International Valuation Standards Council
The Foundation is a proud sponsor of the International Valuation Standards Council (IVSC). The IVSC is an independent, not-for-profit organization that serves the public interest by setting global standards for valuation practice and the valuation profession. The Foundation is an active participant in the IVSC Advisory Forum and Advisory Forum Working Group.
The Foundation and the IVSC are working together to harmonize valuation standards for the benefit of valuation professionals around the world. A Memorandum of Understanding was signed by both organizations that reflects this joint effort on harmonization.
Visit the IVSC website for more information about the IVSC and the IVSC Advisory Forum.
Click here to watch a short video describing the work of the IVSC.
A Bridge from USPAP to IVS 2018
As a part of the Foundation and IVSC harmonization efforts, the Foundation released A Bridge from USPAP to IVS 2018 (Bridge). The Bridge was developed to assist appraisers familiar with USPAP in producing a valuation that is also compliant with IVS. The Bridge was recently updated to be consistent with IVS 2017 and the 2018-19 USPAP. While the Bridge describes additional steps necessary to ensure compliance with both standards, a full review of both sets of standards is always encouraged. This joint effort unveiled more commonalities than differences in the two sets of standards.
Welcoming Foreign Delegations
The Foundation welcomes delegations from other countries to share information on valuation issues, current valuation trends, and common appraisal practices. During these meetings, the Foundation provides advice to help other countries and jurisdictions establish their own self-regulatory systems. The Foundation has welcomed delegations from China, Kazakhstan, South Korea, Japan, League of Arab States, Russia, Saudi Arabia, Singapore, Taiwan, Thailand, Ukraine, and the United Kingdom.
Additional International Engagement
The Appraisal Foundation is proud to be a member of the following organizations:
North American Conference of Appraisal Organizations
International Ethics Standards Coalition
International Property Measurement Standards Coalition