AICPA Statement on Standards for Valuation Services.
| Position | AICPA News |
The AICPA has released a new professional standard on valuation services, Statement on Standard on valuation services, Statement on Standards for Valuation Services No. 1 (SSVS No. 1) "Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset."
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The standard, effective Jan. 1, 2008, specifies two types of engagements: Valuation engagements and calculation engagements. For valuation engagements, two types of written reports are...
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