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Signing of the MOC with IVSC

The 4th IVSC/WAVO Global Valuation Conference was held in New Zealand from 7-9 June, 2023. The highlight of this Conference was the signing of the second MOC between WAVO and IVSC in New Zealand, with the CEO of IVSC and Dr Adrian Crivii Executive President of WAVO.

The International Valuation Standards Council (IVSC), the global valuation standard setter for the valuation profession, and The World Association of Valuation Organisations (WAVO), a global organisation of national valuation bodies, are strengthening continuing ties by signing a further Memorandum of Co-operation (MOC) to jointly promote the importance of adopting the international valuation standards and the promotion of training and education to enhance competency of practitioners in the valuation industry.

As the global setter of standards, the main focus of IVSC is to develop a set of globally recognised standards for the valuation profession that provides transparency and consistency in approach which is critical for cross border transactions and international business deals. The WAVO being an umbrella body of national valuation organisations focus on the development of the valuation profession through education, training and building professional competence of valuers. Understanding and applying IVSC valuation standards are part of WAVO’s efforts to develop the valuation profession. The use of IVSC standards for the training of valuers will help to develop a globally accepted set of standards and commit valuers to adopt a single set of standards.




WAVO Global Education Hub

  1. WAVO has joined IVSC as an Academic member (WEF 19 FEB 2024)
  2. WAVO is now a full member of the IVSC Advisory Forum Working Group and represented by Robert Hecek (API) and Reiner Lux (HypZert)
  3. WAVO is now developing the WAVO Global Education Hub to host courses for training of the VPOs all around the world.
  4. The aim of the WAVO Global Education Hub is to educate and provide the opportunity for VPOs globally to have access to online courses/webinars and this would change the whole education process of the VPOs.
  5. When developed and operational, the Hub is aimed to host a wide range of educational modules and courses globally from Asia Pacific to Europe and the Americas.
  6. WAVO is now in discussion with its other WAVO members to explore and work on their respective organisations to contribute courses to the WAVO Global Education Hub.
  7. WAVO is aiming for the WAVO Global Education Hub to be operational and taking registration for courses in the second half of next year in 2025.
  8. These courses, webinars and other training forms to be in compliance with the International Valuation Standards.


WAVO-History:

WAVO was established as an association of valuation organisations in April 2004 by a few key valuation organisations in the Pacific Rim region with an original focus on the development of the valuation profession. It organises various activities including courses, seminars and conferences, and supports the implementation of international valuation standards. The first WAVO Congress was held in Singapore over 3 days from 27-29 November 2006.

The second WAVO Congress was held in Beijing, China in October 2007 and from that date an International Congress has been held annually or every two years. The 10th WAVO Congress was held in Gold Coast, Australia from 23-25 October 2019. The forthcoming 11th WAVO Congress will be held on 6&7 September 2024 in Bucharest and will be hosted by ANEVAR.

At the 8th WAVO Congress was held in Daegu Metropolitan City, Republic of Korea in November 2016, the IVSC and WAVO signed a Memorandum of Co-operation (MOC) between Sir David Tweedie, then Chair of IVSC Board of Trustees and Dr Lim Lan Yuan, JP, then the Executive President of WAVO.

Under the MOC, both WAVO and IVSC agree to collaborate to develop the valuation profession, and enhance its professionalism to better serve the public and the valuation profession through various ways such as joint activities, projects, exchanges, workshops and seminars.

As part of the co-operation between WAVO and IVSC, the inaugural IVSC/WAVO Global Valuation Conference was held in Singapore in June 2018.

The 2nd IVSC/WAVO Global Valuation Conference was held in Frankfurt, Germany on 13-14th.June 2019. Following the re-opening of post COVID travel, the 3rd IVSC/WAVO Global Valuation Conference was held successfully in Berlin, Germany on 29-30th June 2022. The 4th IVSC/WAVO Global Valuation Conference was successfully held in New Zealand from 7-9 June, 2023.

The 5th IVSC-WAVO Global Valuation Conference, to be hosted by the API, will be held in Sydney in June 2025


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One of the main goals of World Association of Valuation Organisations (WAVO) is to be the global umbrella organisation for Valuation Professional Organisations (VPOs) through our Global Education Hub. This Educational Portal is set to contain numerous education courses from across the globe, which will set the backdrop of governing quality control of education compliance with the International Valuation Standards (updated IVS 2024/2025) and ensuring competency by all VPOs worldwide. Understanding and applying IVSC standards form part of WAVOs efforts to continue the development the Global valuation profession. We intend to apply IVSC standards for training valuers to provide transparency and consistent approach, critical for cross-border transactions and international business deals.
Quote by Executive President Robert Hecek

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