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New International BV Glossary Call for Comments Due January 31

Dec 16, 2020

ASA, AICPA, RICS, TAQEEM and CBV Institute have collaborated to develop and publish an International Valuation Glossary – Business Valuation as part of ongoing efforts to harmonize definitions for business valuation and intangible asset terms. This updated glossary will replace the International Glossary of Business Valuation Terms currently incorporated into the ASA Business Valuation Standards.

As part of these global Valuation Professional Organizations (VPOs’) due process, this draft glossary is being submitted for public comment to ensure this resource meets the needs of the global valuation profession. Following the exposure draft process and final revisions, the aforementioned VPOs intend to adopt and publish these definitions.

The consultation period is open and the VPOs request your participation within the 45-day consultation period ending January 31, 2021. Feedback is sought on the terms included and their definition.

The VPOs are committed to maintaining the highest quality of professional standards and guidance and practitioners’ feedback will be critical to achieving this goal.

To participate simply visit https://www.surveymonkey.com/r/NZ8B2JM and follow the prompts.