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ORDER IVS 2007

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THE INTERNATIONAL VALUATION STANDARDS

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IVS 2007 | Exposure Drafts | Discussion Papers | Guidance Notes | Papers & Presentations

INTERNATIONAL VALUATION STANDARDS 2007

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OTHER PUBLICATIONS

March 2010spacer

IVSC Annual Report, 2008-2009 (pdf)


EXPOSURE DRAFTS

19 July 2010

Proposed Code of Ethics for Professional Valuers (511kb pdf). Comment period closes 30 September 2010.

10 June 2010

- Proposed New International Valuation Standards (840kb pdf). Comment period closes 3 September 2010.
- Overview and Questions for Respondents (280kb pdf)

See comments

Proposed Guidance Note: The Valuation of Investment Property under Construction (pdf)

28 Sept 2009

IVSC responds to IASB Fair Value Measurement Exposure Draft (pdf)

See comments

Revised International Valuation Guidance Note No. 4 — Valuation of Intangible Assets (pdf). Comment period closed 30 April 2009.

See commentsspacer

Proposed new International Valuation Guidance Note No. 16 — Valuation of Intangible Assets for IFRS Reporting Purposes (pdf). Comment period closed 30 April 2009.


DISCUSSION PAPERS

19 July 2010

Definition of a Professional Valuer (545kb pdf). Comment period closes 30 September 2010.

Comment period closed: SEE COMMENTS

Discussion Paper: Determination of Fair Value of Intangible Assets for IFRS Reporting Purposes. This Discussion Paper is published by the International Valuation Standards Committee (IVSC) for comment only (pdf; 2007-August)
PLEASE NOTE: Downloads PRIOR to 25-Nov-2007 have an error on p46: Table 6.68 - the fair return on contributory asset of net current assets should be 4.5%, not 34.5%. This has been corrected in the current version of this paper.

Comment period closed

Review of the International Valuation Standards. A Report of the International Valuation Standards Committee’s Critical Review Group issued for comment (pdf; 2007-July)

Discussion Paper: Measurement Bases for Financial Accounting - Measurement on Initial Recognition (pdf; 2006-May)


GUIDANCE NOTES

March 2010

Guidance Note 4: The Valuation of Intangible Assets (pdf)

February 2010 spacer

Guidance Note 17: The Valuation of Investment Property under Construction (pdf)


PAPERS, SPEECHES & PRESENTATIONS

WHITE PAPERS/POSITION STATEMENTS:
White Papers and Position Statements are issued by the IVSC to provide broad interpretations, highlight specific disclosures and commentary about current or special issues, and issues that may be in flux. They may also act an interim measure prior to issuance of a valuation application or guidance note by IVSC. White Papers are not subject to a formal exposure process. However the IVSC welcomes comments on any aspect of these published papers, in particular whether there is a need to develop the paper into more formal guidance.

January 2009

The Valuation of Investment Property under Construction under IAS 40, IVSC Interim Position Statement

June 2006

The Valuation of Real Estate Serving as Collateral for Securitised Instruments, IVSC White Paper

 

RESEARCH & INFORMATION PAPERS:
Toward promoting awareness of ongoing developments in the valuation profession, IVSC publishes research and information papers so as to disseminate the results of recent research on valuation issues. The findings and conclusions expressed in these papers are those of the authors of the papers and do not necessarily reflect the viewpoint of the IVSC, its member associations, or delegates. The authors of the papers are identified and should be cited in any reference thereto.

NEW! China Appraisal Society Notice No. 7 regarding: “Guidance on Propelling Appraisal Firms to Become Bigger, Stronger and More Excellent” by the Ministry of Finance, January 2010. This is an English translation of the article originally published on the website of the China Appraisal Society (www.cas.org.cn) on 15 January 2010.
The IVSC: the challenge of developing global valuation standards” by Carlos Arenillas Lorente. This is an English translation of the article originally published in the Quarterly Bulletin (2009) of the Spanish Securities and Exchange Commission (CNMV)
Value: Fair or Foul?” by Chris Thorne, chair, International Valuation Standards Board, article published in the newsletter of the European Public Real Estate Association (EPRA), March 2009. EPRA website
The Fair Value Debate: from accounting utopia to financial realism” by Jean-Florent Rerolle, member International Valuation Professional Board. Original published in French in the Revue Trimestrielle de Droit Financier no 4 2008, and reproduced here with permission.
Implementation of Basel II in the EU (CRD)/ Property Valuation” by Raymond Trotz, October 2006
Basel II – Implications for Property Valuers” by Raymond Trotz, July 2006
Valuation Accuracy in Real Estate Indices: The Case of the ROZ/IPD Netherlands Property Index Compared to the IPD UK Index and the NCREIF USA Index” by Aart Hordijk, March 2005

PAPERS on IVS- and IVSC-RELATED TOPICS:
Issued by IVSC on topics of interest
Comment on “Determining Fair ValueWhen the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (FSP FAS 157-4) by IVSC, 17 April 2009
Comment on the role of valuation standards during the financial crisis and the work of the Financial Crisis Advisory Group (“FCAG”) by IVSC, 17 April 2009
Comment on proposed FASB Staff Position “Determining Whether a Market Is Not Active and a Transaction Is Not Distressed” (FSP FAS 157-e) by IVSB, 31 March 2009
Valuation Under International Financial Reporting Standards” issued by the IVSC, 26 March 2007
Property Valuations for Company Balance Sheets, Following the Adoption of IFRS” by Elvin Fernandez, presented at 56th FIABCI World Real Estate Congress, Athens, Greece, 30 May– 4 June 2005.
Key to Success: a Profession Speaking with a United Voice” by Joe Vella, from Canadian Appraiser, Vol 49:1 (2005), pp. 30-33

PRESENTATIONS:
Valuation Standards: Are We Doing It Right?” Presentation and paper by Chris Thorne, FRICS, FCIArb, Vice Chairman, IVSC Standards Board at the 5th International Conference on the Valuation of Plant, Machinery and Equipment; London, UK, 1-3 October 2007
Resource Codification, Valuation Standards, and Sustainable Development.” Presentation by Trevor R. Ellis, leader IVSC, Extractive Industries Task Force to meeting of UNECE’s Ad Hoc Group of Experts on Harmonization of Reserves and Resources Terminology; Geneva, Switzerland, 9-11 November 2005

TECHNICAL PAPERS:
Technical papers issued by the IVSC address specialised topics outside the purview of the International Valuation Standards and do not form part of those Standards. They are based on study of the best practices and most effective methods for dealing with the issues being addressed. Compliance with the procedures discussed in the technical paper is not considered mandatory.
Mass Appraisal For Property Taxation, IVSC Technical Paper, March 2005



 


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