VALUATION STANDARDS
Why should you choose a business valuator holding a valuation credential?
There are many business valuators to choose from, however, not all of them are credentialed.
Business valuators holding one or more of the following a valuation credentials CPA./ABV; CPA/CVA, CBA, ASA and ABAR have had rigorous training, passed a national exam including preparation of a graded case study. Also, they must recertify their licenses periodically by taking a directed program of continuing education certified by their member organization. We adhere to this standard.
Each of the national valuation organizations (NACVA, AICPA, IBA, ASA) abide by valuation standards. The valuation standards dictate what must be considered in the “development” of the valuation report and the “elements” that must be present in each type of report.
What Valuation Reports do you need to help you?
We adhere to these standards:
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National Association of Valuation Analysts (Nacva)
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Adhered to by Nacva/IBA members
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Statement on Valuation Standards 1 (SSVS1)
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Adhered to by NACVA, AICPA, IBA members
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Uniform Standards of Professional Appraisal Practice (USPAP)
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Adhered to by ASA
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American Society of Appraisers (ASA)
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Adhered to by ASA members
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The difference in the standards is the type of report the valuator is permitted to issue. Over the last ten years the standards of the licensing organizations are fairly close although not identical. The issue is not which is better, but that you hire a business appraiser who holds a license. Palius O'Kelley & Janzen are certified.
What's in it for you?
This is an assurance for you that the reports we provide are in compliance with National standards of excellence and if necessary will admitted to court and also stand up to IRS scrutiny.
