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Standard 10 governs the reporting of business or intangible asset appraisals, complementing Standard 9, which governs their development.

Standard 3 governs both development and reporting of appraisal reviews, ensuring reviews meet USPAP’s credibility requirements.

USPAP is not about identical conclusions but about consistent professional practice. It provides ethical and performance standards to maintain public trust, applicable across all appraisal types and industries.

The Preamble underscores that USPAP’s purpose is to protect and promote public trust by requiring appraisers to act ethically and competently.

The Definitions section of USPAP provides precise meanings for terms such as “appraisal,” “scope of work,” and “intended user.” Accurate terminology is critical for consistent practice.