August 2024
International Valuation Standards Council (IVSC)
We set the International Valuation Standards (IVS)
In this edition:
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Consultations
Share your input in writing or via our online form by 9 October 2024
The IVSC has published its 2024 Agenda Consultation, aiming to shape the future of the International Valuation Standards (IVS). This triennial consultation invites stakeholders to provide their input on key valuation topics that are crucial for the ongoing development IVS.
The Agenda Consultation seeks to gather feedback from a wide range of stakeholders, including valuation practitioners, Valuation Professional Organisations, (VPOs), financial institutions, investors, academics, corporations, and regulators. The IVSC’s mission is to develop, maintain, and promote internationally agreed standards for the valuation of assets and liabilities. This consultation ensures that the IVS reflects the priorities and needs of the global valuation community.
The Agenda Consultation document highlights several key themes for consideration:
The document also outlines, and seeks feedback on, additional topics that may be considered for future revisions of the IVS, ensuring that the standards remain relevant and comprehensive. The consultation period is now open for 90 days, concluding on 9 October 2024. The IVSC encourages all interested parties to participate and share their insights. Feedback can be submitted by accessing the feedback form linked in the consultation document.
Consultations
We’re pleased to announce?two virtual roundtable sessions as part of our 2024?Agenda Consultation, taking place on 17 and 19 September. These sessions offer a unique opportunity for valuation professionals and other stakeholders to directly engage with the IVSC’s technical boards.
During these roundtables, attendees?will?have the chance to participate in live polling and discussions, helping to shape the future of the International Valuation Standards (IVS). Your feedback is crucial in guiding the IVSC’s future work programme, so don’t miss out on this opportunity to have your say.
Spaces are limited and registration is on a first-come, first-served basis.
Business & Intangible Assets Valuation
IVSC is pleased to publish the final paper in our Perspectives Series on Intangible Assets, titled “Making Intangibles More Tangible: Series Lessons”. This concluding?paper brings together the insights and findings from the entire series, offering a comprehensive view on the valuation of intangible assets, which have become increasingly pivotal in today’s global economy.
Since the launch of the first paper in September 2021, this series has been instrumental in addressing the growing importance of intangible assets, such as human capital, brand value, technology, data, and customer relationships. These assets, often elusive in traditional financial reporting, have a significant impact on value creation, yet they remain underrepresented on corporate balance sheets.
The concluding paper revisits the major findings on these critical intangibles and explores emerging guidance, particularly in the valuation of customer-related assets. It also makes a strong case for an enhanced disclosure regime that better reflects the true value of intangible assets in financial statements.
Standards
We are delighted to announce that, from January 2025, the latest edition of the International Valuation Standards (IVS) will be freely accessible to the public in a digital format via the IVSC’s website. This change, which removes an existing paywall,?coincides with the effective date of the newest edition of IVS and represents an important step in supporting the widespread adoption and implementation of these standards across global markets.
The decision to make IVS publicly accessible reflects the IVSC’s commitment to promoting consistent valuation standards and enhancing their implementation worldwide. By providing free access to the most up-to-date standards, we aim to remove barriers and make it easier for valuation professionals, regulators, and other stakeholders to engage with and apply these standards in their work.
AGM 2024
IVSC board members, member and sponsor organisations, and all stakeholders of the valuation profession are invited to attend the IVSC's 2024 Annual General Meeting, taking place from?20-22 November?in the vibrant heart of Hong Kong. This is a key event on the global valuation calendar—a unique opportunity to connect, learn, and contribute to shaping the future of valuation.
Why Attend?
Don’t miss out on this opportunity to stay at the forefront of valuation trends, connect with leading professionals, and enjoy the vibrant atmosphere of one of the world’s most dynamic cities.
Find out more and register today!?We look forward to welcoming you to Hong Kong this November.
Business & Intangible Assets Valuation
The IVAS-IVSC Business Valuation Conference 2024, themed?‘Intangible Impact: Unlocking Business Value in the New Economy,’?took place on 28 August and attracted over 1,000 participants, including policymakers, business leaders, and valuation professionals. This year, the conference, jointly organised by the IVAS - Institute of Valuers and Appraisers, Singapore and the International Valuation Standards Council (IVSC), was held for the first time in conjunction with IP Week @ SG, in collaboration with the Intellectual Property Office of Singapore (IPOS) .
Guest-of-Honour Ms. Indranee Rajah, Minister in the Prime Minister’s Office and Second Minister for Finance and National Development, announced that IVAS will seek public feedback on proposed guidelines for valuing Intangible Assets (IA) in 2025. These guidelines, developed with leading international Valuation Professional Organisations (VPOs) and aligned with International Valuation Standards (IVS), aim to enhance the credibility of IA valuations.
The conference also spotlighted updates to the International Valuation Standards, effective 31 January 2025, which will address the integration of Environmental, Social, and Governance (ESG) factors in valuations, particularly those using Automated Valuation Models (AVM) and AI.
IVAS announced new initiatives, including a professional development course on the Intangibles Disclosure Framework (IDF) launching in late 2024, and a refreshed Chartered Valuer and Appraiser (CVA) Programme with ESG and IA content beginning in 2025.
Alternative Assets - Investment
The IVSC, in partnership with IVSC Member organisation 73 Strings , is pleased?to announce an upcoming webinar titled?"Evolving Valuation Landscape: Meeting the Demand for Speed and Frequency", scheduled for Thursday, 12 September 2024 at 14:00-15:30 BST. This free-to-join session offers a valuable opportunity to explore the rapidly shifting landscape of alternative assets valuation.
As the demand for more frequent and faster valuations grows, traditional practices are being challenged. Valuation professionals are increasingly being asked?to?adapt to the evolving needs of private capital markets. The webinar will explore several key topics:
The panel of experts joining this insightful discussion includes:
Don't miss this chance to gain insights from leading professionals in the field. This?webinar is free to join, with limited places available on a first-come, first-served basis. Secure your spot now and stay ahead in the evolving world of alternative assets valuation.
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IVS and the Law - Singapore
Join us for an insightful in-person workshop Demystifying Valuation:?Understanding Valuation Expertise and Standards for Legal Success!
We are delighted?to announce a joint in-person workshop organised by The Law Society of Singapore and the IVSC, focused on the important?role of valuations in the global financial landscape.
Valuations are integral to economic prosperity, impacting areas like financial reporting, mergers and acquisitions, financing, insurance, taxation, mortgage lending, and more. Their relevance to the legal community is undeniable, whether in litigation, contract provisions, restructuring, or insolvency matters.
The workshop will take?place from 14:30-16:45 (Singapore Time) on Tuesday?22 October. The workshop will be hosted in Singapore with venue details to follow.?
Programme outline:
Speakers include:
AGM 2025
We are delighted to announce that the IVSC, thanks to the support and collaboration of the Assessors and Registered Valuers Foundation (AaRVF) and the Royal Institution of Chartered Surveyors (RICS), will be hosting its 2025 Annual General Meeting (AGM), Advisory Forum and associated board meetings in New Delhi, India. The event will take place in week commencing 27th October 2025, marking the first time the IVSC has held its AGM in India.
India is home to a thriving valuation profession, and we are proud to have 16 member organisations based in this dynamic and rapidly growing market. The decision to host the AGM in New Delhi, with the active involvement of AaRVF and RICS, reflects the importance of the contributions made by Indian valuers and valuation professional organisations in promoting international standards and best practices within the global valuation community.
IVSC, AaRVF and RICS would like to extend an open invitation to any other organisations that would like to join us and help host and sponsor the AGM in 2025, to make contact to discuss options via email to:?[email protected]
We believe that this gathering will serve as a platform to celebrate the growth of the valuation profession in India and to highlight the crucial role Indian valuers play on the global stage.
Alongside the IVSC AGM the AaRVF and RICS will be holding an International Valuation Conference, and extend an open invitation to other organisations, in particular RVOs in India to get involved. If you are interested in discussing options please contact:?Saurabh Gupta ([email protected]) and Gurvinder Pal Singh Raina ([email protected])
Further details of the programme will be published soon, and we look forward to sharing more information about this important event in the coming months.
Latin America
The?upcoming V20 Summit and Conference is?set to take place in S?o Paulo, Brazil, from September 30 to October 2, 2024. Organised by the Instituto Brasileiro de Avalia??es e Perícias de Engenharia (IBAPE) in association with the International Valuation Standards Council (IVSC) and the Assessors and Registered Valuers Foundation (AaRVF) , this event will focus on "Valuation for Sustainability and Inclusive Growth: Bridging Finance and the Digital Divide."
The V20 Summit and Conference will bring together leaders, experts, and practitioners from the valuation profession globally to discuss advanced valuation practices, sustainable finance, digital inclusivity, and the integration of ESG considerations in valuation. Attendees will engage in panel discussions, expert presentations, and interactive sessions designed to foster collaboration and innovation in the field.
Key themes include sustainable infrastructure financing, transitioning to renewable energy, valuing intangible digital assets, and ensuring equitable economic benefits through strategic valuation practices. The event will provide an invaluable platform for sharing knowledge, building connections, and advancing the standards of valuation on a global scale.
We invite all interested parties to join us in S?o Paulo for this important event. For more details and to register, please visit the V20 website.
Africa
Join us for an exclusive webinar in partnership with the Ghana Institute of Surveyors on 4 September 2024 (6:30 PM Accra / 7:30 PM London / 9:30 PM Riyadh), where IVSC Chief Executive, Nicholas T. , IVSC Technical Director Alexander Aronsohn FRICS , IVSC Tangible Assets Board Member Paakow Winful , Partner at Valuation & Investment Associate Emmanuel Kofi Cobbold , and Fellow of the GhIS Dr. Benjamin A. Quaye , will break down the key changes to the International Valuation Standards (IVS) and their impact on valuation best practices worldwide.
With updates effective from 31 January 2025, this session is essential for staying ahead in the field for audiences in the EMEA region. Don’t miss out—register now for this free webinar with GhIS and IVSC!
New members
The IVSC is pleased to welcome the following member organisations, as proposed last month:
The following applications were approved by the Membership Committee and are proposed for membership:
If you have any comments regarding proposed members, please provide them by emailing us within 2 weeks via?[email protected] The IVSC's member and sponsor network includes more than 200?organisations, including the leading Valuation Professional Organisations (VPOs); valuation service providers; government and regulatory bodies; academic institutions; and the users of valuation professional services.
If you are interested in finding out more about joining the IVSC and supporting the development of international standards and the global valuation profession then please get in touch via email.?
Dates for your diary
Find out more about the major valuation events and conferences taking place around the world and register by clicking the links.
30 Aug - 02 Oct: Real Value Conference (RVC), Kolkata, India?
04 Sept: GhIS-IVSC International Valuation Standards Update, free webinar
04-06 Sept: ICSI?Middle East Conference, Abu Dhabi
06-07 Sept: ANEVAR?Summit and WAVO Conference,?Bucharest
09-11 Sept:?12th International Real Estate Research Symposium (IRERS 2024),?Malaysia
30 Sept - 2?Oct: V20 Summit and Conference, S?o Paulo, Brazil
22 Oct:?IVSC-The Law Society of Singapore,?Demystifying Valuation: Understanding Valuation Expertise and Standards for Legal Success, in-person tbc
20-22 Nov: IVSC AGM 2024, Dorsett Kai Tak,?Hong Kong
28 Nov: APIEx?Symposium 2024, Singapore
05-06 Dec:?EACVA Annual Business Valuation Conference, Dusseldorf, Germany
05-07 Dec: 55th Indian Valuers Congress, Kochi, India
27-30?Oct 2025: IVSC AGM, New Delhi?
Does your organisation have a valuation event coming up? To list it here please email details to [email protected]
Student at Islamic University
6 个月Exciting!