International Valuation Standards Committee

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The IVSC - The International Valuation Standards Committee, is a Non-governmental Organisation (NGO) member of the UN, with membership that encompasses all the major national valuation standard-setters and professional associations from 41 different countries. IVSC publish the International Valuation Standards (IVS), now in its 8th edition.

IVSC headquarters are in London.

The IVSC was founded in 1981 as the International Asset Valuation Committee, a joint venture of the UK based RICS and the American Appraisal Institute. Its original purpose was the development of a set of common international real estate valuation standards for purposes of financial reporting, in conjunction with the development of International Accounting Standards (IAS, now known as IFRS) by the International Accounting Standards Committee (IASC, now known as IASB). Since then, the IVSC have broadened their scope to encompass the harmonisation of international real estate valuation practice in general, and have recently endeavoured even further with the intention of introducing standards for all types of asset classes (such as real estate, business and non-tangible assets).

[edit] List of member organisations

Argentina - Instituto Argentino de Tasaciones
Australia - Australian Property Institute
Austria - Austrian Institute of Property Valuation and Valuation Standards
Brazil - Instituto Brasileiro Avaliacoes
Canada - Appraisal Institute of Canada
China - China Appraisal Society
Colombia - Registro Nacional de Avaluadores
Czech Republic -The Czech Chamber of Appraisers
Egypt - The Egyptian Association of Real Estate Appraisers
Germany - Verband Deutscher Pfandbriefbanken, Bundesverband der Immobilien-Investment-Sachverständigen e. V. (BIIS)
Greece -Body of Sworn-in Valuers of Greece
Hong Kong, China -Hong Kong Institute of Surveyors
India -The Practising Valuers Association of India
Indonesia -Indonesian Society of Appraisers
Ireland -The Society of Chartered Surveyors in the Republic of Ireland, The Irish Auctioneers and Valuers Institute
Italy - Consiglio Nazionale Geometri
Japan -Japanese Association of Real Estate Appraisal
Kazakhstan -Chamber of Professional Appraisers of Kazakhstan
Korea - Korea Association of Property Appraisers
Latvia -Latvian Association of Appraisers
Lithuania -Lithuanian Association of Property Valuers, Lithuanian Association of Property and Business Valuation Enterprises
Malawi -Surveyors Institute of Malawi
Malaysia -The Institution of Surveyors, Malaysia
Mexico -National Association of Mexican Valuation Institutes
The Netherlands -Raad voor Onroerende Zaken (ROZ, the Real Estate Council)
New Zealand -Property Institute of New Zealand (PINZ)
Norway -Norges Takseringsforbund
Nigeria -Nigerian Institution of Estate Surveyors and Valuers
Philippines -Institute of Philippine Real Estate Appraisers (IPREA)
Poland -The Polish Federation of Valuer’s Associations
Romania -The National Association of Romanian Valuers
Russia -Russian Society of Appraisers, Russian Board of Appraisers
Singapore -Singapore Institute of Surveyors and Valuers
Slovenia- Slovenian Institute of Auditors
South Africa -South African Institute of Valuers
Spain -Association Espanola de Sociadades de Tasacion
Sweden -Samfundet för Fastighetsvardering
Tanzania -Tanzania Institution of Valuers and Estate Agents
Thailand -Thai Valuers Association
Turkey -Appraisers’ Association
Ukraine -Ukrainian Society of Appraisers
United Kingdom -The Royal Institution of Chartered Surveyors
United States -The Appraisal Institute, American Society of Appraisers
Venezuela -Sociedad de Ingenieria de Tasaciones de Venezuel

The following national associations are non-member representatives but are IVSC Observers:

Albania -The Albanian Society of Real Property Valuers
Barbados -Barbados Association of Professional Valuers
Estonia -Estonian Association of Appraisers
Finland -The Association for Authorized Real Estate Valuation
Georgia -Georgian Federation of Professional Assets Valuators, Expertise Institute for Valuation of Assets of Georgia
Luxembourg -Institut National de l’Expertise Immobiliere
Macedonia - Macedonian Appraisal Society
Slovakia -Slovak Association of Economic Appraisers

The following are non-member representatives but are IVSC Correspondents: