Long Arm of the Law: When Business Valuation Standards Apply to Tax Practice

The AICPA has issued Statement on Standards for Valuation Services (SSVS) No. 1 effective for all engagements accepted on or after Jan. 1, 2008.  The new standards apply to any AICPA member, or a nonmember CPA practicing in a state that has adopted SSVS No. 1, who is engaged to estimate the value of a business, business ownership interest, security or intangible asset.

Read More Print-Friendly Send to Friend Ask a Question