{"id":7426,"date":"2024-05-27T13:36:35","date_gmt":"2024-05-27T13:36:35","guid":{"rendered":"https:\/\/procjenitelji.me\/?page_id=7426"},"modified":"2025-11-07T10:49:59","modified_gmt":"2025-11-07T10:49:59","slug":"translation-of-the-ivs-international-valuation-standards-2022","status":"publish","type":"page","link":"https:\/\/procjenitelji.me\/en\/translation-of-the-ivs-international-valuation-standards-2022\/","title":{"rendered":"Translation of the IVS International Valuation Standards 2022"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column]<div class=\"standard-arrow list-divider bullet-top\"><p style=\"text-align: center;\"><strong><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5022\" src=\"https:\/\/procjenitelji.me\/wp-content\/uploads\/2023\/02\/11-300x136.png\" alt=\"\" width=\"503\" height=\"228\" srcset=\"https:\/\/procjenitelji.me\/wp-content\/uploads\/2023\/02\/11-300x136.png 300w, https:\/\/procjenitelji.me\/wp-content\/uploads\/2023\/02\/11.png 585w\" sizes=\"(max-width: 503px) 100vw, 503px\" \/><\/strong><\/p>\n<p style=\"text-align: center;\"><strong>TRANSLATION OF THE IVS INTERNATIONAL VALUATION STANDARDS 2022<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">The Chamber of Valuers and Court Experts of Montenegro has published a translation of the IVS Valuation Standards, which can be ordered through their online store.<\/p>\n<p style=\"text-align: justify;\">The latest edition of the International Valuation Standards (IVS) marks a significant milestone towards aligning valuation practices worldwide as the basis for implementing the requirements of IFRS 13 &#8211; Fair Value Measurement.<\/p>\n<p style=\"text-align: justify;\">The updated International Valuation Standards serve as a crucial guide for valuers globally and will promote consistency, transparency, and trust in valuations, which are key for investment decisions, financial reporting, and financial market stability.<\/p>\n<p style=\"text-align: justify;\">The latest IVS Valuation Standards came into effect on January 31, 2022; however, the IVSC Standards Board in London encourages early adoption from the date of publication.<\/p>\n<p style=\"text-align: justify;\">Changes and amendments to the IVS Valuation Standards have been implemented in the following areas:<\/p>\n<p style=\"text-align: justify;\"><strong><em>Technical Revisions:<\/em><\/strong> Updates also include technical revisions that were consulted on during 2020 and 2021.<\/p>\n<p style=\"text-align: justify;\"><em><strong>Introduction:<\/strong><\/em> The introduction has been revised to include the fundamental principles of setting valuation standards and the basic principles of valuation. This change also reflects IVSC&#8217;s ongoing efforts to harmonize valuation standards.<\/p>\n<p style=\"text-align: justify;\"><em><strong>Glossary:<\/strong><\/em> The IVS glossary has been updated to include new terms and provide additional explanations. This change also reflects IVSC&#8217;s ongoing efforts to harmonize terminology and definitions in valuations. IVS<\/p>\n<p style=\"text-align: justify;\"><em><strong>Framework:<\/strong><\/em> Sections on &#8220;compliance with standards,&#8221; &#8220;assets and liabilities,&#8221; &#8220;valuer,&#8221; and authorities have been slightly revised to provide additional explanations.<\/p>\n<p style=\"text-align: justify;\"><em><strong>IVS 104<\/strong><\/em>: A new section on &#8220;value distribution&#8221; has been included in this chapter.<\/p>\n<p style=\"text-align: justify;\"><em><strong>IVS 105:<\/strong> <\/em>The introduction has been revised to provide additional explanations that one or an approach to valuation may be used to arrive at the value reported within the scope of value.<\/p>\n<p style=\"text-align: justify;\"><em><strong>IVS 200:<\/strong> <\/em>The introduction has been revised to provide additional explanations of what constitutes a business and business interest.<\/p>\n<p style=\"text-align: justify;\"><em><strong>IVS 230:<\/strong><\/em> The updated IVS Valuation Standards include a new chapter, &#8220;IVS 230 &#8211; Inventory,&#8221; as part of the intangible asset standard.<\/p>\n<p style=\"text-align: justify;\"><em><strong>IVS 400:<\/strong><\/em> The introduction has been revised to further clarify that this chapter includes the valuation of agriculture and land and includes the valuation of unregistered and joint land.<\/p>\n<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages\/7426"}],"collection":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/comments?post=7426"}],"version-history":[{"count":6,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages\/7426\/revisions"}],"predecessor-version":[{"id":7979,"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/pages\/7426\/revisions\/7979"}],"wp:attachment":[{"href":"https:\/\/procjenitelji.me\/en\/wp-json\/wp\/v2\/media?parent=7426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}