As regional M&As spike, Singapore’s business valuation body sees benefit of standardised practices across countries

AMID an increasing volume of mergers and acquisitions (M&As) conducted globally, the Institute of Valuers and Appraisers, Singapore (IVAS) is looking to roll out its Chartered Valuer and Appraiser (CVA) programme to markets in South-east Asia, in a bid to standardise valuation practices across the region.

The goal is to have the CVA certification recognised and accepted as a “trustworthy hallmark” of business valuation by countries beyond Singapore, IVAS council chair Lie Kok Keong told The Business Times in an interview.

“IVAS has done reasonably well in the Singapore market (in having the CVA designation recognised). Now we would like to expand our footprint in the region,” he said. Lie is also the co-head of PwC Singapore’s M&A advisory practice and head of its valuation practice.