Business Valuation Practice Aid

CalCPAs Litigation Sections has issued a Practice Aid Checklist on the AICPA's Statement on Standards for Valuation Services No. 1 (SSVS No. 1).

Developed by members of the Business Valuation Section of the Litigation Sections, the practice aid is not an interpretation of SSVSNo. 1, but rather

SSVS No. 1 is effective for engagements accepted on or after Jan. 1, 2008.

Because the California Board of Accountancy Regulations Sec. 58 state that CPAs must comply with all applicable standards, SSVS No. 1 applies to all California CPAs who perform valuations, regardless of their AICPA membership status.

Downloaded the practice aid at www.calcpa.org/ Practice_Aid.