Exposure Drafts of ICAI Valuation Standards, 2026
ICAI Invites Public Comments on Exposure Drafts of ICAI Valuation Standards, 2026 – Submit Suggestions by 22 November 2026
The Institute of Chartered Accountants of India (ICAI), through its Insolvency, Bankruptcy and Valuation Standards Board (IB and VSB), has invited comments, suggestions and feedback from professionals and other stakeholders on the Exposure Drafts of the ICAI Valuation Standards, 2026.
Valuation is an important component of financial reporting, mergers and acquisitions, insolvency proceedings, corporate restructuring and several other financial and commercial transactions. Maintaining consistency, transparency and reliability in valuation practices is therefore essential to ensure credible and well-supported valuation outcomes.
With a view to establishing uniformity and improving the quality of valuation practices, ICAI constituted the Valuation Standards Board (VSB) during 2017-18. The Board subsequently developed the ICAI Valuation Standards, 2018, along with supporting guidance and technical publications to assist professionals in their practical application.
Considering developments in valuation methodologies, changes in the regulatory environment and evolving international practices, ICAI has undertaken a comprehensive review and revision of the existing standards. The exercise also takes into account stakeholder feedback, relevant International Valuation Standards and the requirements of India’s legal and regulatory framework.
As part of this revision exercise and to encourage wider professional participation, ICAI has released the following Exposure Drafts of the proposed ICAI Valuation Standards, 2026 for public consultation:
Exposure Drafts released for public comments
- Framework for the Preparation of Valuation Report in accordance with the Indian Valuation Standards
- ICAI Valuation Standard 102 – Valuation Bases
- ICAI Valuation Standard 103 – Valuation Approaches and Methods
- ICAI Valuation Standard 202 – Reporting and Documentation
- ICAI Valuation Standard 301 – Business Valuation
- ICAI Valuation Standard 302 – Intangible Assets
- ICAI Valuation Standard 303 – Financial Instruments
How to submit comments and suggestions
Interested professionals, stakeholders and other concerned persons may submit their feedback on the Exposure Drafts through any of the following channels. All submissions must reach ICAI on or before 22 November 2026.
1. Online submission (Preferred mode)
Comments may be submitted electronically through the respective submission links available under the ‘Exposure Draft’ section of each Standard on the IB and VSB page of ICAI.
2. Email: Suggestions and comments may be sent to: commentsvsb@icai.in
3. By Post: Written submissions may also be sent to:
The Secretary,
Insolvency, Bankruptcy and Valuation Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, A-29, Sector 62,
Noida – 201309.
Last Date for Submission: 22 November 2026
ICAI has encouraged professionals and other stakeholders to examine the proposed standards and share their observations, suggestions and recommendations within the prescribed timeline.
The feedback received during this consultation process will assist ICAI in reviewing and finalising the revised Indian Valuation Standards, with the objective of strengthening the valuation framework and promoting greater consistency and transparency in professional valuation practices.
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