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Business Valuation Standards are codes of practice that are used in business valuation. The major business appraisal standards are these:
In addition, each of the three major United States valuation societies—the American Society of Appraisers , American Institute of Certified Public Accountants , and the National Association of Certified Valuation Analysts —has its own set of Business Valuation Guidelines, which it requires all of its accredited members to adhere to. The AICPA's standards are published as Statement on Standards for Valuation Services No.1 and the ASA's guidelines are published as the ASA Business Valuation Guidelines, which largely follow the USPAP Standard requirements. All AICPA members are required to follow SSVS1. Additionally, the majority of the State Accountancy Boards have adopted SSVS1 for CPAs licensed in their state.