Does the Uniform Standards of Professional Appraisal Practice (USPAP) apply to the valuation of businesses?
In general, USPAP has developed standards for all appraisal disciplines. Standards 9 and 10 , recently modified as of January 1, 2000, of USPAP Standards apply specifically to business valuation. Appraisals that will be utilized by lending institutions backed by federal agencies are required to comply with USPAP. Many of the appraisal societies require their appraisers to follow USPAP guidelines regardless as to the use of the appraisal.
Related Questions
- What does "consistent" mean with respect to the appraisal criteria and the provisions of Uniform Standards of Professional Appraisal Practice (USPAP)?
- Does the Uniform Standards of Professional Appraisal Practice (USPAP) apply to the valuation of businesses?
- WHERE CAN I GET COPIES OF THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE(USPAP)?
