Business Valuations: Putting a value on valuation

Business Valuations: Putting a value on valuation This is an older article from Accounting Today (2007) covering the development of standards for business valuation and appraisal. Interesting to see how the field has fared under multiple governing bodies trying to promulgate their own standards which don't come in conflict with other standards. These developments are great progress considering the questionable and unfounded valuations that float around out there. Some of the appraisals I've seen are exceptionally bad. Appraisals can involve quite a bit of subjective judgement, but it's widely accepted that appraisers should use generally accepted principles under standards USPAP and other bodies. A bad valuation opinion can be especially detrimental to those who rely on the judgement of valuation professionals in order to make appropriate business decisions (pretty much everyone). One of the best undertakings has been development of standardized language under the international glossary of business valuation terms.