The different sets of U.S. business valuation standards do not conflict with each other, according to an updated tale-of-the-tape chart released by NACVA. It also released an international standards chart that compares the standards from the IVSC, RICS, and the CICBV that comes to the same conclusion.

The domestic chart compares the North American standards from NACVA, IBA, AICPA, ASA, and USPAP. The chart reveals that the standards have some subtle differences, but the principles are very close. The differences can be interpreted as being covered in one of the other standards but worded a little differently. Because of these nuances, practitioners still need to read and interpret what the different standards say about a particular aspect of practice in order to be in compliance.

Mark Hanson (Schenck SC), Mark Kucik (The Kucik Valuation Group LLC), Carl Steffen (WSRP LLC), and C. Zachary Meyers, who were part of the team that developed these charts (which took several years), were on hand at the recent NACVA conference in Las Vegas to explain the charts.