Regulating Fair Value
Lessons in strengthening valuation oversight
Wed 4 Nov 2026 · 10:00–11:00 UK
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The session
About this session
Confidence in fair value rests on more than sound methodology. It depends on effective oversight. As scrutiny intensifies around private markets and other hard-to-value assets, where market values are not always readily observable and valuation outcomes can significantly influence decision-making, regulators and standard setters are asking whether existing safeguards are sufficient to promote transparency, consistency and confidence.
Yet what effective oversight looks like differs from one market to the next, shaped by how far each has developed the regulation, professional bodies and means of enforcement that give standards effect. Bringing together perspectives from markets at different stages of development, this session explores how oversight can be strengthened without diminishing the professional judgement that underpins good practice, and how independence, transparency and consistent standards can reinforce trust.
Speakers
Meet the panel
Select a speaker to read their profile.
Edwina Tam
Managing Director, Valuation Services
Kroll
Edwina is a Managing Director in Kroll’s Valuation Services practice in Hong Kong, with over 20 years’ international experience in business and intangible-asset valuation, M&A, financial reporting, tax reorganisation and litigation support, with a particular focus on the Greater China region.
She is a CPA, CA, a certified member of the Chartered Business Valuators Institute and a member of the American Society of Appraisers, and she sits on the IVSC Business Valuation Board.
Chua Ai Leng, CVA
Council Member
Institute of Valuers and Appraisers of Singapore (IVAS)
Chua Ai Leng is a Council Member of the Institute of Valuers and Appraisers of Singapore (IVAS) and a Partner in Valuation, Modeling & Economics at EY-Parthenon (Ernst & Young Solutions LLP) in Singapore. She has extensive experience valuing companies, employee stock compensation and intangible assets for financial reporting, tax, M&A and litigation support, and has advised clients across hospitality and tourism, telecommunications, infrastructure and technology on cross-border deals in Southeast Asia and the US.
Her work spans pre- and post-deal purchase price allocation, financial model reviews, impairment assessments, and market and pricing analyses. She is a Chartered Accountant of Singapore and a Chartered Valuer and Appraiser (CVA), and holds a Bachelor of Accountancy from Nanyang Technological University.
Doug McPhee, CA, FCBV
Senior Director, Head of Valuations
Public Investment Fund (PIF)
Doug McPhee is Senior Director, Head of Valuations at the Public Investment Fund (PIF). Prior to joining PIF, Doug was a Corporate Finance Partner and Global Valuation Leader for KPMG.
He was a Panel Member at the UK’s Financial Reporting Council (FRC) from 2016 to 2022 and Vice Chair of the CBV Institute Board of Directors from 2017 to 2020.
Rika Suzuki
Member
International Accounting Standards Board (IASB)
Rika Suzuki joined as a member of the International Accounting Standards Board on 1 July 2019. In June 2023 she was reappointed to serve a second five-year term starting 1 July 2024.
Prior to joining the IASB she was the IFRS Leader and Assurance Partner of PwC Aarata LLC in Japan, where she provided advice on accounting and reporting issues under IFRS Accounting Standards, Japanese GAAP and US GAAP. She also supervised the transition to and application by large multinationals and other listed companies of IFRS Accounting Standards.
Ms Suzuki was a member of the Accounting Standards Board of Japan (ASBJ)’s Special Committee for IFRS Implementation, and chaired the Japanese Institute of Certified Public Accountants (JICPA)’s Working Groups for Japan’s Modified International Standards (JMIS) and Revenue Recognition. She holds a Master’s degree from Hitotsubashi University Graduate School of International Corporate Strategy and a Bachelor’s degree in law from Keio University.
Your questions
Questions from the audience
A selection of the questions submitted at registration. Post your own during the session using the Q&A button on your screen.
What frameworks protect a valuer’s independence under commercial pressure?
Has self-regulation fallen short enough to warrant external regulation, and at what cost?
Should perpetuity assumptions in Level 3 values be tested against business survival data?
What does effective valuation oversight look like in practice, and how does it differ from one market to the next?
How should fair value be evidenced where transaction data is unreliable?
Audience
Today’s audience
A senior, international audience with finance at its core. Around 11% of registrants come from an investor, asset manager or bank, joined by the advisers, auditors, regulators and standard setters who oversee fair value.
Who is in the room
The whole valuation ecosystem, from the people who carry out valuations to those who rely on them and oversee them. Each square is one in every 100 registrants whose organisation could be classified.
A closer look
Registrants by type of organisation, coloured by group.
111 registrants from 88 investor organisations, plus 39 from 31 banks and lenders. Investor registrants are largely valuation, fund finance and risk leads.
Where they are joining from
Registrants from 119 countries and territories, by region. Circle size reflects the number of registrants.
Based on registrations as at 30 October 2026. Organisation categories are IVSC classifications of self-reported registration data and are indicative; the groups above cover the 757 registrants whose organisation could be classified. No organisation or individual is named.
Your feedback
Tell us what you thought
Your feedback helps us to refine and improve IVSC’s thought leadership and this annual webinar series. We would be very grateful if you could take a moment to complete our survey on today’s session.
Resources
Further reading
Resources to explore after the session.
IVSC Valuation Webinar Series 2026
Five sessions, 2 to 12 November
Register for the other sessions in the series. Registering also gives you access to the on-demand recordings.
Next in the series
Beyond Efficiency: AI and How We Value
Fri 6 Nov 2026 · 15:00–16:00 UK. Registration is free, and everyone who registers gains access to the on-demand recording.