IVSC is delighted to announce the appointment of four new international experts to its Standards Review Board (SRB). The SRB is responsible for overseeing the work of all the IVSC’s technical boards and is widely regarded as a leading authority on the development and promulgation of International Valuation Standards (IVS), which are used in more than 100 countries.
The new board members bring a wealth of knowledge and expertise from a range of fields, including real estate, finance, and accounting. They will play a key role in ensuring the IVS remain relevant and up-to-date in a rapidly changing market environment.
”We are thrilled to welcome these internationally regarded experts to the SRB. Their appointment will further enhance the board's ability to provide robust and independent oversight of the IVSC's technical work, and to ensure that the IVS continue to set the benchmark for valuation practice around the world.Susan du RossChair, IVSC Standards Review Board
The new board members are Matt Clark (Managing Director, Stout, United States), José Covas (Head of European Valuations, AURA REE, Portugal), Susann Ihlau (Managing Partner, Mazars, Germany), and Sandra Mossios (Partner, EY, UK). They will take up their roles on the SRB from 1 April 2023 on an initial three-year term.
”Since inception, the IVSC has worked to bring greater consistency, transparency, and confidence in valuations relied upon by regulators, investors, and users of all types. Throughout my valuation career, I have sought to do the same and it is a great honour to be appointed to the IVSC Standards Review Board. I look forward to working with my fellow board members across the IVSC.Matt ClarkManaging Director, Stout, United States
”The Real Estate world constantly faces a significant number of challenges and opportunities. The International Valuation Standards (IVS) bring consistency and help valuation professionals provide confidence and transparency. It is an honour for me to be appointed to the IVSC Standards Review Board, bringing the vision and amazing energy of small countries like Portugal to the global valuation profession.José CovasHead of European Valuations, AURA REE, Portugal
”Resilient International Valuation Standards are fundamental for the global functioning of capital markets. In Germany, we have many years of experience in establishing common valuation standards both for accounting and for tax and legal aspects. I am proud to be able to contribute this experience internationally and to be involved in the further development of globally agreed valuation standards.Susann IhlauManaging Partner, Mazars, Germany
”I am delighted to be joining the IVSC Standards Review Board and being able to contribute to the IVSC's efforts to advance the development of high quality, global valuation standards that facilitate consistency and transparency in valuations. IVSC Standards provide vital guidance to both valuers and non-valuers alike whether in a dispute, commercial, or regulatory context, and am pleased to play a part in this process with the IVSC along with its partners.Sandra MossiosPartner, EY, UK
The IVSC is committed to fostering the development of high-quality, transparent, and ethical valuation practices. The appointment of these new experts to the SRB is a testament to the IVSC’s continued commitment to this mission.
In April, the SRB will publish an Exposure Draft outlining proposed updates to the International Valuation Standards. The consultation, which will run for 12-weeks, will seek feedback on changes including new standards on ‘data and inputs’ and explicit references to ‘ESG’ within the valuation process. An updated version of IVS is expected to be published in 2024.
The Board is also pleased to announce that Ian Jedlin has been appointed as Vice Chair of the SRB, following the appointment of Susan DuRoss as Chair in January. Ian, who is a Managing Director with Kroll, based in Sydney, Australia, has been a member of the Board since 2017 and will continue to provide leadership to the Board throughout the remainder of his term.