[Fredslist] MSG CPA's - Valuation Standards Alert for Attorneys (Promotion)

[Mark Gottlieb]

VALUATION STANDARDS

ALERT

FOR ATTORNEYS

[http:%5C%5Cwww.msgcpa.com]

    The Consulting Services Executive Committee of the American Institute
of Certified Public Accountants (AICPA) recently announced the release of
a new professional standard on valuation services, Statement on Standards
for Valuation Services No. 1 (SSVS No. 1) "Valuation of a Business,
Business Ownership Interest, Security, or Intangible Asset."

    The standard guidelines to CPA's for developing estimates of value and
reporting on the results. It applies to AICPA members who perform an
engagement that estimates the value of a business, business interest,
security or intangible asset for numerous purposes, including sales
transactions, financing, taxation, financial reporting, mergers and
acquisitions, management and financial planning and litigation.

    "The AICPA developed the valuation standard to improve the consistency
and quality of practice among its members who perform engagements that
estimate values for various reasons," said Barry Melancon, CPA, AICPA
President and CEO. "Congress, government agencies and accounting
regulators have recently focused their attention on appraisal issues -
such activity shows the importance of valuation to the business community
and individuals. In addition, an increasing number of CPAs offer valuation
services. The standard promotes greater transparency and provides our
members with a set of guidelines in the unique context of a CPA practice."

EVERY ATTORNEY INVOLVED IN VALUATION ISSUES MUST BE AWARE OF THESE
STANDARDS SO THAT THEY CAN ASK PROPER QUESTIONS ON DIRECT AND CROSS
EXAMINATION OF EXPERT WITNESSES.

Contact us today and we will send you a copy of these standards.

Mark S. Gottlieb, CPA, PC

98 Cutter Mill Road, Great Neck, NY 11021

516-829-4936 • 212-732-8902 • Fax 516-829-3057

[http://www.msgcpa.com] www.msgcpa.com
 

This message was sent by: Mark S. Gottlieb, CPA, PC, 98 Cutter Mill Road, Great Neck, Ne 11021

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