AUSTRALIA


Organisation Name: Australian Property Institute (API)

IVSC Member:  Yes

Do members have to follow IVS? No

Does organisation issue its own standards? Yes

Do these, include, replace, or extend IVS ? Yes

Additional Information: The API issues the Australia and New Zealand Valuation and Property Standards (ANZVPS) in conjunction with the Property Institute of New Zealand (PINZ). These include the IVS, with additional material relevant to the application of the IVS in the respective markets.


Organisation Name: Australian Valuers Institute

IVSC Member:  Yes

Do members have to follow IVS?No

Does organisation issue its own standards? No

Do these, include, replace, or extend IVS ? n/a

Additional Information: 


Organisation Name: Chartered Accountants Australia and New Zealand (CAANZ)

IVSC Member:  No

Do members have to follow IVS? No

Does organisation issue its own standards? No

Do these, include, replace, or extend IVS ? n/a

Additional Information: Business Valuation engagements in Australia are governed by APES 225 – Valuation services. Revised 2019, set by the Accounting Professional and Ethical Standards Board (APESB)