ASB answers FAQ on USPAP

BVWireIssue #49-3
October 18, 2006

For instance—has any advice been issued to help understand the new SCOPE OF WORK RULE and its use? That’s the ninth in the series of thirty most frequently asked questions, which the Appraisal Standards Board has issued in connection with the newly-revised Uniform Standards of Professional Appraisal Practice. Also available: a USPAP question-of-the-month: September’s focuses on trainee access to work files. To see the entire Q&A, click here. And—oh, the answer to #9: “Yes, the ASB issued two new Advisory Opinions: (1) AO-28 Scope of Work Decision, Performance, and Disclosure; and (2) AO-29, An Acceptable Scope of Work.

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