USPAP 2010-2011 2nd Exposure Draft

USPAP recently released for comment the second exposure draft for USPAP 2010-2011. The exposure draft lists the changes, previous comments and rationale for any changes. Some is applicable to the personal property appraiser. If you want a heads up on changes for the 2010-2011 edition of USPAP, this second exposure draft is a good starting point.

Topics and contents include:

Proposed edits to the DEFINITION of “Signature”

Proposed edits to the DEFINITION of “Jurisdictional Exception”

Proposed edits to the ETHICS RULE

Proposed edits to the COMPETENCY RULE

Proposed edits to the JURISDICTIONAL EXCEPTION RULE

Proposed edits to STANDARD 3, Appraisal Review, Development and Reporting


To read the full exposrue draft (33 pages), click HERE.