Summary: The Institute of Chartered Accountants of India (ICAI), through its Insolvency, Bankruptcy and Valuation Standards Board, has invited public comments on the Exposure Drafts of ICAI Valuation Standards, 2026, with a submission deadline of 22 November 2026. The proposed revision updates the ICAI Valuation Standards, 2018, taking into account emerging valuation practices, international standards, regulatory requirements and stakeholder suggestions. Seven draft documents have been released, covering the valuation reporting framework, valuation bases, approaches and methods, reporting and documentation, business valuation, intangible assets and financial instruments. The initiative seeks to improve consistency, transparency, reliability and quality in valuation practices relevant to financial reporting, mergers and acquisitions, insolvency resolution and restructuring. Stakeholders may submit their suggestions electronically through the Exposure Draft section of the Board’s website, by email at commentsvsb[at]icai[dot]in, or by post to ICAI Bhawan, Sector 62, Noida. ICAI will consider the feedback while finalising the Indian Valuation Standards.
Institute of Chartered Accountants of India
ANNOUNCEMENT
Request for valuable suggestions on the Exposure Draft of ICAI Valuation Standards, 2026 by Insolvency, Bankruptcy and Valuation Standards Board of ICAI latest by 22nd November 2026.
Valuation plays a critical role in financial reporting, mergers and acquisitions, insolvency resolution, restructuring and various other financial and commercial decisions. Consistency, transparency and reliability in valuation practices are essential to enhance the quality and credibility of valuation outcomes.
To promote uniformity, consistency and quality in valuation practices, The Institute of Chartered Accountants of India (ICAI) constituted the Valuation Standards Board (VSB) in 2017-18, which formulated the ICAI Valuation Standards, 2018 and issued related guidance and technical materials to facilitate their implementation. The Standards provide a framework of accepted valuation principles and practices, aligned with international practices while considering India’s prevailing legal and regulatory framework.
Building upon the foundation of the ICAI Valuation Standards, 2018, ICAI through its Insolvency, Bankruptcy and Valuation Standards Board (IB and VSB), has undertaken a comprehensive revision and updation of these Standards to keep them aligned with evolving valuation practices and regulatory requirements.
The revision takes into consideration the inputs and suggestions received from valuation experts and stakeholders, wherever appropriate and encompasses emerging developments in valuation, relevant International Valuation Standards, applicable laws and regulations and the specific requirements of the Indian valuation ecosystem.
In furtherance of its commitment to transparency, objectivity and wider stakeholder participation in the standard-setting process, the Exposure Drafts of the ICAI Valuation Standards, 2026 are hereby being issued for public comments and suggestions.
The following draft of the ICAI Valuation Standards, 2026 have been exposed for public comments to be received latest by 22nd November, 2026:
1. Framework for the Preparation of Valuation Report in accordance with the Indian Valuation Standards
2. ICAI Valuation Standard 102- Valuation Bases
3. ICAI Valuation Standard 103 – Valuation Approaches and Methods
4. ICAI Valuation Standard 202 – Reporting and Documentation
5. ICAI Valuation Standard 301 – Business Valuation
6. ICAI Valuation Standard 302 – Intangible Assets
7. ICAI Valuation Standard 303 – Financial Instruments
Further, comments can be submitted using one of the following methods, so as to be received not later than 22nd November, 2026.
1. Electronically: At the link given in the Exposure Draft section of each of the Standards on the IB and VSB’s page under “EXPOSURE DRAFT” Section. (Preferred method)
2. Email: Comments can be sent to commentsvsb[at]icai[dot]in
3. Postal: Secretary, Insolvency, Bankruptcy and Valuation Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, A – 29 | Sector – 62 | Noida – 201 309.
You are requested to give your suggestions/ inputs on the Draft Standards latest by 22nd November, 2026, your suggestions will help us in finalising the Indian Valuation Standards.
Looking forward for your valuable suggestions at the earliest.
With Regards,
Chairman
Insolvency, Bankruptcy and Valuation Standards Board
The Institute of Chartered Accountants of India
Vice-Chairman
Insolvency, Bankruptcy and Valuation Standards Board
The Institute of Chartered Accountants of India
