PCPS advocacy initiatives.

• Position: Update - Letter to the editor

Advocacy on behalf of our members is a critical component of the PCPS mission. Here's an update on some of the issues we're following:

* The Institute successfully advocated for a revision in rulemaking from the Small Business Administration (SBA) on business valuations prepared when lenders and development companies participate in SBA loan programs. The SBA removed more restrictive language to allow valuations by CPAs under the AICPA Statement on Standards for Valuation Services (SSVS) No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset. Separately, PCPS members also should be aware that the SBA has made efforts to unlock credit and ease other impacts of...