Professional Standards

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It is important that users of business valuation services are aware of these professional standards.

Uniform Standards of Professional Appraisal Practice

The Uniform Standards of Professional Appraisal Practice (USPAP) have been adopted by major appraisal organizations in North America and has become widely recognized as the generally accepted standards of appraisal practice.  Standards 9 and 10 discuss the development and reporting of business valuations.  Click here to view the latest edition of the standards.
 

American Society of Appraisers Business Valuation Standards

The Business Valuation Committee of the American Society of Appraisers (ASA) has adopted standards that relate specifically to business valuation engagements. Click here to view the standards.
 

Standards of the National Association of Certified Valuation Analysts

The Professional Standards of the National Association of Certified Valuation Analysts (NACVA).  Click here to view the standards.
 

Standards of the Institute of Business Appraisers

The Professional Standards of the Institute of Business Appraisers (IBA).  Copies of these standards may be ordered directly from the IBA online click here.
 

Guidelines of the Internal Revenue Service

The business valuation guidelines of the IRS are a synthesis of USPAP, Revenue Ruling 59-60, and other similar standards.  Click here to view the standards.