Standards for Business Valuations released for comment.A draft of proposed Business Valuation Standards has been released by the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). for comment. The proposed standards consist of guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. for the development of valuation conclusions and reporting on the results. The standards would apply to AICPA members who perform valuation services in a variety of circumstances, including tax, mergers and acquisitions, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and financial reporting. Users of CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. valuation services are expected to benefit from these standards, because they encourage consistency and disclosure in valuation development and reporting. Once the standards are final, CPAs who are AICPA members will be required to comply with them when performing a valuation engagement that reaches a conclusion of value or an indication of value. The AICPA estimates that 25,000 CPAs currently provide Business Valuation and Forensic & Litigation Services, and developed the proposed standards to improve the consistency and quality of practice among members who perform BV engagements. For more information about the AICPA's draft Business Valuation standards, visit www.aicpa.org/BVFLS. For information about the AICPA Business Valuation and Forensic & Litigation Services Membership Section and its Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. in Business Valuation credential, visit www.aicpa.org/BVFLS and select "Membership." |
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