Leading business valuation professional organizations around the world welcome the recent International Organization of Securities Commissions (IOSCO) statement on the importance of high-quality valuation information in financial reporting. We strongly support IOSCO’s emphasis on the need for transparent, well supported, and consistently applied valuation practices to protect investors, strengthen market confidence, and promote financial stability.
In particular, we endorse IOSCO’s observations regarding:
- The need for valuation expertise.
- The need for robust inputs, assumptions, and documentation underpinning fair value measurements.
- The importance of objective assessment of active markets and comparable assets, supported by
- evidence and sound professional judgment.
- The requirement for clear, comprehensive disclosures about valuation techniques and sensitivities.
- The role of independent, well-governed valuation processes within strong corporate oversight
- frameworks.
Our organizations have been working collaboratively in a pro-active manner to address these priorities through:
- Enhanced education, accreditation, practice, and professional standards that reinforce independence, transparency, and professional rigor.
- Ongoing alignment of our global standards and guidance to promote consistent, high-quality valuation practices and continuing development across jurisdictions.
- Engagement with regulators, auditors, and standard-setters to ensure valuation practices support the reliability of financial reporting worldwide.
We commend IOSCO for drawing attention to these issues and reaffirm our shared commitment to advancing professionalism and quality across the valuation profession globally.
Signed by:
American Society of Appraisers (ASA), United States
Guillermo Ortiz de Zárate, CEO & EVP
Assessors and Registered Valuers Foundation (AaRVF), India
Saurabh Gupta, Managing Director
Chartered Business Valuators (CBV) Institute, Canada
Christine Sawchuk, President & CEO
European Association of Certified Valuators and Analysts (EACVA), Germany
Wolfgang Kniest, Co-Founder & CEO
Institute of Valuers and Appraisers, Singapore (IVAS), Singapore
Lie Kok Keong, Council Chair
Royal Institution of Chartered Surveyors, UK & Global
Ben Elder, FRICS, Global Head of Valuation
