Stout has become a sponsor and member of the International Valuation Standards Council (IVSC).
As a sponsor and member of the IVSC, Stout will work with the global standard setter and other leading valuation organisations throughout the world, to ensure international standards enhance the reliability and transparency of valuation data.
Without consistent and robust valuation standards businesses struggle to rely on this important information. Stout and other organisations provide support and collective leadership for the IVSC to align international best practices in valuation. By doing so, they support businesses and protect financial markets for the public good.
“We are delighted to become a member and sponsor of the International Valuation Standards Council, and we look forward to working with other members to develop internationally accepted valuation standards and principles,” said Greg O’Hara, who leads Stout’s Valuation Advisory group. “In a period when trust, consistency, and transparency are critical to the operation of the global economy, Stout is a respected source who embodies the organisation’s commitment to building confidence in valuations.”
“The IVSC and its members share a belief that raising standards of international valuation practice benefits business and the wider public interest,” said Alistair Darling, Chair of the IVSC Board of Trustees. “Consistent standards improve transparency and stability of financial markets, contribute to the growth of stronger economies and lead to improved confidence for all users of valuation data. It is therefore of great importance that globally respected firms like Stout are part of this effort to develop and promote international best practice.”
As part of a programme of webinars and publications looking at valuation during the Covid-19 crisis, Stout are inviting people to join a webinar on Thursday 7 May:
Alternative Asset Valuations During the COVID-19 Crisis Webinar (click to find out more, including details of how to join)
May 7, 12:00 CT
The global health pandemic is causing unprecedented disruptions to the financial markets. The valuation of complex and illiquid financial instruments is especially challenging during periods of high volatility and uncertainty. Join our webinar where our expert panel will discuss the application of fair value accounting to alternative investments in a turbulent market environment.
The webinar will cover the following topics:
- Application of Fair Value Accounting Standard and Industry Guidance to the COVID-19 Crisis
- Lessons Learned from the Global Financial Crisis – Regulatory and Legal Considerations
- Considerations for Institutional Investors
- Update on the Q1 2020 Financial Reporting Process