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Accounting and Corporate Regulatory Authority

Institute of Valuers and Appraisers Singapore (IVAS)

IVAS is Singapore's professional body for business valuation, which aims to foster professional excellence and develop Singapore as a centre of excellence.

Last updated 3 April 2026

About IVAS

Established under the umbrella of ACRA, IVAS seeks to foster professional excellence in the areas of business valuation and develop Singapore into a Centre of Excellence in business valuation through:

  • Promotion of professional valuation standards;

  • Setting of ethical and professional standards of practice;

  • Contributions in thought leadership, research, and development;

  • Provision of quality education and training curriculum; and

  • Promotion of professional qualification and certification in business valuation.

Through these initiatives, IVAS will seek to broaden the talent pool, deepen the expertise of business valuation professionals, uphold the public trust in the role they perform and enhance the reputation of the business valuation profession in the region.

IVAS launched the Chartered Valuer and Appraiser (CVA) programme in 2016, which is Asia’s first professional business valuation certification programme that is benchmarked against international standards. 

IVAS is a member of the International Valuation Standards Council (IVSC), the global standard setter for valuation.

IVAS Council

The IVAS Council oversees all IVAS initiatives and provides strategic direction to promote, facilitate and support the growth and development of the business valuation field in Singapore.

It comprises experienced industry practitioners from diverse backgrounds, all committed to upholding high standards of ethics and professionalism for business valuation.  

Council members

Name

Organisation

Mr Lie Kok Keong, CVA (Chairperson)

PwC

Ms Angela Lock

GIC

Mr Ashish R. McLaren, CVA

Kroll

Mr Chong Yee Leong

Allen & Gledhill

Mr Christopher Tan, CVA

PwC Singapore

Ms Chua Ai Leng, CVA

Ernst & Young Solutions LLP

Mr Henry Tan, CVA

CLA Global TS

Mr Jamesy Laya, CVA

KPMG Singapore

Ms Kuldip Gill

Accounting and Corporate Regulatory Authority

Mr Leonard Woo, CVA

Deloitte Singapore

Mr Tan Kong Hwee

Intellectual Property Office of Singapore

Mr Wayne Lee, CVA

W Capital

IVAS Working Groups

The IVAS Working Groups are established by the IVAS Council to support key initiatives across four areas: Certification and disciplinary standards, learning and assessment, professional development, and standards and technical guidance. 

Each group plays a vital role in maintaining professional excellence and advancing the Business Valuation profession.

Certification and Disciplinary Working Group (CDWG)

The CDWG oversees the certification of business valuers and appraisers as Chartered Valuers and Appraisers. It develops alternative pathways to recognise professional business valuation expertise and oversees the IVAS Disciplinary Framework.

CDWG members: 

  • Mr Henry Tan, CVA (Chairperson)

  • Ms Doreen Quek, CVA

  • Mr Ong Woon Pheng, CVA

  • Mr Mah Kah Loon, CVA

  • Mr Shao Kwan Kiat, CVA

  • Ms Wong Bee Eng, CVA

Learning and Assessment Working Group (LAWG)

The LAWG oversees learning and assessment matters for the Chartered Valuer and Appraiser (CVA) Programme.

LAWG Members:

  • Mr Christopher Tan, CVA (Chairperson)

  • Ms Chua Ai Leng, CVA

  • Mr Chew Kwan Eng, CVA

  • Mr He Yun Rui

  • Mr Jason Doan, CVA

  • Prof Low Buen Sin, CVA

  • Associate Prof Patricia Tan

  • Associate Prof Tong Yen Hee

  • Adjunct Prof Eric Teo, CVA

  • Dr Lee Chu Yeong

Professional Development Working Group (PDWG)

The PDWG oversees the Accountancy Sector Skills Framework for Business Valuation and the Continuing Professional Development (CPD) Framework to promote professional standards and best practices among CVA holders.  It reviews relevant CPD programmes, manages IVAS learning and development initiatives, and coordinates outreach efforts with relevant industry partners. 

PDWG Members:

  • Mr Jamesy Laya, CVA (Chairperson)

  • Ms Selena Ling

  • Mr Alex Tan, CVA

  • Mr Kelvin Song, CVA

  • Mr Leonard Woo, CVA

  • Ms Mary Jade Roxas-Divinagracia, CVA

Standards and Technical Working Group (STWG)

The STWG oversees the development and publication of practice guides and provides guidance on research and development in valuation matters. It engages regulators to enhance the:

  • Positioning of IVAS; and

  • Professionalism and technical competency of CVA holders. 

STWG members:

  • Mr Ashish McLaren, CVA (Chairperson)

  • Mr Chay Yiowmin, CVA

  • Ms Chua Ai Leng, CVA

  • Mr Jay Moorthy, CVA

  • Ms Josephine Hong, CVA

  • Mr Loh Yee Chuan, CVA

  • Mr Mun Siong Yoong, CVA

  • Mr Navin Maheshwari, CVA

  • Ms Qiu Wenqi, CVA

  • Mr Richard Goh, CVA

  • Ms Lee Pei Xuan, CVA

  • Ms Fiona Neo, CVA