The Business Valuation Standards of the American Society of Appraisers have been updated for the first time since 2002. In addition to a new standard on Intangible Asset Valuation, the ASA BV Standards subcommittee chaired by Chris Mercer, made a number of "housekeeping" changes to clarify and correct issues with the existing standards. You can read the full text of the new standards on the ASA website at http://www.bvappraisers.org/standards/bvstandards.pdf.
ASA BV Standards Updated
Sep 16th 2008