Business valuation standards proposed

California CPA, May, 2005

The AICPA has released an exposure draft of proposed business valuation standards, including guidelines on developing valuation conclusions and reporting the results.

The valuation standards would apply to AICPA members who perform valuation services in various circumstances, including for litigation; tax; mergers and acquisitions; and financial reporting.

Comments must be received by June 15, 2005.

For more information on the proposed standards, visit www.aicpa.org/exposure/Proposed_Stmt_Stds_Val_Serv.asp.