History
The origins of IVSC lie in the International Assets Valuation Standards Committee (TIAVSC) that was formed in 1981 with the objective of developing consistent standards across national borders. The founder members were a number of professional institutes mainly concerned with real property valuation. The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the valuation of assets other than real property.
Following a restructuring of the organisation in 2008 its name was again changed, this time to the International Valuation Standards Council. In 2012 the IVSC has over 70 organsisations in membership from 54 countries. The organisations in membership accredit and regulate the conduct of individual valuers who specialise in the valuation of many different types of assets and liabilities, such as business interests, real property, intangibles, capital equipment and financial instruments.
Read more about this topic: International Valuation Standards Council
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