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IVSC: Exposure Draft – proposed changes to IVS
- 19 February 2026
- Miscellaneous
- South African Accounting Academy
Summary:
The International Valuation Standards Council (IVSC) has issued an Exposure Draft proposing changes and updates to the International Valuation Standards (IVS).
Article:
The draft includes revised glossary definitions, expanded scope and data requirements, guidance on the use Artificial Intelligence and sustainability considerations, and enhanced reporting on key valuation assumptions and ranges.
The changes proposed in this Exposure Draft are intended to form the basis of the next edition of IVS, which will be issued in January 2027 and become effective from January 2028.
The deadline for comments is 30 April 2026.
Access the following related documents:
- Standards (IVS) Exposure Draft (2026) - Red Line Version (232 pages) https://ivsc.org/wp-content/uploads/2026/01/IVS_effective-31-January-2028-Exposure-Draft-Red-Line-Final39.pdf
- Exposure Draft (2026) Summary & Consultation Questions (17 pages) https://ivsc.org/wp-content/uploads/2026/02/IVS_effective_31_January-2028_Exposure-Draft-Summary-and-Consultation-Questions-Final_.pdf
- Exposure Draft (2026) Basis for Conclusions (96 pages) https://ivsc.org/wp-content/uploads/2026/02/IVS-effective-31-January-2028-Exposure-Draft-Basis-for-Conclusions.pdf
The IVS are globally recognised, principles-based standards that form the foundation of valuation for all assets and liabilities. Developed by the IVSC and utilised by professionals in over 100 countries, IVS play a crucial role in enhancing the quality, comparability, and transparency of valuations.
IVS are central to the IVSC’s mission to raise standards of international valuation practice as a core part of the financial system for the benefit of capital markets and the public interest.
The IVS consist of:
- General Standards (which apply to all valuations)
- Asset Standards (which apply, in addition to the General Standards, to specific types of assets and liabilities)
Click here to download the 189-page Exposure Draft:
https://ivsc.org/wp-content/uploads/2026/01/IVS_effective-31-January-2028-Exposure-Draft-Final.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- Valuations are widely used and relied upon in financial markets and other settings, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity.
- The IVS outline a process that can be used in conjunction with other standards, laws and regulations requiring a value.
- The valuer is ultimately responsible for the assertion of compliance with IVS.
- Valuers shoud be aware of the latest changes (including proposed amendments) to the IVS.
Relevance to Your clients:
- The valuer is ultimately responsible for the assertion of compliance with IVS.
- Valuers shoud be aware of the latest changes (including proposed amendments) to the IVS.