Second business valuation exposure draft released.

• Position: AICPA News

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

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The standard would apply to AICPA members who perform valuation services in a variety of circumstances, including tax, mergers and acquisitions, litigation, financial planning and fair value measurements in financial reporting.

This is the second public exposure of the proposed standard. CalCPA Council opposed the previous exposure draft...