Grant Thornton New Zealand is delighted to announce Jay Shaw’s appointment to the Business Valuation Board of the International Valuation Standards Council (IVSC), the pre-eminent global valuation standards setter for the business valuation profession.
Shaw is a Partner of Grant Thornton New Zealand and a Chartered Accountant with Chartered Accountants Australia and New Zealand. He has extensive business valuation experience both in New Zealand and Europe across a wide range of industries, from entrepreneurial privately held businesses through to large listed multinational companies.
“The global financial crisis showed us that financial market stability depends on investors having confidence in the professional valuations of a corporation’s assets and liabilities. Similarly, business owners need to have confidence that valuations prepared by professional valuers are fit for purpose, whether that is to create, defend, or communicate value”, says Shaw.
“I look forward to directly contributing to the IVSC’s mission to develop high quality and internationally accepted business valuation standards to underpin consistency, transparency and confidence in valuations in New Zealand and globally”.
Based in London, the IVSC is an independent, not-for-profit, private sector organisation. As the established international standard setter for business valuations, the IVSC develops and maintains standards for the reporting and disclosure of valuations, and various classes of assets and liabilities. IVSC’s updated 2017 International Valuation Standards are due to be released soon.
Grant Thornton New Zealand’s National Managing Partner, Tim Downes commented, “This is an outstanding accolade for Jay and for Grant Thornton; it underlines Grant Thornton’s focus on quality and the highest standards of professionalism and excellence across all of our services, all of the time.”
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