The American Institute of CPAs has released a second exposure draft of a proposed statement on standards for valuation services.

The draft, “Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset,” is open for comment until Dec. 15. The statement provides guidance to CPAs who are members of the AICPA for an engagement or any part of an engagement that determines the value of a business, an interest in a business, security or an intangible asset.

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