The American business valuation standards

Foreign experience testifies to the complexity of the procedure for developing and harmonizing appraisal standards, as they affect many related fields of activity - accounting, auditing, insurance, taxation. For appraisers, it is important to ensure adherence to best evaluation methods and practices. Standards show a minimum level of quality on the basis of which appraisers must evaluate their products. Now international, regional and national standards can be distinguished. This article will analyze national standards, namely the American Business Valuation Standards; thus, many countries, due to the peculiarities of their system of legislation on property, taxation, and finance, adopt their own national valuation standards.