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IACVS requires each Charter to adopt professional standards in order to provide guidance to each Associate Member. In addition to following the laws and regulations adopted by each country, Associate Members are expected to follow basic standards concerning independence and objectivity in all their professional activities. Each Charter adopts the IACVS Professional Standards to govern the professional activities of its Associate Members.
In addition, IACVS encourages the adoption of the IVS professional standards issued by the International Valuation Standards Committee (IVSC) for the valuation of intangible assets and intellectual properties. The IVS standards, in conjunction with the International Accounting Standards Board (IASB/IFRS) and Financial Accounting Standards Board (FASB-US) are required for valuations used for financial reporting in most countries of the world.
IACVS Professional Standards are updated whenever changes in best practices warrant adjustment. For more information on professional standards, please go to the IACVABookstore(IACVABookstore.org) for the latest version. For more inquiries, please contact email@example.com.
The following are IACVS Proposed Standards