INDONESIA

Organisation Name: Masyarakat Profesi Penilai (MAAPI) (Indonesian Society of Appraisers)

IVSC Member:  Yes

Do members have to follow IVS? No

Does organisation issue its own standards? Yes

Do these, include, replace, or extend IVS ? No

Additional Information: The Indonesian Assessment Standards Committee (KPSPI), established by MAPPI, is responsible for drafting valuation standards in Indonesia. The standards uses references from other international valuation standards.

MAPPI has 4 levels of membership (Affiliate, Associate, Accredited and Certified Member) with only a Certified Member being eligible to issue valuation reports.