International Valuation Standards 2007

The International Valuation Standards Committee (IVSC) has published the 8th edition of the International Valuation Standards – IVS 2007. This edition, which was in development for two-and-a-half years, includes several new components and has also undergone extensive revision and updating. International Valuation Standard 2, Bases Other Than Market Value, and International Valuation Application 2, Valuation for Secured Lending Purposes, have been rewritten, and the revision of Guidance Note 3, Valuation of Plant and Equipment, which was approved in 2005 after publication of the previous edition, has been reincorporated into the text. The eighth edition contains a new International Valuation Application, Valuation of Public Sector Assets for Financial Reporting; a new Guidance Note, Valuation of Historic Property; and other new features such as a chart diagramming the hierarchy of property rights and a useful addendum to GN 8 (Profitability Test When Reporting DRC). Much attention has been given to standardizing terminology and identifying relationships to international accounting standards.

The demand for valuations prepared under International Valuation Standards is being driven by the rapid adoption around the world of International Financial Reporting Standards, the growing influence of Public Sector Accounting Standards, and the increasing need for users of valuation reports to have a consistent and comparable measurement of assets wherever they may be. Valuers active in global markets should be familiar with the work of the International Valuation Standards Committee and the Standards, Applications, and Guidance Notes presented in this text.

TO ORDER:
IVS 2007 is available at a copy price of $75 USD is inclusive of all postage and handling charges. The IVSC is a not-for-profit organization and its standards are sold to offset the costs of the standard-setting activities.

OR, if you prefer to order by fax or post:

CONTENTS of the eighth edition:
Introduction  
• Background to the International Valuation Standards Committee and the Standards  
• Concepts Fundamental to Generally Accepted Valuation Principles (GAVP)
• Code of Conduct  
• Property Types  
International Valuation Standards
• IVS 1 Market Value Basis of Valuation
• IVS 2 Bases Other Than Market Value
• IVS 3 Valuation Reporting
International Valuation Applications
• IVA 1 Valuation for Financial Reporting
• IVA 2 Valuation for Secured Lending Purposes
• IVA 3 Valuation of Public Sector Assets for Financial Reporting
Guidance Notes
• GN 1 Valuation of Real Property  
• GN 2 Valuation of Lease Interests  
• GN 3 Valuation of Plant and Equipment
• GN 4 Valuation of Intangible Assets
• GN 5 Valuation of Personal Property  
• GN 6 Business Valuation
• GN 7 Consideration of Hazardous and Toxic Substances in Valuation  
• GN 8 The Cost Approach for Financial Reporting-(DRC)
• GN 9 Discounted Cash Flow (DCF) Analysis for Market Valuations and Investment Analyses
• GN 10 Valuation of Agricultural Properties
• GN 11 Reviewing Valuations
• GN 12 Valuation of Specialised Trading Property
• GN 13 Mass Appraisal for Property Taxation
• GN 14 Valuation of Properties in the Extractive Industries
• GN 15 Valuation of Historic Property
Glossary
Index

page updated 17-Aug-2007

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