Talking with some attendees at the recent NYSSCPA conference in New York City, we were discussing M&A, and someone was asked whether he had read the exposure draft on valuing contingent consideration, a Valuation for Financial Reporting (VFR) advisory that The Appraisal Foundation (TAF) issued. His answer was: “No, I don’t do fair value work.” That may be a typical answer and understandable because one would not need to keep up with all of the minutiae of fair value developments if he or she did not practice in that area. But the more general developments should be followed because many of the issues apply in other valuation contexts. Speaking of which, there are three other TAF advisories: control premiums, the valuation of customer-related assets and contributory assets, and economic rents. All valuation experts should be aware of this guidance, which contains recommended best practices, methodologies, and examples—some of which will apply in other types of engagements, not just fair value.