The AICPA is still hard at work on issuing the last Exposure Draft of its AICPA BV Standards. It has successfully negotiated the draft Standards through two committees, and is “getting close” to its second exposure period, according to Ed Dupke, CPA/ABV (Clifton Gunderson, LLP, Phoenix). Dupke, who chairs the AICPA BV Standards Task Force, is admittedly “gun shy” about giving any firm publication dates, but adds that he would be “very disappointed” if the latest draft wasn’t out by mid-October. With a 60-day comment period, followed by internal analysis (and then tax season), the best-guess at a final effective date is Summer 2007.
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