CalCPA remains opposed to BV exposure draft.

The 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.

The standard would apply to AICPA members who perform valuation services in a variety of circumstances, 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 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.