The International Valuation Standards Council
The International Valuation Standards Council (IVSC) sets the global standard for valuation practice and annually releases a set of valuation guidelines in an attempt to ensure consistency and quality amongst all valuers internationally. In an attempt to better professional valuation standards in Australia, the AVI has partnered with the IVSC. All members are subsequently expected to adhere to the IVSC 2017 guidelines in all valuation services that they provide.
Through partnership with the IVSC, the AVI has been provided with a forum with the objective of advising the IVSC Boards on all decisions and priorities. The IVSC is a distinguished membership organisation and is open to a wide range of stakeholders including professional institutes, valuation providers, standard setters, regulators of valuation services and academia. The IVSC is currently internationally renowned and has 75 member bodies from 54 countries.
A number of leading global organisations share the belief that raising standards of international valuation practice benefits the capital markets, contributes to the growth of strong economies around the world and leads to improved confidence of investors and users of valuation services.
The objectives of the IVSC are to strengthen the worldwide valuation profession by:
- Developing high quality international standards and supporting their adoption and use;
- Facilitating collaboration and cooperation among its member organisations;
- Collaborating and cooperating with other international organisations; and
- Serving as the international voice for the valuation profession