The Institute of Valuers and Appraisers, Singapore (IVAS) was set up by the Singapore Accountancy Commission (SAC) in 2013 to develop Singapore into a centre of excellence for Business Valuation.
IVAS’ initiatives seek to broaden the Business Valuation talent pool, deepen their expertise, and enhance their reputation in the region. In 2016, IVAS launched Asia's first professional Business Valuation certification, the Chartered Valuer and Appraiser programme. IVAS also develops competency frameworks, and promotes professional valuation standards.
IVAS is a member of the International Valuation Standards Council (IVSC), the global standard setter for valuation.
Demand for Business Valuation
Business Valuation is the process of determining the value of businesses, securities and assets including financial, tangible and intangible assets. It is an area that is rapidly gaining prominence in Singapore and in Asia. The Singapore Government’s Committee on the Future Economy’s (CFE) Working Group on Legal and Accounting Services has identified Business Valuation as one of the nine high growth areas. Demand for Business Valuation services is coming from:
• the rise in merger and acquisition (M&A) activities;
• Singapore’s growth as a centre for litigation proceedings and arbitration;
• growing importance of intellectual property in business; and,
• the use of fair value measurement in the financial reporting framework.
Need for Business Valuation services in the corporate environment
A wide range of professions would require Business Valuation expertise when handling work in areas such as Financial Reporting, Transactions, and Litigation and Arbitration.
IVAS Council
The IVAS Council oversees all initiatives by IVAS and comprises industry practitioners from a wide variety of backgrounds, all dedicated to serving high standards of ethics and professionalism for Business Valuation standards in Singapore.
Mr Lie Kok Keong, CVA (Chairman)
PwC
Ms Sandy Foo
Rajah & Tann
Ms Selena Ling
OCBC Bank
Mr Andrew Ooi, CVA
Deloitte Southeast Asia
Mr Andre Toh, CVA
Ernst & Young Solutions LLP
Mr Christopher Tan, CVA
PwC Singapore
Mr Jamesy Laya, CVA
KPMG Singapore
Mr Henry Tan, CVA
Nexia TS
Mr Wayne Lee, CVA
W Capital
Mr Ashish R. McLaren, CVA
Kroll
Mr Philip Fernandez
DBS
Ms Rena Lee
Intellectual Property Office of Singapore
Mr Evan Law
Accounting and Corporate Regulatory Authority