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Standards

International Valuation Standards (IVS)

Global valuation standards issued by the International Valuation Standards Council (IVSC), aligned with the RICS Red Book.

Detailed explanation

IVS 2025 provides harmonised global valuation principles. IVS 100 (general framework), IVS 101 (scope), IVS 102 (investigations), IVS 103 (reporting), IVS 104 (bases of value), IVS 105 (valuation approaches & methods), IVS 106 (documentation), IVS 200-500 asset-class specifics. The RICS Red Book incorporates IVS and adds stricter professional requirements. Used globally by bank supervisors, auditors and regulators.

Moroccan example

An auditor reviewing a Moroccan OPCI revaluation checks IVS 105 compliance for the 3-approach cross-check (market, income, cost).

Related terms

RICS Red BookFair Value (IFRS 13)Market Value (MV)

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