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TEGoVA pre-launches European Business Valuation Standards (EBVS), effective immediately

May 7, 2020

Announcement

Krzysztof Grzesik, Chairman of TEGoVA, said "Europe has reached a tipping point that can only be accelerated by the current crisis - the EU is now the dominant sculptor of our regulatory environment and valuers can no longer limit their horizons to the national policy and regulatory framework. These, the first ever truly European Business Valuation Standards, prepared by highly skilled professionals, finally provide business valuers with a common European approach anchored in the EU legal order."

Danijela Ilić, Chair of the European Business Valuation Standards Board and Member of the Board of TEGoVA, said "EBVS will impose consistency in the most important issues in business valuation, across the Union and beyond to EU candidates and neighbours. The Standards institute procedures conducive to clearly prepared, unambiguous valuation reports that are consistent with EU regulation and accounting standards, helping businesses to reap the full benefits of the EU internal market's free movement of people, goods, services and capital.

The Standards are effective immediately, but given the current restrictions on movement, the formal launch event will take place on Friday 30 October in Brussels.

EBVS 1st Edition - 2020 -