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While USPAP provides a minimum set of quality control standards for the conduct of appraisal in the U.S., it does not attempt to prescribe specific methods to be used. . Rather, USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the app
The Appraisal Standards Board (ASB) establishes the rules for developing an appraisal and reporting its results. In addition, it promotes the use, understanding and enforcement of the Uniform Standards of Professional Appraisal Practice (USPAP) as required by FIRREA. The Appraisal Practices Board (APB) was formed by board of trustees in 2010 ...
The Appraisal Standards Board (ASB) develops, interprets and amends the Uniform Standards of Professional Appraisal Practice (USPAP). The ASB is composed of seven appraisers who are appointed by the Board of Trustees of The Appraisal Foundation. Activities of the Board are directed by the Chair, who is appointed by the Board of Trustees for a ...
Bill Sipes (2006). 2006 Business Valuation Sourcebook.CCH Tax and Accounting. pp. ¶5011–¶5021. ISBN 0-8080-1355-6. — the full text of the Statement on Standards for Valuation Services No.1,ASA Business Valuation Standards, IBA Business Appraisal Standards, IBA Code of Ethics, IBA Business Valuation Guidelines, and NACVA Professional Standards
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Additionally, all USPAP standards dealing with the development of appraisals, consulting, or mass appraisal specifically require that any extraordinary assumptions and any hypothetical conditions necessary in the assignment be identified in the course of formulating the appraisal problem and planning the scope of work.
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The Uniform Standards for Federal Land Acquisition (UASFLA), [1] also known as the "Yellow Book", are the US federal Standards for Appraisals performed in connection to most Federal land acquisitions, exchanges, and/or dispensations. The standards are jointly published by The Appraisal Foundation and the US Department of Justice (DOJ). The ...
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