The International Valuation Standards


This publication is translated by the Valuation & Modeling team at Deloitte Albania under the direction of Ing. Anton Lezhja, ASA, MRICS

Valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity.

The International Valuation Standards (IVSs) are international standards that consist of various actions required during the undertaking of a valuation assignment supported by technical information and guidance.

The objective of the IVSs is to increase the confidence and trust of users of valuation services by establishing transparent and consistent valuation procedures.

The International Valuation Standards (IVSs) contain five different types of pronouncement.

  • The IVS Framework contains concepts and principles that are to be followed when applying the IVSs, but does not include any required actions.
  • The IVS General Standards contain actions that are required when setting up, carrying out and reporting a valuation.
  • The IVS Asset Standards contain any additional requirements for each of the main genres of asset, together with guidance on key issues that affect the valuation of that type of asset that need to be considered.
  • The IVS Application Standards contain additional requirements for the specified valuation purpose and guidance on matters that may be typically encountered.
  • The Technical Information Papers (which are not part of this translation) contain guidance on complying with specific requirements in one or more of the other standards or on dealing with matters where there is evidence of diverse practice.

Based on our long experience in valuations in Albania, Kosovo and the region, we are convinced that IVS will be a fundamental milestone in improving the valuation profession in the Albanian-speaking territories.

In addition, these standards will bridge the gap that many times exist between valuers and users of valuation services.

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