It has been a year since the Statement on Standards for Valuation Services No. 1 (SSVS No. 1) “Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset” took effect for all AICPA members who perform an engagement that estimates the value of a business, business interest, security or intangible asset for numerous purposes, including sales transactions, financing, taxation, financial reporting, mergers and acquisitions, management and financial planning, and litigation.
If you are one of the more than 25,000 CPAs who currently provide Business Valuation and Forensic & Litigation Services (BVFLS) or one of the more than 2,500 CPAs that hold the AICPA’s Accredited in Business Valuation (ABV) credential, it’s a good time to review the standard. To assist, the BVWire now offers immediate access to SSVS No. 1. Just go to Free Downloads page at BVResources.com.
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