The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international technical and ethical standards for valuations on which investors and others rely. In developing its standards and technical guidance, IVSC follows a process of issuing discussion papers and exposure drafts for public comment. The IVSC is recognised by the United Nations Department of Economic and Social Affairs.