CalCPA remains opposed to BV exposure draft.The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). has released a new exposure draft of the Proposed Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. . The standard would apply to AICPA members who perform valuation services in a variety of circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , and could apply to simple tax compliance work that includes valuation calculations. CalCPA Council is opposed to the inclusion of tax in the standard. To read comment letters from CalCPA, visit www.calcpa.org/BUZZ/ValuationGR.htm. Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the proposed standard from http://bvfls.aicpa.org/Resources/Second+Exposure+Draft+of+Proposed+Valuation+Standards.htm. CalCPA encourages you to comment on the proposed standards. Comments are due Dec. 15. |
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