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ASA Comments on ASB’s Summary of Actions Related to Proposed USPAP Changes

Feb 22, 2015

ASA’s Business Valuation Discipline Committee under the direction of Chairman, Robert B. Morrison, ASA, issued comments to the Appraisal Standards Board regarding the Summary of Actions Related to Proposed USPAP Changes.

The comments applauded the ASB’s proposed changes, identified one proposed change that business valuation professionals would find problematic and provided citations, examples and a modification request.

The comment letter was signed by the Society's International President, Gary L. Smith, ASA, MGA and Business Valuation Discipline Committee Chairman, Robert B. Morrison, ASA.

To read the letter in its entirety, click here.