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33-601: IVSC is responsible for developing the International Valuation Standards and associated technical guidance. To ensure that the public interest is effectively protected, it also engages with other bodies active in the regulation of the financial markets to ensure that valuation issues are properly understood and reflected. IVSC works cooperatively with national professional valuation institutes, users and preparers of valuations, governments, regulators and academic bodies, all of whom can become members of IVSC and play

66-590: A UN General Assembly concern and goal since 1970. Since 1984, the UN Secretariat , in order to achieve early gender equality, issued several five-year "action plans", including strategic plans, to improve the status of women in the secretariat. These plans, however, did not have the desired impact, and progress in achieving gender parity remained slow. In December 1994, the UN General Assembly's "disappointment" that its gender equality target were not met urged

99-561: A board of trustees responsible for the strategic direction and funding of the organisation. The trustees are also responsible for the appointment of the Standards Boards and Membership and Standards Recognition Board. The current board of trustees comprises: Notable former members: The origins of IVSC lie in the International Assets Valuation Standards Committee (TIAVSC) that was formed in 1981 with

132-488: A preamble to the IVS. The IVS Framework consists of general principles for valuers following the IVS regarding objectivity, judgement, competence and acceptable departures from the IVS. The contents contain information on Compliance with Standards, Assets and Liabilities, Valuer, Objectivity, Competence and Departures. The five General Standards set forth requirements for the conduct of all valuation assignments, including establishing

165-635: A restructuring of the organization in 2008, its name was again changed, this time to the International Valuation Standards Council. As of 2022, the IVSC has over 180 organisations in membership from around the world. The organisations in membership accredit and regulate the conduct of individual valuers who specialize in the valuation of many different types of assets and liabilities, such as business interests, real property, intangibles, capital equipment and financial instruments. The IVSC and

198-516: A role analogous to a ministry of foreign affairs , is a part of the secretariat. So is the Department of Peace Operations . The secretariat is the main source of economic and political analysis for the General Assembly and Security Council; it administers operations initiated by UN's deliberative organs, operates political missions, prepares assessments that precede peacekeeping operations, appoints

231-523: A role in advising the Boards on their agenda priorities. In developing its standards and technical guidance, IVSC follows a process of issuing discussion papers and exposure drafts for public comment. The IVSC is recognised by the United Nations Department of Economic and Social Affairs . The objectives of the IVSC are to strengthen the worldwide valuation profession by: The IVSC is governed by

264-399: A scientific adviser, create a peacebuilding support office, establish a cabinet-style decision-making mechanism, and strengthen the mediation function. He also asked the General Assembly to appropriate funds for a one-time staff buyout; to work with him in revising budgetary and human resources rules; to grant the secretary-general more managerial authority and flexibility; to strengthen

297-568: Is a wide one. Dag Hammarskjöld , the UN's second secretary-general, described its power as follows: "The United Nations is what member nations made it, but within the limits set by government action and government cooperation, much depends on what the secretariat makes it. It has creative capacity. It can introduce new ideas. It can, in proper forms, take initiatives. It can put before member governments findings which will influence their actions". The United Nations Department of Political Affairs , which has

330-637: Is also a member of the United Nations Development Group . Since 2007, leadership positions in UN DESA have been held by representatives from the People's Republic of China . UN DESA has been used to promote China's Belt and Road Initiative . United Nations Secretariat The United Nations Secretariat is one of the six principal organs of the United Nations (UN), The secretariat

363-414: Is the UN's executive arm. The secretariat has an important role in setting the agenda for the deliberative and decision-making bodies of the UN (i.e., the General Assembly, Economic and Social Council, and Security Council), and the implementation of the decision of these bodies. The secretary-general , who is appointed by the General Assembly, is the head of the secretariat. The mandate of the secretariat

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396-527: The International Organization of Securities Commissions (IOSCO) announced a Cooperation Agreement in 2022 with a focus on enhancing international valuation standards and professionalism. The International Valuation Standards (IVS) are international standards that consist of various actions required during the undertaking of a valuation assignment supported by technical information and guidance. The IVSC's technical boards are responsible for

429-628: The United Nations Economic and Social Council and the Second and Third Committees of the United Nations General Assembly . UN DESA assists countries around the world in agenda-setting and decision-making with the goal of meeting their economic, social and environmental challenges. It supports international cooperation to promote sustainable development for all, having as a foundation the 2030 Agenda for Sustainable Development and

462-448: The 17 Sustainable Development Goals ( SDGs ) as adopted by the UN General Assembly on 25 September 2015. In providing a broad range of analytical products, policy advice, and technical assistance, UN DESA effectively translates global commitments in the economic, social and environmental spheres into national policies and actions and continues to play a key role in monitoring progress towards internationally agreed-upon development goals. It

495-613: The D-1 to higher levels will not be achieved until after 102 years. At the D2 level, the representation of women in 2011 was 24.4 percent. To ensure that the gender equality target mandated by the General Assembly is met, the secretariat, in September 1999, promulgated an administrative instruction (AI) on "Special Measures for the Achievement of Gender Equality" (ST/AI/1999/9) Gender Equality A/I echoes

528-627: The General Standards when performing a valuation of a specific asset type. The Asset Standards include certain background information on the characteristics of each asset type that influence value, and additional asset-specific requirements on common valuation approaches and methods used. The Asset Standards are IVS 200 Business and Business Interests, IVS 210 Intangible Assets, IVS 300 Plant and Equipment, IVS 400 Real Property Interests, IVS 410 Development Property and IVS 500 Financial Instruments. The IVSC Standards Board intends to continuously review

561-604: The IVS and update or clarify the standards as needed to meet stakeholder and market needs. The board has continuing projects that may result in additional standards being introduced or amendments being made to the standards in this publication at any time. The IVSC has an internationally diverse array of member organisations, which they classify as Valuation Professional Organizations (VPO), Associate Valuation Professional Organizations (AVPO), Institutional Members (IM), Corporate Members (CM), and Academic Members (AM). Members can be sorted by country, name and member type by clicking on

594-466: The Secretary-General" is to "ensure the effective implementation of special measures for gender equality. These measures include mandatory selection of equally or better-qualified women candidates…" Since its creation, the secretariat has undergone extensive reforms. On 21 March 2005, Secretary-General Kofi Annan proposed several reforms for the secretariat. He announced his intentions to appoint

627-512: The UN Charter. Staff-members are appointed by the secretary-general alone and are assigned to the organs of the UN. Staff members are appointed on a temporary or permanent basis, under the discretion of the secretary-general. During staff recruitment, geographical variety is an especially prominent selection factor in order to accurately reflect the scope of member states present in the UN. The charter states that staff members are responsible "only to

660-503: The UN is António Guterres . The secretariat is divided into offices and departments. The hierarchy within each is as follows: As at 31 December 2018, there are 37,505 people employed from more than 140 countries within the secretariat. Eligibility for civil service is based on a UN-administered examination offered worldwide, in addition to a competitive application process. Qualifications for membership include "the highest standards of efficiency, competence, and integrity", according to

693-449: The UN secretariat, at the D1 level, in 2000, was 30.3 percent. Instead of increasing, in the next decade, the representation of women in the secretariat decreased to 26.7 percent. In December 2011, the representation of women in the secretariat at the D1 level was 27.4 percent, an increase of .6 percent over a two-year period. At the current rate of progress, it is estimated that gender parity at

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726-466: The aim of the special measures was to ensure "gender balance in recruitment and promotion". and that special measures would remain in effect until the "goal of gender parity is achieved", and sustained for a period of time. " The secretary-general, in his recommendations to the General Assembly, noted that the " United Nations Secretariat, pursuant to the decision of the Policy Committee chaired by

759-487: The buttons in the header of the columns. The following organizations are listed as sponsors of the IVSC in 2022/23: United Nations Department of Economic and Social Affairs The United Nations Department of Economic and Social Affairs ( UN DESA ) is part of the United Nations Secretariat and is responsible for the follow-up to major United Nations Summits and Conferences, as well as services to

792-636: The development and maintenance of the International Valuation Standards. The boards are independent and solicit public comment by issuing discussion papers and exposure drafts. The latest version of the Standards (IVS 2022) was published in January 2024 and come into effect January 2025. The objective of the International Valuation Standards (IVS) is to increase the confidence and trust of users of valuation services by establishing transparent and consistent valuation practices. A standard within IVS will do one or more of

825-833: The following: The IVS consist of mandatory requirements that must be followed in order to state that a valuation was performed in compliance with the IVS. Certain aspects of the standards do not direct or mandate any particular course of action, but provide fundamental principles and concepts that must be considered in undertaking a valuation. The glossary defines certain terms used in the International Valuation Standards, but does not attempt to define basic valuation, accounting or finance terms, as valuers are assumed to have an understanding of such terms. Defined terms are Asset/Assets, Client, Jurisdiction, May, Must, Participant, Purpose, Should, Significant and/or Material, Subject or Subject Asset, Valuation Purpose or Purpose of Valuation, Valuation Reviewer, Valuer, Weight and Weighting. This serves as

858-810: The goals of, and is in conformity with, the mandate of Articles 8 and 101 of the Charter of the United Nations , and Article 4 paragraph 1 of the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW) . On 4 September 2012, in his annual reports to the General Assembly , titled "Improvement of the Status of Women in the United Nations System", Secretary-General Ban Ki-moon stated that

891-424: The heads of peacekeeping operations, conducts surveys and research, communicates with non-state actors such as media and non-government organizations, and is responsible for publishing all of the treaties and international agreements. The UN secretary-general's duties include helping resolve international disputes, administering peacekeeping operations, organizing international conferences, gathering information on

924-673: The implementation of Security Council decisions, and consulting with member governments regarding various initiatives. Key secretariat offices in this area include the Office of the Coordinator of Humanitarian Affairs and the Department of Peacekeeping Operations. The secretary-general may bring to the attention of the Security Council any matter that, in his or her opinion, may threaten international peace and security. The current secretary-general of

957-499: The objective of developing consistent standards across national borders. The founder members were a number of professional institutes mainly concerned with real property valuation. The Committee changed its name in 1994 to the International Valuation Standards Committee, and from the late 1990s started to include member organisations concerned with the valuation of assets other than real property. Following

990-526: The organization" and are prohibited from any action or influence that would suggest affiliation with a government or organization outside the UN. Headquartered in New York, the secretariat functions through duty stations in Addis Ababa, Bangkok, Beirut, Geneva, Nairobi, Santiago and Vienna, in addition to offices all over the world. One study finds the following factors play a role in the selection of staff for

1023-420: The secretariat: a desire to achieve a minimum number of officials from each state; population size; and lo assessment of dues. The most overrepresented states in the secretariat are small, rich democracies. The Nordic states stand out, in particular, when it comes to overrepresentation. Representation of women in the UN, particularly at managerial and decision-making positions at the D-1 level and above, has been

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1056-420: The secretary-general to prioritize the recruitment and promotion of women to reach to 50/50 representation in D1 and above posts by 2000. In Feb 2004, gender parity target for the secretariat was once again revised to 2015. In 2009, despite the plans, and General Assembly resolutions, the representation of women in the UN secretariat remained well below parity at 29.2 percent. The representation of women in

1089-517: The terms of a valuation engagement, bases of value, valuation approaches and methods, and reporting. They are designed to be applicable to valuations of all types of assets and for any valuation purpose. The General Standards are IVS 101 Scope of Work, IVS 102 Investigations and Compliance, IVS 103 Reporting, IVS 104 Bases of Value and IVS 105 Valuation Approaches and Methods. The Asset Standards include requirements related to specific types of assets. These requirements must be followed in conjunction with

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