Session 12: Equity Investments: Valuation Models Reading 46: Private Company Valuation
LOS l: Describe the role of valuation standards in valuing private companies.
Which of the following best describes the implementation of private company valuation standards?
A) |
Industry groups mandate compliance. | |
B) |
Compliance is usually at the discretion of the appraiser. | |
C) |
The federal government mandates compliance. | |
One of the challenges involved with the implementation of appraisal standards is that compliance is usually at the discretion of the appraiser because most buyers are still unaware of their existence. |