REVISIONS TO PRACTICE STANDARDS NOS. 110, 120, 130 – INDEPENDENT VALUATION CONCLUSIONS AND VALUATION REPORTS

June 29, 2022
This Re-exposure Draft concerning proposed revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment. This is the second exposure draft on this topic and is an update to the exposure draft dated June 3, 2021. This Re-exposure Draft contains proposed changes which impact all valuation conclusions and reports, including Calculation Valuation Reports.

DEADLINE FOR COMMENTS

Comments must be received by September 30, 2022, to be considered. See Re-exposure Draft for information on how to submit comments via survey or email.

OTHER DOCUMENTS FOR FURTHER REVIEW

Practice Standard No. 100 Proposed Clean
Practice Standard No. 110 Redline version Proposed revised
Practice Standard No. 120 Redline version Proposed revised
Practice Standard No. 130 Redline version Proposed revised
Practice Bulletin No. 3 Redline version Proposed revised

June 3, 2021
This Exposure Draft concerning revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment.  The Exposure Draft contains proposed changes which impact Calculation Valuation Reports, as well as other targeted improvements. The Standards may be modified in light of the comments received. 

DEADLINE FOR COMMENTS

Comments must be received by September 30, 2021, to be considered. Email comments are preferred, addressed to:
Catalina Miranda, CPA, CA, CBV
Director, Professional Practice
(416) 613-0300
catalina.miranda@cbvinstitute.com

OTHER DOCUMENTS FOR FURTHER REVIEW

Practice Standard No. 110 Redline version Proposed revised
Practice Standard No. 120 Redline version Proposed revised
Practice Standard No. 130 Redline version Proposed revised
Practice Bulletin No. 3 Redline version Proposed revised

Catalina Miranda, Director of Professional Practice for CBV Institute, summarizes the major changes to standards
which are being proposed.

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