Comments wanted on new edition of USPAP

BVWire reminds us that comments are due June 2, 2014, on the Second Exposure Draft for the 2016-17 edition of the Uniform Standards for Professional Appraisal Practice (USPAP).

If  you recall, the Appraisal Standards Board put off  making changes to the definition of “report” in the 2014-15 edition of USPAP to allow enough time to consider this important topic. Those changes are now being proposed and are included in the draft. There are also proposed revisions to eliminate confusion regarding report drafts, revisions to Standard 3 to enhance consistency with other standards and to clarify the dates identified and reported, changes to eliminate confusion regarding confidentiality, and other edits to improve clarity and enforceability of USPAP.

Written comments can be sent to ASBComments@appraisalfoundation.org.