The Business Valuation Resource Panel (BVRP) of The Appraisal Foundation (TAF) has issued an exposure draft of Valuation Brief #3: Professional Interactions Unique to Fair Value for Financial Reporting. It discusses some of the roles, interactions, and common issues encountered in the overall financial reporting fair value process among appraisers, management, and auditors. Comments are due March 31, which can be submitted if you click here.

The BVRP is a panel of leading business valuation experts, professionals, and academics appointed to provide input, recommendations, and updates from the business valuation discipline to the TAF boards. These briefs are designed as a “practical discussion” and are “not intended for other valuation contexts, nor to provide formal guidance or authoritative standards or commentary.”