A business valuation standard that has been incubating for the past five years within the American Institute of CPAs is ready to hatch early next year, and when it does, it could force those who perform business valuations to pay attention to yet another set of guidelines.

"The field of business valuations and the valuation of intangible assets has been an emerging and maturing discipline," said Mike Crain, who chairs the AICPA Business Valuation Committee, the panel that appointed the task force responsible for writing the pending standard. "It's natural that the AICPA, as the national body, should issue professional guidance for the CPAs performing this type of technical work."

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