Welcome To International Institute of Business Valuers
As International Financial Reporting Standards (IFRS) and fair value reporting gain acceptance across the globe, regions beyond North America are recognizing the need for the development of a business valuation profession in their country. With this increased demand for business valuation, there exists a profound need for greater communication and cooperation between existent valuation societies. Examples of this need can be found in the following:
- The U.S. Securities and Exchange Commission (SEC) has reached out to the BV professional societies in the U.S. requesting that they join together to issue a single set of business valuation standards.
- IFRS 3 and SFAS 157 both require a robust and experienced business valuation profession to provide services for the financial reporting of business combinations. Often the lack of an economic history and diversity in many developing countries limits the breadth of valuation practice outside of North America.
- Unlike North America, which has four thriving business valuation societies, there are no similar professional associations elsewhere in the world that provide training and credentialing on a significant scale.
The International Institute of Business Valuers (IIBV) is an umbrella organization of business valuation organizations working together internationally to increase the pre-eminence of the business valuation field, to develop a very strong voice for the business valuation profession, to promote the sharing of best practices in business valuation across the globe and to manage the profession.
We invite you to look through the website to learn about the IIBV. Want to learn more? Contact us today.