Goal/Vision: Our priority is to expand the depth of International Valuations Standards and ensure they are fit for purpose and meet the needs of the marketplace.

Draft Timing IVS 2017:

  • April 2016: Consultation for IVS 2017 Introduction and Framework, IVS 104 Bases of Value, IVS 105 Valuation Approaches and IVS 210 Intangibles issued for public consultation. Consultation period closes 7 July 2016.
  • June 2016: Consultation for IVS 101 Scope of Work, IVS 102 Investigation and Compliance, IVS 103 Reporting, IVS 200 Businesses and Business Interests, IVS 300 Plant and Equipment, IVS 400 Real Property Interests, IVS 410 Development Property, and IVS 500 Financial Instruments. Consultation period closes 31 August 2016.
  • September 2016: Additional Standards Board meeting to discuss response to IVS 2017 Exposure Drafts. Standards Board to make necessary amendments to finalise in advance of AGM.
  • October 2016: IVS 2017 to be launched at AGM, subject to final approval by the Standards Board.
  • After AGM: Early adoption of IVS 2017 allowed.
  • 1 January 2017:  IVS 2017 to be published.
  • 1 July 2017:  IVS 2017 adoption becomes mandatory.

Gap Analysis: The following gap analysis highlights immediate-term goals for IVS 2017 and medium- to long-term goals for the International Valuation Standards

Active Projects

IVS 2017

    • IVS 2017 Introduction and Framework
    • IVS 101 Scope of Work
    • IVS 102 Investigation and Compliance
    • IVS 103 Reporting
    • IVS 104 Bases of Value
    • IVS 105 Valuation Approaches
    • IVS 200 Businesses and Business Interests
    • IVS 210 Intangible Assets
    • IVS 300 Plant and Equipment
    • IVS 400 Real Property Interests
    • IVS 410 Development Property
    • IVS 500 Financial Instruments

Other Active Projects

    • Liabilities
    • Financial Instruments

Potential Future Projects

    • Analysis of Commercial Lease Transactions
    • Art and Antiques
    • Commercial Forests
    • Contracts
    • Credit/Debit Valuation Adjustments
    • Deferred Revenue
    • Depreciated Replacement Cost Method of Valuation for Financial Reporting
    • Derivative Valuations
    • Discount Rates
    • Discounts and Premia
    • Early Stage/Development Stage Valuations
    • Expected Cash Flow
    • Extractive Industries
    • Funding Valuation Adjustments
    • Inspections and Material Considerations
    • International/Multinational Valuations
    • Inventory
    • Liabilities
    • Preferred Stock
    • Valuation of Residential Properties
    • Valuations for Taxation purposes including taxes and tax flow-through Entities
    • Recovery and Resolution
    • Specialised Public Service Assets
    • Stock Options
    • Trade Related Property
    • Valuation of Individual Trade-Related Properties
    • Valuation in Markets Susceptible to Change: Certainty and Uncertainty
    • Valuation of Personal Property including Art and Antiques.
    • Valuation of Portfolios, Collections, and Groups of Properties/Assemblage Value

Input regarding any of the above topics for future consideration by the Standards Board is encouraged via communication with the following:

Adam Smith, Interim Technical Director of Business Valuation Standards

Alexander Aronsohn, Interim Technical Director of Real Estate Valuation Standards

Peter Melvin, Interim Technical Director of Financial Instruments Standards

Redline version and Pre-publication Draft

The Standards Board met in both September and October 2016 to fully consider the input from Comment Letters (over 2,000 individual comments were submitted) and to complete a comprehensive editing process.

The end result from this open consultation process is that the Standards Board has further revised IVS 2017 which you can view in a ‘redline’ format, below.

A clean Pre-publication Draft without any redline markings can be downloaded below:


Exposure Drafts Consultation with comment letter deadline 31 August 2016:

A complete Exposure Draft of IVS 2017, encompassing all of the drafts listed above, can be downloaded by clicking here.  

From April to July 2016, four other Exposure Drafts of elements of IVS 2017 were consulted upon. These are available to view below, but the comment letter deadline has now passed. 

The IVSC Standards Board welcomes Comment Letters within a 90-day period (in accordance with our Bylaws). Individuals, firms, organizations, regulators, companies and others are encouraged to provide feedback to ensure the revised chapters meet market needs. All comments received as part of the consultation process will be published on the IVSC website and will be considered by our Board.

Comments are requested from those who agree with the proposed standards as well as from those who have suggestions for improvement. Feedback is most helpful if comments are detailed and specific. Those who disagree with the proposed standards are requested to suggest alternatives supported by specific reasoning

Feedback is most helpful if comments are detailed and specific. Those who disagree with the proposed standards are requested to suggest alternatives supported by specific reasoning.


1  2

Thank you to those who have responded to our Consultation on IVS 2017.

In accordance with our desire to operate our consultation processes in a transparent and co-operative manner, we have published all comment letters received, with the exception of letters from respondents who have requested that their comments not be published.

Each comment letter is available to download below. 

Comment letters received on the first set of Exposure Drafts (IVS 104 Bases of Value, IVS 105 Valuation Approaches, IVS 210 Intangible Assets, Introduction and Framework for IVS 2017) during the 90-day Consultation, which ran from 7 April 2016 to 6 July 2016: