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.
Purpose of the Consultation
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.
Key Themes
The Agenda Consultation document highlights several key themes for consideration:
- Environmental, Social, and Governance (ESG): Recognising the growing importance of ESG factors in valuation, this topic explores how these elements impact valuation processes and the need for additional standards.
- Technology in Valuation: With rapid technological advancements affecting valuation practices, this theme focuses on the incorporation of technologies such as machine learning, data processing, and automated valuation models.
- Valuation Risk: Addressing the management of valuation risk, this theme emphasises the procedures and controls necessary to ensure that valuations are appropriate for their intended use.
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.
Duration and Participation
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.
How to Respond
Stakeholders can respond to the consultation by scanning or clicking on the QR code provided at the end of the consultation document. All feedback will be considered by the IVSC Technical Boards as they develop future work programmes. A summary of the consultation responses will be published upon the conclusion of the consultation period.
For more details and to access the consultation document, please visit the IVSC website.
Contact Information
For any queries related to the Agenda Consultation 2024, please contact the IVSC at:
- Email: [email protected]
- Address: 20 St Dunstan’s Hill, London, EC3R 8HL, UK
The IVSC looks forward to the active participation of its stakeholders in this critical process, ensuring that the International Valuation Standards continue to meet the evolving needs of the global valuation profession.