Statement on Standards for Valuation Services (SSVS) No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset. Given the increasing number of members of the AICPA who are performing business valuation engagements or some aspect thereof, the AICPA Consulting Services Executive Committee has written this standard to improve the consistency and quality of practice among AICPA members performing business valuations. AICPA members will be required to follow this standard when they perform engagements to estimate value that culminate in the expression of a conclusion of value or a calculated value. SSVS No. 1 is effective for engagements accepted on or after January 1, 2008.
SSVS No.1 Implementation Toolkit
AICPA Statement on Standards for Valuation Services No. 1 (SSVS), Nonauthoritative Implementation Guidance Toolkit, Implementation Guide No. I
Illustrative client engagement situations to aid members with deciding whether SSVS1 compliance is required.
AICPA Statement of Standards for Valuation Services No. 1 Nonauthoritative Implementation Guidance Toolkit Implementation Guide No. II SSVS No. 1 Application Flowchart
Toolkit to help members determine the appropriate application of SSVS1
AICPA Statement on Standards for Valuation Services No. 1, Nonauthoritative Implementation Guidance Toolkit, Implementation Guide No. III
This SSVS No. 1 implementation guide is intended to summarize all of the factors, considerations, and requirements mentioned in the valuation standard.
AICPA Statement on Standards for Valuation Services No. 1, Nonauthoritative Implementation Guidance Toolkit, Implementation Guide No. IV
This SSVS No. 1 implementation guide is intended to provide a checklist of all of the factors, considerations, and requirements mentioned in the AICPA valuation standard.
Responses to Member Posed Questions
SSVS1 and Fairness Opinions
Response to member posed question with respect to fairness opinions.
SSVS1 and Rebuttals
Response to member posed question with respect to performing rebuttals and how SSVS1 applies.
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Glossaries & Illustrations
Glossary of Additional Terms for Business Valuations
International Glossary of Business Valuation Terms
Illustrative List of Assumptions and Limiting Conditions for a Business Valuation
Illustrations Relating to Other Engagements - scope of applicable services related to other engagements illustrations.
Illustrations for PFP-Related Engagements - scope of applicable services related to personal financial planning engagements - illustrations.
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Presentations
· Implementing the AICPA Statement on Standards for Valuation Services Detailed Presentation – This implementation guide is targeted to the practitioner and will provide information necessary to comply with the new standard.
· Implementing the AICPA Statement on Standards for Valuation Services Summary Presentation – This implementation guide is targeted to State CPA Societies and other interested parties to roll out the new standard. This will provide information to assist you in determining whether the standard applies to an engagement.
· Understanding the AICPA Statement on Standards for Valuation Services Presentation – This document should be used as a high level communication to inform the public and other interested parties about the standard and its impact on the profession.
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Additional Resources
Scope of applicable services related to litigation engagement illustrations.
Scope of applicable services related to personal tax engagements - illustrations.