THIRD AND FINAL EXPOSURE DRAFT: REVISIONS TO PRACTICE STANDARDS NO 100, 110, 120 AND 130 – INDEPENDENT VALUATION CONCLUSIONS AND VALUATION REPORTS
December 17, 2024
This Exposure Draft concerning proposed revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment. This is the third Exposure Draft on this topic and is an update to the Exposure Draft dated June 29, 2022. This Exposure Draft contains proposed changes which impact all valuation conclusions and reports, including Calculation Valuation Reports.
DEADLINE FOR COMMENTS
Comments must be received by April 30, 2025, to be considered. See Exposure Draft for information on how to submit comments via survey or email.
OTHER DOCUMENTS FOR FURTHER REVIEW
Practice Standard No. 100 (NEW) | Proposed Clean | |
Practice Standard No. 110 | Proposed Clean | Redline Version |
Practice Standard No. 120 | Proposed Clean | Redline Version |
Practice Standard No. 130 | Proposed Clean | Redline Version |
Practice Bulletin No. 3 | Proposed Clean | Redline Version |
Previous Exposure Drafts
REVISIONS TO PRACTICE BULLETIN NO. 5
April 17, 2024
CBV Institute is seeking comments on revisions to Practice Bulletin No. 5 (PB5). PB5 has been revised to expand guidance on situations where reporting standards are not intended to apply. We welcome feedback from all stakeholders until June 7, 2024.
The revised PB5 (renamed Guidance as to when reporting standards are not intended to apply) does not change any of the standards or their interpretation. It simply clarifies existing practice and provides expanded guidance on several areas, particularly those work products commonly referred to as ‘illustrative pricing analysis’.
DEADLINE FOR COMMENTS
Comments must be received by June 7, 2024, to be considered.
Please submit your comments to Catalina Miranda, Vice President, Regulatory and Standards, at catalina.miranda@cbvinstitute.com, with the subject line “2024 Revisions to Practice Bulletin No.5”.
Catalina Miranda, CPA, CA, CBV
Vice President, Regulatory and Standards
(416) 613-0300
catalina.miranda@cbvinstitute.com
MATERIALS AND ATTACHMENTS
ADOPTION OF IVS AS OPTIONAL USE PRACTICE STANDARDS
December 21, 2022
This Exposure Draft proposes the adoption and permitted (optional) use of the International Valuation Standards (IVS) as issued by the International Valuation Standards Council (IVSC) for independent valuation engagements which would otherwise be performed in accordance with CBV Institute Practice Standards Nos. 100, 110, 120 and 130. For clarity, IVS would be adopted as an option alongside, rather than replacing, Practice Standards Nos. 100, 110, 120 and 130.
DEADLINE FOR COMMENTS
Comments must be received by March 31, 2023, to be considered. Please email comments to:
Catalina Miranda, CPA, CA, CBV
Vice President, Regulatory and Standards
(416) 613-0300
catalina.miranda@cbvinstitute.com
Materials and Attachments
IVS effective January 31, 2022
Proposed Practice Standard No. 100
Catalina Miranda, Vice President, Regulatory and Standards for CBV Institute, summarizes the changes that are being proposed.
REVISIONS TO PRACTICE STANDARDS NOS. 110, 120, 130 - INDEPENDENT VALUATION CONCLUSIONS AND VALUATION REPORTS
June 29, 2022
This Re-exposure Draft concerning proposed revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment. This is the second exposure draft on this topic and is an update to the exposure draft dated June 3, 2021. This Re-exposure Draft contains proposed changes which impact all valuation conclusions and reports, including Calculation Valuation Reports.
DEADLINE FOR COMMENTS
Comments must be received by September 30, 2022, to be considered. See Re-exposure Draft for information on how to submit comments via survey or email.
OTHER DOCUMENTS FOR FURTHER REVIEW
Practice Standard No. 100 | Proposed Clean | |
Practice Standard No. 110 | Redline version | Proposed revised |
Practice Standard No. 120 | Redline version | Proposed revised |
Practice Standard No. 130 | Redline version | Proposed revised |
Practice Bulletin No. 3 | Redline version | Proposed revised |
June 3, 2021
This Exposure Draft concerning revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment. The Exposure Draft contains proposed changes which impact Calculation Valuation Reports, as well as other targeted improvements. The Standards may be modified in light of the comments received.
DEADLINE FOR COMMENTS
Comments must be received by September 30, 2021, to be considered. Email comments are preferred, addressed to:
Catalina Miranda, CPA, CA, CBV
Director, Professional Practice
(416) 613-0300
catalina.miranda@cbvinstitute.com
OTHER DOCUMENTS FOR FURTHER REVIEW
Practice Standard No. 110 | Redline version | Proposed revised |
Practice Standard No. 120 | Redline version | Proposed revised |
Practice Standard No. 130 | Redline version | Proposed revised |
Practice Bulletin No. 3 | Redline version | Proposed revised |
Catalina Miranda, Director of Professional Practice for CBV Institute, summarizes the major changes to standards which are being proposed.