IVS2028 standard consultations

IVSC has launched consultations on its online platform https://ivsc.org/consultations/ivs-exposure-draft-for-consultation-2026/ regarding proposed changes to IVS valuation standards.

Consultation period

From January 31 to April 30, 2026, you can submit comments on the available drafts of the new version of the IVS2026 standards..

Proposed scope of changes

Generally, the proposed changes include:

1. Changes to the glossary to provide additional clarity, including new definitions of the terms:
   • business, financial instrument, non-financial liability,
   • quality and sustainability control, and minor changes to the definitions of ESG,
   • liability, liquidation value,
   • professional skepticism,
   • material tangible asset,
   • review of valuation and valuation risk.
2. Integration of the IVS framework with the IVS 100 valuation framework.
3. Supplementation of the scope of work, including, where applicable, requirements to be considered during valuation. These include: scope, proposed significant use of artificial intelligence or other technology-based tools and resources, and service organisations. Sustainability issues and IVS asset standards.
4. Changes to IVS 104 Data and Inputs. The purpose is to include requirements for
5. significant use of artificial intelligence or other technology-based tools. Also adding a new section – “Use of Management or Customer Data.”
6. Amendments to IVS 104 Data and Inputs: Appendix to include sustainability considerations.
7. Amendments to IVS 105 Valuation Models. To include requirements for valuation models using artificial intelligence and/or other technology-based tools.
8. Amendments to IVS 106 Documentation and Reporting. To include requirements for valuation models using artificial intelligence and/or other technology-based tools.
9. Amendments to IVS 106 Documentation and Reporting.
10. Amendments to the documentation requirements for significant use of artificial intelligence to “IVS 106 Documentation and Reporting.” The purpose is to include, where applicable, reporting requirements regarding: scope, proposed significant use of artificial intelligence or other technology-based tools and resources, service organisations, sustainability considerations, and IVS asset standards that should be considered during valuation.
11. Transfer of the “Value Allocation” requirements from IVS 102 Value Fundamentals to IVS 106 Documentation and Reporting,
12. Creation of a new chapter titled IVS 107 Quality Control,
13. Revision of the structure of the business asset valuation standards to better align with the general standards,
14. Inclusion of additional inspection requirements within IVS 300 Machinery, Equipment, and Infrastructure and IVS 400 Real Estate Rights,
15. Merger of IVS 400 Real Estate Rights and IVS 410 Development Properties,
16. Minor changes to IVS 500 Financial Instruments.