The Business Valuation Committee of the American Society of Appraisers (ASA) has released its fifth business valuation Special Topics-Technical Paper: “Consideration of Stock-Based Compensation in the Valuation Process.” This is part of a series of papers that represent the recommended approaches on special topic issues that the ASA’s Business Valuation Committee has reviewed and approved. However, the ASA points out that these approaches do not constitute a standard and are not authoritative. “Facts and circumstances could require the use of further professional judgment and a different approach,” the ASA says. The other papers in the series are:
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