CalCPA remains opposed to BV exposure draft.

• Position: CalCPA News - California Society of Certified Public Accountants, business valuation - Brief article

The AICPA has released a new exposure draft of the Proposed Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset.

The standard would apply to AICPA members who perform valuation services in a variety of circumstances, and could apply to simple tax compliance work that includes valuation calculations.

CalCPA Council is opposed to the inclusion of tax in the standard. To read comment letters from CalCPA, visit...