BV195-WEB - BV Report Compliance with USPAP and SSVS-1 (now VS 100)
Category: Business Valuation
Continuing Education: 2
Registration
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Webinar Course Description
When preparing reports, many business valuation
professionals must comply with the Statements on Standards for Valuation
Services ("SSVS-1" issued by the AICPA), the ASA Business Valuation Standards,
the Uniform Standards of Professional Appraisal Practice ("USPAP" issued by The
Appraisal Foundation), or two or three of these combined. How to comply with
each one, and then how to put it all together can be daunting. This webinar will
discuss specific comparisons between and among the reporting requirements and
provide suggestions for dealing with certain common issues. While it will focus
primarily on USPAP and SSVS-1, it will also address the requirements of the ASA Business Valuation Standards.
Course Audience
Anyone issuing reports that must comply with at least one of these professional standards
NASBA and Continuing Professional Education (CPE) Credit
The American Society of Appraisers is registered with the National
Association of State Boards of Accountancy (NASBA) as a sponsor of continuing
professional education on the National Registry of CPE Sponsors. State boards of
accountancy have the final authority on the acceptance of individual courses for
CPE credit. Complaints regarding registered sponsors may be submitted to the
National Registry of CPE Sponsors through its website www.learningmarket.org.
CPE Credit: (2) Hours in Specialized Knowledge
Program Level:
Intermediate
Delivery Method: Group-internet based courses are approved for
CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's
Refund and Cancellation Policy and ASA's Complaint Resolution Policy
Instructor Information
Carla G. Glass, FASA | Managing Director | Marcum LLP
Carla G. Glass, CFA, FASA, is a managing director in the Advisory &
Consulting Services Group of Marcum LLP, located in the New Haven, CT
office. Ms. Glass been valuing business interests and intangible assets
for over 30 years, focusing primarily on valuation for gift and estate and
financial reporting purposes – more recently becoming involved in litigation
engagements. Ms. Glass’s experience also includes “Big 4/8” firms; a global
valuation-only company; and regional companies. She has been involved with
professional standards for much of her career, including six years (one of them
as Chair) on the Appraisal Standards Board of The Appraisal Foundation (the
board that writes USPAP). Ms. Glass also served on the Valuation Resources
Group of the Financial Accounting Standards Board (when it existed) and was a
liaison to the first three working groups sponsored by The Appraisal Foundation
regarding “best practices in valuations for financial
reporting.”
No prerequisites for this course.
Agenda
There is no available agenda for this course.
Learning Outcomes
Upon completion of this course,students will be able to:
- Identify the key elements required for a business
valuation report that is compliant with USPAP and SSVS-1;
- Differentiate the requirements for the two business valuation report types
under USPAP and the two report types under SSVS-1;
- Recognize when it is appropriate to use which of those report types;
- Assess how the ASA and other professional business valuation standards fit
in with these four report types; and
- Evaluate what to include in a USPAP-compliant appraisal review
report.