APPENDIX C

AICPA Statement on Standards for Valuation Services No. 1

Excerpts for Valuation Reports and Glossary of Valuation Terms*

The Valuation Report

47. A valuation report is a written or oral communication to the client containing the conclusion of value or the calculated value of the subject interest. Reports issued for purposes of certain controversy proceedings are exempt from this reporting standard (paragraph 50).

48. The three types of written reports that a valuation analyst may use to communicate the results of an engagement to estimate value are: for a valuation engagement, a detailed report or a summary report; and for a calculation engagement, a calculation report.

For a Valuation Engagement

  1. Detailed Report: This report may ...

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