IVSC 2028 Consultation Draft Launched
The IVSC has issued a consultation draft on proposed changes to the International Valuation Standards (IVS). The revised standards are due to be published early next year, with an “effective date” in January 2028, although in practice when they become effective is a matter for those adopting them.
The main changes proposed are:
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A new IVS 107 on Quality Controls – this replaces the section on Quality Control in the current IVS 100.
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The IVS 200 series on businesses and business assets have been rewritten to give instructions to valuers rather than discuss concepts.
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IVS 410 Development Property has been merged with IVS 400 Real Estate.
There are many changes in the detailed wording in some of the other standards.
See our draft detailed responses to the consultation on these links:
There are some changes we agree with, some we do not agree with and some that we believe should have been made but have not. Have a look and decide what you think.
Comments are required before 30 April 2026
You can access the Exposure Draft and associated documents via the links below:
Key Issues we believe need to be addressed in the proposed standards are:
Who are the standards for?
Assumptions and special assumptions
Compliance with Standards
Relationship between General and Asset Standards
While the IVSC has issued a list of consultation questions, this in the form of a PDF document, with no space for answers. To assist those who need to collaborate with colleagues in preparing a response we have produced a Word document with the IVSC’s questions and provision beneath each for your answer. Please feel free to download.
