Ivs Adoption: What Does It Mean? An Example From The Netherlands

The International Valuation Standards Council IVSC is a not-for-profit organization that acts as the global standard-setter for the valuation profession, serving the public interest. The IVSC is unique in the role it plays as a valuation standard setter. It is not a valuation trade body. The IVSC is a leader in the mission to raise standards of international valuation practice and is overseen by an independent board of global leaders. Its core objectives are to: Develop high-quality International Valuation Standards IVS which ensure consistency, transparency and confidence in valuations throughout the world and Encourage the adoption of IVS, along with valuation professionalism provided by Valuation Professional Organization VPO’s throughout the world The IVSC facilitates collaboration and cooperation among its member organizations, who are valuation service providers, financial services businesses, regulators, international bodies and academic institutions. The IVSC consists of more than 130 member organizations from around the world and is supported by numerous sponsors who are leaders in the valuation profession. At the IVSC meeting 2018 the Netherlands Register for Certified Valuers NRVT NL shared its experience about the Adoption of the IVS in the Netherlands (NL) with the IVSC Membership and Standards Recognition Board MSRB as well as with the Valuation Advisory Forum VAF. NRVT NL has been asked by the Chairman of the VAF to produce a document which could be shared with other IVSC (potential) members. The paper discusses Netherlands Register for Certified Valuers, How it started, where does it stand, the organization structure, compliance with international standards, continuing audit system and finally adoption of IVS as a multi-stage process.