Latest information News Release from IVSC

Latest information News Release from IVSC 

INTERNATIONAL VALUATION STANDARDS COUNCIL APPOINTED TO THE CONSULTATIVE ADVISORY GROUP OF THE INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD

The Public Interest Oversight Board (PIOB) of the International Federation of Accountants (IFAC) has approved the appointment of the International Valuation Standards Council (IVSC) as a member organization of the Consultative Advisory Group (CAG) of a key international global standard setter – the International Auditing and Assurance Standards Board (IAASB).  Next....

FOR IMMEDIATE RELEASE 2 SEPTEMBER 2009

Source: http://www.ivsc.org/news/nr/2009/nr090902.html

THE INTERNATIONAL FEDERATION OF ACCOUNTANTS AND INTERNATIONAL VALUATION STANDARDS COUNCIL TO COLLABORATE ON IMPROVING GLOBAL VALUATION CONSISTENCY

The International Federation of Accountants (IFAC) and the International Valuation Standards Council (IVSC) have signed a memorandum of understanding designed to enhance their respective impact on issues surrounding valuations—particularly those related to improving the consistency of global valuation standards affecting the preparation and audits of financial reports. Michel Prada, Chairman of the Board of Trustees for the IVSC, states, “Valuation standards, coupled with clear accounting and auditing principles, are key to the efficiency of the global market economy. This Memorandum of Understanding demonstrates the cohesive and united approach of the IVSC, IFAC and International Auditing and Assurance Standards Board (IAASB) to maintaining standards as global markets continue to develop.”

“The current economic crisis has highlighted the challenges associated with the valuation of assets and liabilities by both preparers and auditors,” says Bob Bunting, President of IFAC. “I am delighted that our two organizations will seek ways in which we can work together in serving the public interest. As a first step, I am encouraged that IVSC will appoint a representative to serve on the consultative advisory group of the IAASB, which works to strengthen public confidence in the auditing profession by establishing high-quality, global auditing, assurance, quality control and related services. I look forward to developing other areas of collaboration with IVSC in the coming months.”

FOR IMMEDIATE RELEASE 8 SEPTEMBER 2009

For press enquiries please contact:
Joanna Tudor, Spada
Joanna.Tudor@spada.co.uk
Tel: +44 (0)20 7269 1430

For further information on the IVSC please contact:
Marianne Tissier, IVSC
mtissier@ivsc.org
Tel: +44 (0)1442 879 306