12
/ June
2012
Read the proposed revisions to next edition of USPAP
The Appraisal Standards Board (ASB) has just issued the first exposure draft of proposed revisions for the next edition (2014-2015) of the Uniform Standards of Professional Appraisal Practice (USPAP). This exposure draft includes a proposal to retire Standards 4 and 5 as well as proposed revisions to:
- the definition of “Assignment Results” and “Report”;
- the definition of “Scope of Work” and the scope of work rule, including its “Scope of Work Acceptability” section; and
- report options (includes separate proposals for two report options and a single report option).