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International Valuation Standards - RICS

IVSC Cover FP:Layout 1 01/07/2011 13:14 Page 1 International Valuation Standards (IVS)Effective 31 January 2020 International Valuation Standards CouncilInternational Valuation StandardsEffective 31 January 2020 International Valuation Standards CouncilCopyright 2019 International Valuation Standards rights part of this publication may be translated, reprinted or reproduced or utilised in any form either in whole or in part or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage and retrieval system, without permission in writing from the International Valuation Standards Council. Please address publication and copyright matters to: International Valuation Standards Council, 4 Lombard St, LONDON, EC3V 9AA, UK United Kingdom Email: : 978-0-9931513-3-3-0 The International Valuation Standards Council, the authors and the publishers do not accept responsibility for loss caused to any person who acts or refrains from acting in reliance on the material in this publication, whether such loss is caused by negligence or and printed by Page Bros, NorwichIntroductioniiiContentsIntroducti on

A “valuation reviewer” is a professional valuer engaged to review the work of another valuer. As part of a valuation review, that professional may perform certain valuation procedures and/or provide an opinion of value. 20.16. Value (n) The word “value” refers to the judgement of the valuer of the estimated

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