Post by International Valuation Standards Council (IVSC)

The International Organization of Securities Commissions - IOSCO — the global body that brings together the world’s securities regulators and is recognised as the international standard setter for financial markets regulation — has today issued a statement emphasising the importance of consistent, high-quality valuation information in financial reporting to support investor confidence and market integrity. The statement reflects IOSCO’s ongoing engagement with the IVSC and notes that further coordination and application of the International Valuation Standards (#IVS), together with stronger connections between IVS and accounting standards such as IFRS, could enhance the efficiency, consistency, and reliability of financial statements worldwide. The IVSC welcomes this focus and remains committed to working with IOSCO and other international standard setters to strengthen valuation quality and its contribution to transparent, high-quality financial reporting. Building on this collaboration, the IVSC will shortly establish a Financial Reporting Project Group to advise on a new section of IVS for valuations prepared for financial reporting purposes, engaging global leaders from across the valuation, audit, and regulatory communities. Find out more, here: https://lnkd.in/e2KYTJVF