SSVS Toolkit 


    Toolbox for Standards for Valuation ServicesThe AICPA’s Statement on Standard for Valuation Services No. 1 (SSVS No. 1), Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset was issued to improve the consistency and quality of valuation services. AICPA members are 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. Non-AICPA members should verify with their state boards of accountancy for regulations that state that CPAs must comply with SSVS No. 1.

    This SSVS Toolkit was designed to provide non-authoritative guidance on the development of valuation or calculation engagments as well as the development of engagement letters and reports in accordance with SSVS No.1.

    For more information on determining whether SSVS No. 1 compliance is required, download the following resources:
     
    Customizable Valuation and Calculation Engagement Letter Templates
    Pen and paper for customizable letters

    These customizable engagement letter templates have been supplemented with best practice recommendations to ensure the letters are as effective as possible in clearly documenting the terms of the engagement.

     

     

    Parts of these sample engagement letters were taken from Jim Hitchner’s Business Valuation Standards Compliance Toolkit, Valuation Products and Services, LLC, www.valuationproducts.com , ©2009 Financial Valuation Solutions, LLC. All rights reserved. Used with permission.

     

    SSVS No. 1 Development and Reporting Compliance Checklists
     
    Reporting content checklists

    The following development and reporting compliance checklists provide valuation and calculation engagement and reporting considerations pursuant to SSVS No. 1.

    DEVELOPMENT COMPLIANCE CHECKLISTS - NEW!

    Scope of SSVS No. 1 Development Compliance Checklists

     

    REPORTING COMPLIANCE CHECKLISTS

    Scope of SSVS No. 1 Reporting Compliance Checklists 

     

       
    Sample Valuation Reports
     
    Stack of sample valuation and calculation reports

    Samples of the types of written reports that a valuation analyst may use to communicate the results of an engagement to estimate or value pursuant to SSVS No. 1 for a valuation engagement, a detailed report or a summary report, are downloadable in PDF format.

     


    Most of the assumptions and limiting conditions in the above reports were taken from Jim Hitchner’s Business Valuation Standards Compliance Toolkit, Valuation Products and Services, LLC, www.valuationproducts.com , ©2009 Financial Valuation Solutions, LLC.  All rights reserved.  Used with permission. 


    Notice to Readers
     
    FVS sample engagement letters, checklists and sample reports are designed as educational and reference material for the members of the FVS Section and others interested in the subject. They do not establish standards or preferred practices.

    Although much thought and effort have gone into the development of these tools, they are subject to change. These tools are issued as drafts only, and you retain responsibility for their final content. Please review them carefully and make any changes necessary for your specific use.

    Terms of Use

    Access to the SSVS Toolkit is intended as an individual benefit of FVS Section membership. The SSVS Toolkit was created by and copyrighted to the American Institute of Certified Public Accountants, which reserves all rights. Except in the context of performing client services, reproduction, redistribution, republication or resale of this product by the member granted access is prohibited. Should AICPA omit or decline to enforce any aspect of these Terms of Use at any given time or instance, such non-enforcement does not constitute and should not be construed as a waiver of AICPA’s rights as to any other or future instance. For more information about the terms of use for the SSVS Toolkit, or to request permission for a use which exceeds these limitations, please contact Thomas Robinson, Senior Manager, Licensing, Rights & Information Services, at 919.402.4031 or via email.



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    Copyright © 2006-2014 American Institute of CPAs.