The Appraisal Foundation (TAF) is giving advance notice to all interested parties that it will be releasing the Discussion Draft on Best Practices for Valuation in Financial Reporting: The Identification of Contributory Assets and the Calculation of Economic Rents on June 2, 2008, with a 45-day comment period.  Copies of the draft will be posted on the TAF website: appraisalfoundation.org.  If you would like to review a copy on the release date, please contact Paula Douglas to be placed on the email distribution list: paula@appraisalfoundation.org.

The TAF also has a second working group on Best Practices for Valuing Customer Relationships.  “This group has met and is making a call for literature on the issue,” says Jay Fishman, current chair of the Foundation’s Best Practices Steering Committee.  We’ll post updates on the second working group as and when they are announced.