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.



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.

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.

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