Revised USPAP Standards: Key Implications for Valuation Specialists
Mastering New Requirements for Ethics, Competency and Other Engagement Conduct
A special 60-minute briefing
Recording of a 60-minute CPE webinar with Q&A
This seminar will discuss and analyze all of the material provisions of changes to USPAP for 2010 and 2011. The panel will outline best practices for adjusting current practices in order to fully comply.
- Background on Appraisal Standards Board’s process for updating USPAP
- Important changes in USPAP for 2010 and 2011
- The revised ethics rule
- The updated competency rule
- The new jurisdictional exception rule
- Different definition of "jurisdictional exception"
- Standard 3 (appraisal review, development and reporting)
- New definition of "assignment"
- New definition of "signature"
- Issues and alternatives to consider in preparing for USPAP compliance
The speaker will examine in detail these and other aspects of the USPAP revisions:
- The new ethics rule: Avoiding new prohibitions, making proper disclosures, preserving confidentiality.
- The rewritten competency rule: Making sure you are competent to undertake an assignment, and what to do when you decide you aren't.
- The updated "jurisdictional exception" rule: How to respond when USPAP is precluded by law or regulation.
- The new Standard 3 for appraisal reviews: Meeting all of the newly stated considerations.
Barry Shea and Associates
His practice has been actively involved in real estate valuations since 1983, and he has served on boards of several... | Read More
His practice has been actively involved in real estate valuations since 1983, and he has served on boards of several national valuation organizations, including the Appraisal Foundation. He is a member of the Appraisal Standards Board.Close