Valuation and Reporting Guidelines
The Valuation Guidelines are based on the concept of fair market value, as opposed to historical cost. There is no substantive difference between these International Guidelines and the pre-existing AVCAL fair market value Guidelines. A revised version of the IPEV Guidelines was subsequently released in December 2012.
AVCAL asks each of its Investor Members to apply these Guidelines when reporting valuations to Investors.
These guidelines were adopted by the AVCAL Council on 17th June 2004. All members must use these guidelines, effective 1 January 2005. In October 2012, the IPEV Investor Reporting Guidelines were also released.