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VS Section 100 Toolkit

This toolkit is designed to provide non-authoritative guidance on the development of valuation or calculation engagements in accordance with VS Section 100.

AICPA members* are required to follow the Statement on Standards for Valuation Services (“VS Section 100” or “SSVS”), Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset when they perform engagements to estimate value that culminates in the expression of a conclusion of value or a calculated value.

This toolkit is designed to provide non-authoritative guidance on the development of valuation or calculation engagements as well as the development of engagement letters and reports in accordance with VS Section 100.

For more information on determining whether compliance with VS Section 100 is required, download the following resources.

Application of VS Section 100 to Illustrative Client Engagement Situations

Engagements subject to VS Section 100 include valuations of businesses, business ownership interests, securities, or intangible assets (collectively referred to as “business valuations”), and are performed by AICPA members for a variety of purposes.

Calculation Engagement FAQs

Series of frequently asked questions (FAQs) that provide answers to questions from valuation analysts about when to use calculation engagements and reports.

Subsequent Events

Series of frequently asked questions (FAQs) and sample disclosures that may help address some of the more common questions around subsequent events.

Customizable valuation and calculation engagement letter templates

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.

Customizable Engagement Letter Template for a Valuation Engagement

Use this engagement letter template for your next valuation.

Customizable engagement letter template for a calculation engagement

Want to ensure your terms are clearly documented for calculation engagements pursuant to VS Section 100? Use this customizable template.

Development compliance checklists

The following compliance checklists provide valuation and calculation engagement development considerations pursuant to VS Section 100.

VS Section 100 (SSVS) Development Compliance Checklists

Checklists show valuation and calculation engagement development considerations pursuant to VS Section 100.

Reporting compliance checklists

The following compliance checklists provide valuation and calculation engagement reporting considerations pursuant to VS Section 100.

VS Section 100 (SSVS) Reporting Compliance Checklists

These checklists provide valuation and calculation engagement and reporting considerations pursuant to VS Section 100.

Other VS Section 100 Resources

SSARS valuation practice FAQs

Get the answers to common issues that may arise in your valuation practice from the AICPA FVS Committee.

AICPA VS Section 100 Fact Sheet

Understand the key facts about the Statement on Standards for Valuation Services, also known as VS Section 100 or SSVS.

Forensic and Valuation Services Section

Join the AICPA's Forensic and Valuation Services Section to access tools, professional development and resources that enhance your forensic accounting, valuation or litigation services.

FVS Section

Your source for tools and information about forensic accounting and business valuation services for finance professionals. Access all the Forensic and Valuation Services (FVS) Section content on AICPA.org.

Terms and Conditions for Readers

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 VS Section 100 Toolkit is intended as an individual benefit of FVS Section membership. The VS Section 100 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 VS Section 100 Toolkit, or to request permission for a use which exceeds these limitations, please contact Mary Walter, Senior Manager, Licensing & Rights, at 919.402.4834 or via email.

*Non-AICPA members should verify with their state boards of accountancy for regulations that state that CPAs must comply with VS Sections 100 and 9100.