What do you do when the scope of a valuation engagement suddenly changes—whether because of management needs, undisclosed research requirements, litigation or other issues? “As soon as that happens—you have to stop immediately and issue an amended fee agreement,” says a BVWire subscriber, who reminds all appraisers with financial responsibilities about the risks of failing to act right away. “I don’t mind working pro bono, but I like to be the one who makes that choice.”
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