“Rome was not built in a day,” but efforts are underway to do it faster for international valuation standards. At the recent World Congress of Accountants, Sir David Tweedie, chair, International Valuation Standards Council, outlined the challenges facing the valuation profession when he stated and questioned the following: “The profession developed as secondary specialization by experts working in different types of asset classes. It led to a fragmentation by asset type. Skills are regarded as technique rather than as a profession. What are the accepted qualifications? Lack of recognition by regulators, other professions, and prospective recruits.” Globally accepted professional standards…