ADOPTION OF IVS AS OPTIONAL USE PRACTICE STANDARDS

December 21, 2022

This Exposure Draft proposes the adoption and permitted (optional) use of the International Valuation Standards (IVS) as issued by the International Valuation Standards Council (IVSC) for independent valuation engagements which would otherwise be performed in accordance with CBV Institute Practice Standards Nos. 100, 110, 120 and 130. For clarity, IVS would be adopted as an option alongside, rather than replacing, Practice Standards Nos. 100, 110, 120 and 130.

DEADLINE FOR COMMENTS

Comments must be received by March 31, 2023, to be considered. Please email comments to:

Catalina Miranda, CPA, CA, CBV
Vice President, Regulatory and Standards
(416) 613-0300
catalina.miranda@cbvinstitute.com

Materials and Attachments

IVS effective January 31, 2022
Proposed Practice Standard No. 100

Catalina Miranda, Vice President, Regulatory and Standards for CBV Institute, summarizes the changes that are being proposed.

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.

Your web browser is outdated. For the best possible site experience, we encourage you to switch your browser to Microsoft Edge, Google Chrome or Firefox.