International Valuation Standards Council

The central task of the International Valuation Standards Committee ( IVSC ) is the development and publication of international valuation standards and the formulation of procedures for conducting assessments of assets of any kind for accounting purposes.

The second objective is the harmonization of valuation standards of different countries and, where the notice of differences in the valuation standards of individual organizations. At present there is no legal obligation to follow the recommendations of the IVSC.

The organization was founded in 1981 by an agreement by national associations of valuation professionals. Meanwhile, more than 50 countries are represented in the IVSC. The IVSC was registered in 2004 in the United States as a " not-for -profit organization"; the operationally active management sits in London.

The IVSC is a member of the non-governmental organization of the United Nations. It collaborates with international organizations such as the OECD, the World Bank, the International Monetary Fund, the WHO, the European Commission, the BIS, the IFAC and the IASB.

The IVSC publishes since 1985 the International Valuation Standards ( IVS). In 2007, the 8th edition was published. The standards include principles for the valuation of real property, installations, businesses, intangible assets and property in the extractive industries. The newest IVS 2011 Standard is valid since 30 March 2012.

German members of the IVSC are the Association of German Pfandbrief Banks and the Federal Association of Real Estate Investment Expert eV ( BIIS ).

The IVSC is planning a fundamental restructuring of its own activities. To this end, a comprehensive restructuring plan for public comment was published in January 2007. For the process of restructuring an ambitious schedule is provided.