12.11.2009 APLR Admitted as Member of International Valuation Standards Council (IVSC)

Annual General Meeting of International Valuation Standards Council (IVSC) taking place on 5-7 November, 2009 in Madrid, Spain, admitted APLR as a valuation professional organization member of IVSC.

The IVSC is an independent, not-for-profit, private sector organization being in existence for more than 25 years. Currently 48 countries from around the world are represented on the IVSC, the objectives of which are to develop and maintain a highly effective set of  international valuation standards, acceptable to the world’s capital market organizations, regulators and market participants; work toward greater compatibility and harmonization between local or regional requirements and the international valuation standards; contribute to the development of the global valuation profession and protect the public interest by encouraging best practices by the global valuation profession.

Being the IVSC member, APLR will more intensively contribute to setting education and ethical standards in the field of valuation; provide training and ensure certification for individual valuers; elaborate policy of promoting adoption and use of IVS within Georgian markets; support for IVSC objectives by contributing to or participating in IVSC’s professional standard-setting activities and by ensuring development and implementation of standards on professional conduct and practice.