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IVSC

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AcronymDefinition
IVSCInternational Valuation Standards Council (UK)
IVSCIntegrated Vehicle System Controller


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Glanville requested that NCREIF consider joining IVSC in order to participate in efforts to develop consistency between U.
Originally formed in 1981, the IVSC works cooperatively with 43 member states, organizations such as the World Bank, Financial Accounting Standards Board, International Accounting Standards Board, International Federation of Accountants, and others including valuation societies throughout the world to harmonize and promote agreement and understanding of valuation standards.
Ultimately, it is believed that the market value for illiquid assets is predicated on the conditions of the equilibrium exchange (the principle of the equivalence of interests) (47) in a bilateral hypothetical transaction (as per the IVSC definition of market value) in which the parties are assumed to have such pricing deductions that valuers consider reasonable.
 
 
 
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