The International Valuation Standards Council is focused on creation and issuance of IVS (International Valuation Standards). The first standards were created in 1980. Since then, these standards have been updated and expanded and gradually adopted by many expert institutions, professional users and institutions of financial regulators around the world.
In 2006, the IVSC opted for a thorough revision of standards with the aim to their improvement in the areas of specialization, meaning and consistency. An important area for evaluation was the creation of standards for the valuation of financial instruments. In 2010, the draft of the new standards released to the professional public. After processing of some comments were new standards published on July 19, 2011, with the IVSC recommendation to their adoption of January, 1 2012.