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The International Valuation Standards Council (IVSC) is an independent body that sets global standards for the valuation profession.
The new IVSC Europe Board, appointed to encourage the adoption and monitoring of International Valuation Standards, will consist of experts from leading industry consultants such as Duff & Phelps.
Madrid – The International Valuation Standards Council (IVSC), an independent body that sets global standards for the valuation profession, has announced the creation of the IVSC Europe Board, composed of 13 experts from companies specializing in valuation. Within this select group of professionals, Javier Zoido, Managing Director and Iberia Valuation Services Leader at Duff & Phelps, was appointed member of the Europe Board along with other sector leaders and personalities linked to the Bank of Spain, and permanent advisor to the Spanish Supervisor, José Manuel Gómez de Miguel.
"It is an honor to be part of this Board and contribute my experience to the development and recognition of the International Valuation Standards, " said Javier Zoido. " The use of fair value and similar standards in financial reporting has increased considerably in the last 20 years, specifically through the widespread adoption of IFRS by European companies. International Valuation Standards are crucial to convey the coherence and transparency necessary to achieve greater confidence in the field of valuations."
The mission of the European IVSC, which met for the first time in Paris on February 26, is to encourage and support the implementation of internationally agreed valuation principles and ensure that European experts continue to report on the evolution of International Valuation Standards, through the assessment of valuation issues.
IVSC explains that in an economically mature and diverse region such as Europe, in which valuation standards remain unregulated and only obey national rules, establishing a coherent approach is a challenge. Transparent and internationally accepted valuation standards are increasingly important given the interconnected nature of European economies. With the creation of this new Board, the IVSC seeks to promote that Europe, in addition to applying international standards, adopts a leadership role in implementing and developing global best practices.
The IVSC Europe Board members are:
About the IVSC
The International Valuation Standards Council (IVSC) is a not-for-profit organization that acts as the global standard-setter for the valuation profession, serving the public interest. The Council is supported by a network of members and sponsors including the International Financial Corporation (IFC) of the World Bank Group, and by valuation professional organizations from more than 70 countries and six continents.
The IVSC is responsible for developing and establishing the International Valuation Standards (IVS), a set of standards based on internationally agreed principles that promote transparency and consistency in the valuation of all types of assets. The IVS are mentioned in the laws and regulations of many jurisdictions and are used by valuation professionals in 103 countries. For more information, visit https://www.ivsc.org/
About Duff & Phelps
Duff & Phelps is the global advisor that protects, restores and maximises value for clients in the areas of valuation, corporate finance, disputes and investigations, cyber security, claims administration and regulatory issues. We work with clients across diverse sectors on matters of good governance and transparency. With Kroll, the leading global provider of risk solutions, and Prime Clerk, the leader in complex business services and claims administration, our firm has nearly 4,000 professionals in 25 countries around the world. For more information, visit www.duffandphelps.co.uk