SSVS No. 1

By: Martin M. Shenkman, CPA, MBA, JD

This stands for Statement on Standards for Valuation Services pronounced by the American Institute of Certified Public Accountants (AICPA). This provides guidance on standards that must be adhered to when a CPA provides valuation services. SSVS No. 1 provides that a CPA can provide a full valuation or a calculated value. If you retain a CPA to prepare an appraisal of a business, for example, these standards must be adhered to.

Our Consumer Webcasts and Blogs

Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.

Ad Space