For those valuation experts who must comply with both the AICPA’s valuation standards (VS Section 100) and the International Valuation Standards (IVS), the AICPA has issued a “bridging” document. “This bridging document provides a framework for identifying the common requirements as well as the differences between the two standards that, in turn, will help members incorporate procedures and reporting requirements that may be needed to ensure compliance with both valuation standards,” the AICPA says.

The 28-page bridging document is available to AICPA members and nonmembers alike, and you can download it if you click here. Nonmembers will have to register to create a free account to access the document. If you have any questions about the bridging document, please email Mark Smith, the organization’s director of valuation services.