International Association of Consultants,Valuators and Analysts707 Eglinton Avenue West, Suite 501Toronto, Ontario M5N 1C8, Canada29 October 2009International Valuation Standards Board41 MoorgateLondon EC2R 6PPUnited KingdomLadies and GentlemenThis letter of comment is submitted on behalf of the International Association ofConsultants, Valuators and Analysts (IACVA). We are a knowledge transfer andcredentialing organization with Charters in China, Germany, Ghana, Middle East,South Korea, Taiwan and the United States. Our nearly 8,000 members areinvolved in business valuation and fraud deterrence.They are extremely concerned with the development of International ValuationStandards and therefore IACVA is a member of the International ValuationStandards Council (IVSC). Our view is that there should be only one set ofstandards and best practices worldwide preferably through the IVSC.With respect to IVSC Exposure Draft of August 2009 “The Valuation ofInvestment Property under Construction”, our comments are as follows:Question 1Do respondents agree that it is appropriate that the Exposure Draft extends toinclude the valuation of investment property under construction for all purposesbut not to other types of property under construction?IACVA believes that the problems of valuing assets under construction aresufficiently significantly, that restrictions of the Guidance Note to investmentproperty as in the Exposure Draft is wrong. It is likely to lead ...