The International Valuation Standards Council (IVSC) welcomes the statement issued today by the International Organization of Securities Commissions (IOSCO) highlighting the importance of consistent, high-quality valuation information in financial statements to support investor confidence and market integrity – IOSCO is the international body that brings together the world’s securities regulators and is recognised as the global standard setter for financial markets regulation.
Valuation underpins the credibility of financial statements across key areas such as fair value measurement, impairment testing, and the recognition of assets and liabilities.
The IVSC strongly supports IOSCO’s emphasis on the need for robust, transparent, and well-governed auditable valuation processes to ensure that investors can rely on the information presented in financial reports across global capital markets.
As the independent, not-for-profit organisation responsible for developing and maintaining the International Valuation Standards (IVS), the IVSC has worked closely with IOSCO for several years to promote high-quality valuation practices in the public interest. In 2022, IOSCO and the IVSC entered into a Statement of Cooperation, establishing a framework for collaboration aimed at improving the quality, consistency, and international comparability of valuations.
Most recently, Mrs Lim Hwee Hua, Chair of the IVSC Board of Trustees, and Mr Jean-Paul Servais, Chair of IOSCO, jointly hosted a high-level valuation roundtable in September 2025. The roundtable brought together senior representatives from securities regulators as well as the Chairs of the International Accounting Standards Board (IASB), the International Auditing and Assurance Standards Board (IAASB), and the International Forum of Independent Audit Regulators (IFIAR), alongside the leaders of major investor groups, valuation providers, and valuation professional organisations. This dialogue built upon the earlier IVSC–IOSCO roundtable in March 2022 and subsequent work of the IOSCO-IVSC Valuation Working Group, discussing the challenges in developing quality valuations to support financial statement reporting, as well as potential solutions to respond to those challenges. The dialogue included the perspectives of financial statement preparers, professional valuers, the audit community, as well as key regulatory and standard setter observations. The discussions highlighted a number of areas in which valuation quality, professionalism, and alignment with financial reporting standards can be further strengthened.
The IVSC welcomes IOSCO’s recognition that strengthening the alignment between IVS and IFRS Accounting Standards will enhance the credibility and utility of financial statements. The IVS provide a globally accepted, principles-based framework for valuation that supports consistency, transparency, and professional judgement.
”We strongly welcome IOSCO’s focus on the importance of high-quality valuation information in financial reporting. Valuation sits at the heart of reliable financial statements and investor trust. With IFRS applied in over 140 countries, strengthening the link between IVSs and IFRSs for fair value measurement will further enhance financial reporting and provide greater confidence to the investor community. We agree that consistent, high-quality professionalism is also crucial – IVSC has defined key components of this, and we call on the valuation profession in each country to take this opportunity to ensure that standards of quality and competence remain at the highest level. Through our ongoing collaboration with IOSCO, and regular engagement with global standard setters such as the IASB, IAASB, and IFIAR, we remain committed to ensuring that the International Valuation Standards provide a consistent, globally recognised foundation for credible and transparent valuations in the public interest.
Nicholas TalbotIVSC Chief Executive Officer
Next steps
Building on this collaboration, the IVSC will shortly establish a dedicated Financial Reporting Project Group involving representatives of its standards boards and global leaders in valuation and financial reporting. The group will advise the IVSC technical boards on the development of a dedicated section within IVSs to support valuers who perform valuations for financial reporting purposes. (IVS for other valuation purposes will remain unchanged).
As part of this initiative, the IVSC will continue to receive input from IOSCO, IFIAR, IASB and IAASB.
This new section of IVSs will be of direct relevance to valuation professionals undertaking valuations for financial reporting, financial statement preparers in understanding valuation requirements and the competence of valuers, and the audit community in ensuring the auditability and reliability of valuations.
The IVSC looks forward to continuing its close engagement with IOSCO and with regulators, auditors, and the valuation profession worldwide to advance the shared goal of high-quality valuations that underpin confidence in financial markets.