The Valuer's Reliance on Information 2012
The Standards Board agreed this project in principle at its meeting in March 2012. A project brief was discussed and agreed at the June meeting. A working party of Board members was assigned to the project.
A Discussion Paper was published in September 2010 with a comment period to 24 December. The comments received confirmed the need for guidance on this topic.
At the Board meeting in October 2012 the Board considered recomendations from the Working Group for various amendments to the General Standards aimed at clarifying the need to consider the sources of information that could be relied upon when settling the scope of work and undertaking the assignment, together with more explicit disclosure requirements when reporting. These were tentatively agreed by the Board. It was also agreed that the proposed amendments should be merged along with the general updates and clarifications being considered to the IVSs in 2013.
Working Group:
| Frank Bollmann – chairman | Standards Board Vice Chairman |
| Thomas Boyle | Standards Board |
| Cindy Ma | Professional Board |
| Greg Forsythe | Professional Board |
Background
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