IVSL Valuer Exam study guide
IVSL Valuer Exam · Work through your exam, one topic at a time.
The Institute of Valuers of Sri Lanka (IVSL) is the body established under the Institute of Valuers of Sri Lanka Law No. 33 of 1975, as amended by Act No. 09 of 2019, and it describes itself as the governing body for the valuation profession in Sri Lanka, upholding standards of professional practice, ethics and public trust. This independent study page is aimed at candidates preparing for IVSL valuation examinations or professional certification, whether they are entering through student membership or consolidating practice knowledge. Topics on this exam: Professional Practice and Valuation Standards, Professional Ethics and Code of Conduct, Property and Asset Valuation, and Regulatory and Legal Framework of the Valuation Profession in Sri Lanka. The IVSL Valuer Exam study guide has 4 sections and about 1,394 words.
01Professional Practice and Valuation Standards
Domain 1 tests whether you can run an engagement end to end under IVSL practice and the Sri Lanka Valuation Standards (SLVS), which follow the IVSC International Valuation Standards. Agree written terms of engagement before inspection: client, purpose, asset, basis of value, valuation date, scope of inspection, assumptions, fee and liability.
352 words, about 2 min02Professional Ethics and Code of Conduct
Domain 2 tests the IVSL Code of Ethics and how you behave when commercial pressure meets professional judgement. Expect scenarios on conflicts, fees, confidentiality and holding out.
327 words, about 2 min03Property and Asset Valuation
Domain 3 tests technical valuation of land, buildings and other assets in Sri Lankan conditions: tenure, units of measure, approach selection, depreciation and adjustment. Freehold, leasehold, statutory permits and state land grants carry different rights and therefore different values.
297 words, about 1 min04Regulatory and Legal Framework of the Valuation Profession in Sri Lanka
Domain 4 tests the statutes that create the profession and the statutes valuers work under. The Institute of Valuers of Sri Lanka is a statutory body created by the Institute of Valuers of Sri Lanka Act No.
418 words, about 2 min