The IVSC Tangible Assets Board (TAB) has recently published a Perspectives Paper Inspections of Tangible Assets as part of the Valuation Process.  This paper “explores the intricacies of valuation inspections, examining both the benefits and challenges associated with various inspection methods, including traditional physical inspections and innovative technology-based virtual assessments” (inspections).

The perspectives paper “aims to stimulate discussion, provide guidance, and gather feedback from the valuation community to establish best practice and standards for inspections in line with the International Valuation Standards (IVS).”

The IVSC perspectives paper on inspections is available here.

If any API Members have any feedback in relation to the Perspectives Paper, they are encouraged to complete the IVSC online feedback form, available at the link below, or alternatively provide feedback on the paper to the API standards team by COB Friday 6 September 2024.  The standards team will collate the feedback and, in consultation with the API standards committee, provide feedback to the IVSC TAB on behalf of Members.

IVSC feedback form: Inspections

If they are any queries in relation to this matter, please do not hesitate to contact the standards team at [email protected].