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Valuation framework seeks to define ‘how much’ is enough

Tammy Whitehouse | June 23, 2016

The American Institute of Certified Public Accountants, the Society of Appraisers, and the Royal Institution of Chartered Surveyors have teamed up and issued for public comment a proposed Mandatory Performance Framework that is meant to help define just how much work, analysis, and documentation should go into a professional valuation.

That’s not the same as technical or professional standards, which tell valuation professionals how to do a valuation. The valuation profession has plenty of professional standards from various valuation and appraisal groups that explain how to go about performing a valuation. The proposed MPF is meant to help...

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