A GLOBAL VALUATION PROFESSION
On September 19, 2023, CBV Institute incorporated and adopted the International Valuation Standards (IVS) as part of its standards. IVS, which are developed and issued by the International Valuation Standards Council (IVSC), are standards for undertaking valuation assignments using generally recognised concepts and principles that promote transparency and consistency in valuation practice. IVS do not replace, but rather are incorporated as an option, alongside CBV Institute’s existing valuation Practice Standards for valuation engagements (Standards 110, 120, and 130). CBV Institute’s decision to formally adopt IVS comes after a significant and multi-year stakeholder consultation process, and follows decades of leadership by CBV Institute in the development of the international standards.
While the use of IVS is not mandatory for CBVs, it signals CBV Institute’s commitment to a strong global valuation profession by making IVS acceptable for use in Canada. The adoption and use of IVS provides CBVs the flexibility to choose between the international standards and CBV Institute’s existing, world-class valuation standards, based on the unique needs of their clients. CBVs increasingly provide valuation services for clients outside the Canadian marketplace, and use of IVS is expected to elevate the global reach of the CBV profession.
Application and use of IVS, or any other set of valuation standards, must be done by a qualified valuator, with appropriate experience and training, as well as professional judgement. As such, IVS do not replace the need for professional business valuation education, training, and accreditation.
PRACTICE STANDARDS & IVS
Click here to access the Practice Standards, including the latest version of IVS.
Members of the general public can access IVS by emailing contact@ivsc.org. Please include CBV Institute / IVS in the subject line.
FREQUENTLY ASKED QUESTIONS
Click here to access a document which addresses a number of questions CBVs or Registered Students may have about this standard change.
IVS COURSE BY CBV INSTITUTE – REGISTER NOW
This is a custom course designed and created by CBVs for CBVs. It covers what CBVs and Registered Students should understand to complete IVS compliant valuations. Through a CBV lens, this course is also a helpful tool for other valuation professionals and organizations interested in learning more about IVS.
BRIDGE GUIDE TO IVS
A reference guide, co-published by CBV Institute and IVSC, laying out differences and areas of alignment between CBV Institute Practice Standards and IVS. It provides a touchpoint for those who choose to follow, or are required to follow, both sets of standards. This guide may be useful to other standard setters and members of other valuation professional organizations.
INTRODUCTION TO IVS
This is a high-level IVS introduction for CBVs, Registered Students and Canadian-based international groups or organizations.
HOME OF IVS
A video introduction to IVSC’s mission to raise the standards of international valuation practice, for the benefit of capital markets and the public interest.