The 2018-19 USPAP
does not specifically address whether preliminary communications, including prior versions of the report, must be retained.
appraisals can then do so without risking being disqualified for not being trained in USPAP
, by using the bridge document to make the valuation consistent under USPAP
in general is too overwhelming and intimidating.
(13) In reviewing that decision, the Missouri Court of Appeals, Western District, interpreted the meaning of the two statutes (Good Faith Negotiation and USPAP-Compliance) as applied to this situation and held that "an appraiser in a condemnation proceeding must adhere to generally accepted appraisal practices--such an appraiser is not required to adhere to USPAP
On the second objection, the court held that while compliance with USPAP
is an indicator of reliability, trial judges bear the responsibility of determining the reliability of an expert witness's testimony.
The online versions of these courses will be offered through the CompuTaught learning system and will begin with the 2010 edition of the Uniform Standards of Professional Appraisal Practice (USPAP
(This article distinguishes between "comprehensive business valuation standards," such as USPAP
and SSVS, and definitions of specific standards of value, such as fair value for financial accounting purposes as defined in SFAS 157.) It is reasonable as well to worry, in light of the innovations in form and terminology evident in SSVS relative to USPAP
and other earlier standards, that CPAs working in a litigation context will be exposed to aggressive questioning about the differences and apparent discrepancies between the AICPA standards and others that may be espoused by opposing experts.
IRS Notice 2006-96, however, specifically states that the "g.a.a.s." standard will be met where an appraisal is USPAP
In June 1990 the Federal Reserve Board adopted the appraisal regulation containing the additional appraisal standards of the agencies, and, at the same time, the USPAP
revisions were finalized.
Lenders also complete reviews to ensure appraisals meet minimum USPAP
It is clear that in the first two instances the appraiser would be obligated to comply with the Uniform Standards of Professional Appraisal Practice (USPAP
) unless there is an exemption from USPAP
compliance induced by the arbitration language or the arbitration submission agreement.
Appraisers, on the other hand, must follow the Uniform Standards of Professional Appraisal Practice (USPAP