The importance of international cooperation around standards and practices was addressed for the first time as more than a remote concept when The Appraisal Foundation (TAF) held its Business Valuation Roundtable in Washington, D.C. In fact, based on input from international regulators, there has been a palpable change of tone from “exploration” to “mandate.” The most tangible evidence is the joint effort to move ahead quickly on a new certification for valuation for financial reporting that will potentially be more robust than the current certifications.