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Technical

AICPA Valuation and Consulting Standards Logo aicpa

  Free |   AICPA |   Nov 2018 |   Specialized Knowledge and Applications |   AICPA Store

This CPE course provides an overview of AICPA Professional Standards CS section 100 (Statement on Standards for Consulting Services No. 1) and VS section 100 (Statement on Standards for Valuation Services No. 1). The course covers consulting services, including consulting services for attest clients. It also covers valuation services, including types of engagements to estimate value and valuation and calculation engagement reporting.

Learning Objectives

This course will prepare you to:

  • Recall which consulting services are covered by CS section 100
  • Recognize issues related to providing consulting services to attest clients
  • Identify the types of engagements performed under VS section 100
  • Recall the valuation approaches discussed under VS section 100
  • Recall the types of valuation reports allowed under VS section 100

Key Topics

  • Introduction and scope of VS section 100
  • Exceptions to VS section 100
  • Types of engagements to estimate value
  • Engagement development
    • Valuation
    • Calculation
  • Valuation reports
  • Valuation engagement
    • Detailed report
    • Summary report
  • Calculation engagement report
  • Other parts of VS section 100
Topics covered:
  • Fair value measurement: Technical: Business & intangible assets, Foundational
  • Forensic & valuation services: Technical: Valuation analysis, Foundational
Who Will Benefit
  • CPAs and finance professionals engaged in the financial instruments valuation profession, including controllers, traders, data providers, accountants, and auditors
Key Topics
  • Statement on Standards for Consulting Services (SSCS) No. 1
  • Statement on Standards for Valuation Services (SSVS) No. 1
  • Consulting services and process
  • Professional judgment
  • Valuation engagement and reports
  • Calculate engagement report
Learning Objectives
  • Recall which consulting services are covered by SSCS No. 1.
  • Recognize issues related to providing consulting services to attest clients.
  • Identify the types of engagements performed under SSVS No. 1.
  • Recall the valuation approaches discussed under SSVS No. 1.
  • Recall the types of valuation reports allowed under SSVS No. 1.

This CPE course provides an overview of AICPA Professional Standards CS section 100 (Statement on Standards for Consulting Services No. 1) and VS section 100 (Statement on Standards for Valuation Services No. 1). The course covers:

  • Consulting services (including consulting services for attest clients);
  • Valuation services (including types of engagements to estimate value and valuation); and,
  • Calculation engagement reporting.

Comments/Reflections