Ethics and Standards Updates and Their Impact on Valuation
Training Event Transcripts
May 7, 2015
R. James Alerding, CPA/ABV, ASA
Dr. Michael A. Crain, CPA/ABV, CFA, CFE
A lot has happened recently in the area of ethics and standards relating to business valuation practice. The new version of USPAP for 2016-2017 has been adopted. The AICPA has codified its ethics standards to follow FASB’s codification of its literature. Similarly, AICPA also codified its valuation standard, SSVS No. 1, (now VS100). NACVA has put out a revision to its valuation standard for member voting on report reviews that will likely be adopted. And there are other changes, rules adoptions, etc. that can impact the business valuation professionals. Join Mike Crain and Jim Alerding as they discuss some of these changes and their potential impact on business valuation practitioners.