Trimestrielle de Droit Financier no 4 2008, and reproduced here with permission.

COMMENT LETTERS

Comment letter to ESMA (European Securities and Markets Authority) on Implementing Measures on the Alternative Investment Fund Managers Directive, 11 September 2011.

Comment on the Alternative Investment Fund Managers (AIFM) Directive addressed to ESMA (European Securities and Markets Authority) by IVSC, 13 January 2011.

Comment on “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (FSP FAS 157-4) by IVSC, 17 April 2009.

Comment on the role of valuation standards during the financial crisis and the work of the Financial Crisis Advisory Group (“FCAG”) by IVSC, 17 April 2009.

Comment on proposed FASB Staff Position “Determining Whether a Market Is Not Active and a Transaction Is Not Distressed” (FSP FAS 157-e) by IVSB, 31 March 2009.

WHITE PAPERS/ POSITION STATEMENTS
White Papers and Position Statements are issued by the IVSC to provide broad interpretations, highlight specific disclosures and commentary about current or special issues, and issues that may be in flux. They may also act an interim measure prior to issuance of a valuation application or guidance note by IVSC. White Papers are not subject to a formal exposure process. However the IVSC welcomes comments on any aspect of these published papers, in particular whether there is a need to develop the paper into more formal guidance.

 There are no current White Papers or Position Statements.