The first meeting of the working group within the TEGoVA Committee for European Business Valuation Standards (EBVSC) was held in Belgrade on January 18, 2019.
Danijela Ilic, FRICS, REV is the president of the EBVSC committee composed of 14 members from Europe, who are representatives of the valuation associations- TEGoVA’s members .
The EBVSC Committee aims to prepare European Business Valuation Standards (EBVS) that will serve as a professional framework for valuers in that field.
The final text of EBVS is expected to be presented to all members of TEGoVA in September 2019 for the public discussion, after which it will be proposed at the TEGoVA General Assembly for adoption.
EBVSC sub-group – From left to right:
Allan Traynor, FCCA, IRRV(Hon) – UK
Vesna Stefanovic REV, ASA, Techical author of EBVSC, Chairman of the Board of NUPS/NAVS – Serbia
Danijela Ilic REV,FRICS, Chairman of EBVS Commettee, President NUPS/NAVS – Serbia
Ella Dunphy, MIPAV REV MCEI MSCSI MRICS, President IPAV – Ireland
Ivars Strautins, REV, Vice-President LIVA – Latvia
The first meeting of the working group EBVSC was held in Belgrade
The first meeting of the working group within the TEGoVA Committee for European Business Valuation Standards (EBVSC) was held in Belgrade on January 18, 2019.
Danijela Ilic, FRICS, REV is the president of the EBVSC committee composed of 14 members from Europe, who are representatives of the valuation associations- TEGoVA’s members .
The EBVSC Committee aims to prepare European Business Valuation Standards (EBVS) that will serve as a professional framework for valuers in that field.
The final text of EBVS is expected to be presented to all members of TEGoVA in September 2019 for the public discussion, after which it will be proposed at the TEGoVA General Assembly for adoption.
EBVSC sub-group – From left to right:
Allan Traynor, FCCA, IRRV(Hon) – UK
Vesna Stefanovic REV, ASA, Techical author of EBVSC, Chairman of the Board of NUPS/NAVS – Serbia
Danijela Ilic REV,FRICS, Chairman of EBVS Commettee, President NUPS/NAVS – Serbia
Ella Dunphy, MIPAV REV MCEI MSCSI MRICS, President IPAV – Ireland
Ivars Strautins, REV, Vice-President LIVA – Latvia
License Agreement between iiBV and NAVS
After couple of years of collaboration in the organization of internationally recognized courses for business valuations in Serbia in English language, National Association of Valuers of Serbia (NAVS) has signed License Agreement with the International Institute for Business Valuation (iiBV) for business valuation courses to be held in Serbia, on Serbian language, whereby courses on Serbian language will be accredited by ASA due to agreement between iiBV and American Society of Appraisers (ASA).
Agreement between NAVS and iiBV represents a historical moment in the education of all interesed in business valuation in Serbia because until recently internationally recognized education was mostly available to employees in well-known auditing companies, through their “in-house” trainings and some through iiBV and/or ASA courses. An easier and more approachable access to internationally recognized education for business valuations , in Serbian language, will provide harmonization of practice in this field and will rise quality of valuations among all valuators who work in their own smaller companies. Domestic valuers of business valuation, with the necessary condition for education, and by meeting all other conditions will be able to acquire internationally the most famouse accreditation for business valuation – ASA.
Danijela Ilic, FRICS, REV, President of NAVS commented that “although for the past several years iiBV have held courses for business valuations, in English language, in NAVS, a big step forward has been made in support of domestic valuers of business valuations because it will be provided education in Serbian language for them. The Licence Agreement involves freequently update of educational materials on a regular basis by iiBV course curators that are recognized both as experienced business valuers and as experts in knowledge transfer.
https://iibv.org/the-international-institute-of-business-valuers-iibv-announces-agreement-for-accreditation-of-courses-in-local-languages-accepted-by-the-american-society-of-appraisers-asa/
http://www.appraisers.org/Disciplines/Business-Valuation/bv-news-and-events/2018/10/15/asa-and-iibv-announce-agreement-for-accreditation-of-courses-in-local-languages
iiBV PRESS RELEASE
TEGoVA General Assembly in Athens: Approved decision for Development of European Business Valuation Standards
At the initiative of associations, that are TEGoVA members, which have capital valuators among their members, but also because of the increasing interest of real estate valuers who want to diversify their services on the market, to the TEGoVA Management Board has proposed the preparation of European Business Valuation Standards. TEGoVA Management Board approved this initiative and put it to the vote at the General Assembly in Athens. The initiative was approved also by the General Assembly and that represents a revolutionary step towards in the development of the TEGoVA because until now it was recognized as an organization that brings together the best experts in the field of real estate valuations, publishes European standards for real estate valuation and professional marks REV, REVC and TRV
As soon as possible, TEGoVA will bring together a commission of top experts from the ranks of its members and begin to prepare European standards for business valuations. These standards will primarily be adapted to the needs of the real estate valuators, who also works on business valuations.
In the future, TEGoVA will be analyzing necessary and lacking knowledge and skills with the real estate valuers that want to develop in the field of business valuations. TEGoVA will support educational initiatives aimed at providing such programs.
https://www.tegova.org/en/p561f9f4504887
New information publications
Dear,
On web page
https://procenitelji.org.rs/biblioteka/
you can find fresh publications of NUPS bilten and TEGoVA Valuer.
New Rulebook on the membership
NAVS Board of director are adopted new Rulebook on the membership.
Rulebook on the membership
Web maintenance
During night 20.05.2018, from 20h web site NAVS will be unreachable in one hour period during maintenance.
iiBV course started last weekend
During last week new iiBV course program has started with Mr Jeffrey Tarbel, ASA, CFA from USA as lecturer.
NAVS Conference in Belgrade
Follow the link
Conference Livestream
Dear,
Livestream is given below.
Conference “Future of RE market, valuation profession and valuation practice” is starting on 21.04.2018. at 9.30h.
Speakers Bios
NAVS Conference Agenda
https://www.youtube.com/channel/UC8SCI0wi0Gpor_KWoPcALlA/live
A Recap of the Business Valuation Summit in Bangalore, India
The Business Valuation Summit was held in Bangalore, India January 17, 2018, to discuss the draft regulations for a Registered Valuer Organization (RVO), issued by the Ministry of Corporate Affairs; and the valuation education and accreditation required to support India’s rapid growth in the global economy. Organized by I-Deals Network and the International Institute of Business Valuers (iiBV), with sponsors including International Valuation Standards Council (IVSC), Business Valuation Resources, Duff & Phelps and Annveshan, the Summit featured leading experts from India and eight nations in valuation, private equity, venture capital and corporate users.
https://iibv.org/recap-bv-summit-bangalore-india/