Skip to main content

Liabilities 2013

Liabilities 2013

The Standards Board confirmed during the IVS Improvements project that the IVSs could be applied to the valuation of liabilities but that a project would be required to develop either a new IVS dealing specific additional requirements, a Technical Information Paper to provide guidance or both.

The Board agreed a Project Brief in June 2011 and a call was made for experts to join a Working Group to advise the Board. The Group was confirmed in March 2012.
A Discussion Paper aimed at obtaining views on the scope of the project and the nature of the issues identified was issued on 1 February 2013, with a closing date for comments of 30 April. The comment letters can be viewed here. An analysis of the comments received is available on this page.

Following consideration of the responses to the Discussion Paper the Board agreed that it would proceed to propose changes to the IVSs necessary to make them more applicable to liabilities and then to develop guidance on the application of the standards to different types of liability. In March 2014 the Board tentatively agreed changes to the IVS Framework which will be exposed as part of the overall improvements proposed as part of the 2015 review of the IVSs.

Work will commence on developing guidance with a view to issuing an exposure draft in the first part of 2015.

Background

Documentation

Project brief

Download

Discussion paper

Download

Analysis of comments on exposure draft

Download
There are more than 160 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

IVSC members include Valuation Professional Organisations, valuation service providers, users of valuation professional services, standard-setting bodies, regulators, governments and academic institutions. Members work together to enhance valuation through internatioanlly-agreed standards and the highest levels of professionalism.

There are more than 180 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.