Regulating Fair Value – Session Information

23 October 2026

IVSC Valuation Webinar Series 2026, Sponsored by Kroll – Audience Information

Sponsored byKroll
Session 2 of 5IVSC Valuation Webinar Series 2026

Regulating Fair Value

Lessons in strengthening valuation oversight

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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

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Photograph of Edwina Tam
Moderator

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.

Full profile at Kroll
Photograph of Chua Ai Leng, CVA

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.

Photograph of Doug McPhee, CA, FCBV

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.

Photograph of Rika Suzuki

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.

01of 05
Independence

What frameworks protect a valuer’s independence under commercial pressure?

Previous
02of 05
Self-regulation

Has self-regulation fallen short enough to warrant external regulation, and at what cost?

03of 05
Terminal value

Should perpetuity assumptions in Level 3 values be tested against business survival data?

04of 05
Effective oversight

What does effective valuation oversight look like in practice, and how does it differ from one market to the next?

05of 05
Unreliable evidence

How should fair value be evidenced where transaction data is unreliable?

Add yours using Q&A

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.

1,414registrants
119countries and territories
940+organisations represented
88investor organisations

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.

54 in every 100Valuation providersValuation, transaction and real estate advisers who carry out valuations
26 in every 100Users of valuationsPrivate capital managers, asset owners, banks and companies who rely on valuations
15 in every 100Oversight and standardsRegulators, tax authorities, public bodies and standard setters
5 in every 100Data, fund services and lawSpecialist firms supporting the valuation process

A closer look

Registrants by type of organisation, coloured by group.

Valuation and transaction advisers334
Real estate valuers and advisers74
Private capital managers 49 firms59
Asset owners, allocators and managers 39 organisations52
Corporates46
Banks and lenders 31 institutions39
Regulators, tax authorities and standard setters116
Data, fund services and law37
Investor lens

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.

33%Asia-Pacific472 registrants31%Europe432 registrants14%Africa200 registrants11%North America153 registrants7%Latin America & Caribbean93 registrants5%Middle East64 registrants
Top countriesAustralia 166United Kingdom 137United States 121India 74Singapore 64Nigeria 61

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.

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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.

Session 1Mon 2 Nov · 17:00–18:00 GMTValuing Global SportsRegister
Session 2Wed 4 Nov · 10:00–11:00 GMTRegulating Fair ValueYou are here
Session 3Fri 6 Nov · 15:00–16:00 GMTBeyond Efficiency: AI and How We ValueRegister
Session 4Tue 10 Nov · 15:00–16:00 GMTThe Forces Reshaping ValueRegister
Session 5Thu 12 Nov · 17:00–18:00 GMTWhen Private Markets Go DailyRegister
View the full series on ivsc.org

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.

Register for session 3
IVSCInternational Valuation Standards Council · ivsc.orgSponsored byKroll
There are more than 170 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.

There are more than 200 member organisations
of the IVSC, operating in 137 countries worldwide. Join them.

Become part of a global network working to enhance valuation standards and professionalism.