Stout has become a sponsor and member of the International Valuation Standards Council (IVSC). The IVSC is a global non-profit organization responsible for setting International Valuation Standards (IVS) and developing the valuation profession worldwide.
As a sponsor and member of the IVSC, Stout will work with the global standard setter and other leading valuation organizations throughout the world, to ensure international standards enhance the reliability and transparency of valuation data.
Without consistent and robust valuation standards businesses struggle to rely on this important information. Stout and other organizations provide support and collective leadership for the IVSC to align international best practices in valuation. By doing so, they support businesses and protect financial markets for the public good.
“We are delighted to become a member and sponsor of the International Valuation Standards Council, and we look forward to working with other members to develop internationally accepted valuation standards and principles," said Greg O’Hara, who leads Stout's Valuation Advisory group. "In a period when trust, consistency, and transparency are critical to the operation of the global economy, Stout is a respected source who embodies the organization’s commitment to building confidence in valuations.”
“The IVSC and its members share a belief that raising standards of international valuation practice benefits business and the wider public interest," said Alistair Darling, Chair of the IVSC Board of Trustees. "Consistent standards improve transparency and stability of financial markets, contribute to the growth of stronger economies and lead to improved confidence for all users of valuation data.”