New IVS Review
In July 2019 the IVSC issued the latest version of the International Valuation Standards.
The most significant changes to the existing standards include the introduction of mandatory requirements for valuers using a Discounted Cash Flow method and for real estate valuers undertaking valuations of development property. There is also a completely new standard on "Non-Financial Liabilities"
The new standards do not contain either a summary of the changes or an explanation of the Board's consideration of comments received on the Exposure Drafts. To help valuers and others with the changes we have produced our own review which includes our own comments and observations.
If you are a member of a member organisation of IVSC, such as RICS, you should be able to access the new standards through your organisation’s website, or else you can download from the IVSC's website once you have subscribed at a cost of £80 per annum for a single user.