Practice Standards

Members must comply with and adhere to all Practice Standards, since they represent a minimum required standard of care. It must be remembered, however, that compliance with Practice Standards is not necessarily compliance with all obligations required of Members under the Code of Ethics and applicable law.

Failure to comply with the Practice Standards is a breach of a Member’s ethical obligations and the Institute can take action considered appropriate by the Board of Directors.

Standard No. 110 Valuation Report Standards and Recommendations.
Appendix A to Standard No. 110 Valuation Reports Prepared for Purposes of Securities Legislation, Regulation or Policies
Appendix B to Standard No. 110 Valuation for Financial Reporting
Standard No. 120 Valuation Reports – Scope of Work Standards and Recommendations
Standard No. 130 Valuation Reports – File Documentation Standards and Recommendations
Standard No. 210 Advisory Reports – Report Disclosure Standards and Recommendations
Standard No. 220 Advisory Reports – Scope of Work Standards and Recommendations
Standard No. 230 Advisory Reports – File Documentation Standards and Recommendations
Standard No. 310 Expert Reports – Report Disclosure Standards and Recommendations
Standard No. 320 Expert Reports – Scope of Work Standards and Recommendations
Standard No. 330 Expert Reports – File Documentation Standards and Recommendations
Standard No. 410 Limited Critique Reports – Reporting Standards and Recommendations
Appendix A to Standard No. 410 Labour Sponsored or Venture Capital Fund Valuation Reports Report Disclosure Standards and Recommendations
Standard No. 420 Limited Critique Reports – Scope of Work Standards and Recommendations
Standard No. 430 Limited Critique Reports – File Documentation Standards and Recommendations
Standard No. 510 Fairness Opinions – Disclosure Standards and Recommendations
Standard No. 520 Fairness Opinions – Scope of Work Standards and Recommendations
Standard No. 530 Fairness Opinions – File Documentation Standards and Recommendations
Standard No. 610 Investment Entity Review Report – Report Disclosure Standards and Recommendations
Standard No. 620 Investment Entity Review Report – Scope of Work Standards and Recommendations
Standard No. 630 Investment Entity Review Report – File Documentation Standards and Recommendations