Latest edition of the International Valuation Standards (IVS) published
The International Valuation Standards (IVS) are globally recognised, principles-based standards that form the foundation of valuation for all assets and liabilities. Developed by the International Valuation Standards Council (IVSC) and utilised by professionals in over 100 countries, IVS play a crucial role in enhancing the quality, comparability, and transparency of valuations.
Regularly updated by the IVSC’s standards boards, the latest edition of IVS, published on 31 January 2024 (and effective from 31 January 2025), is now available for download through IVS Online. In what is a significant update, the latest version includes new chapters on Data & Inputs, Documentation, and Financial Instruments. The General Standards section has also been reordered to more accurately reflect the modern valuation process, as well as the many participants involved in the preparation, review and use of valuations.
These significant enhancements follow an extensive period of public consultation in 2023, including public board meetings, webinars and presentations, alongside a formal consultation that ran from April – July.
To support the implementation of the new standards, the IVSC’s Standards Review Board has also issued a ‘Red-Line’ version, tracking the changes from the earlier (January 2022) version. Both versions are now available to download. A ‘Basis of Conclusions’ document, presenting a detailed rationale for the changes, will be published by the IVSC in March 2024.
Explore this page to learn more about the key updates, and access additional resources to support your understanding of the latest standards.
Key changes at a glance
Some of the key changes in the latest version of IVS are set out below.
A full overview of the changes can be found in the ‘Red-Line’ version of the standards, available on IVS Online, or from the Members’ Portal of The IVSC website.
The updated IVS includes a new uniform framework for all asset and liability classes, enhancing process rigour and risk mitigation.
Access the new standards
IVSC Members and Sponsors have free access to the latest edition of IVS. Members can download the new version via the Members’ Portal on the IVSC website, while Sponsors have free access through IVS Online, which includes a comprehensive archive of electronic standards. Non-members and non-sponsors can subscribe to IVS Online for access. Hard copies can also be purchased through the IVSC Book Store.
Watch back: Webinar exploring changes to IVS (February 2024)
IVSC hosted a series of webinars in February 2024 exploring the latest changes to IVS. A recording of one of those presentations can be viewed above.
What does the IVS cover?
Click the chapter headings to learn more about what’s included in the latest update to the International Valuation Standards.
Who sets the International Valuation Standards and why do they matter?
Frequently Asked Questions
Take a look at the Frequently Asked Questions. If you have a question that isn’t answered below, please share it through the contact form at the bottom of this page.
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