2024-2025 7-Hour USPAP Update for Business Valuation
- Registration Closed
Registration is closed. If interested in attending, please email education@appraisers.org for further assistance.
Class Date/Time
Monday, April 29, 2024
10:00am - 6:00pm Eastern US
Registration Includes
- One registrant log-in to the live session
- Downloadable course materials:
- 2024 eUSPAP*
- 2024 USPAP Guidance and Reference Manual*
- 2024-2025 Student Manual
- Any additional handouts i.e. administrative/exam guidance, if applicable
All course materials included with your registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.
*The Appraisal Foundation has secured these PDF manuals and they cannot be printed
Continuing Education (CE & CPE) Credit
Class provides 7 CE/CPE hours
NASBA and Continuing Professional Education (CPE) Credit
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy. ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org
CPE Credit: Up to seven (7) CPE credits
Program Level: Fundamental
NASBA Knowledge Type: Specialized Knowledge
Delivery Method: Virtual
Prerequisites: None
Advanced Preparation: None
System Requirements
This class will be presented live on Zoom. To ensure the best ASA class experience, be sure to download the Zoom app on your device before the class begins.
Course Description
What is USPAP?
USPAP stands for "The Uniform Standards of Professional Appraisal Practice" and is published by The Appraisal Foundation (TAF) headquartered in Washington, DC. In 1989, Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which authorized TAF as "THE" source of appraisal standards and appraiser qualifications. "USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States" and was adopted by Congress in 1989. USPAP contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. USPAP is updated every two years providing appraisers with the information they need to deliver unbiased and thoughtful opinions of value.
What is the 7-Hour USPAP Update Course for Business Valuation?
The 7-Hour USPAP Update Course for Business Valuation will familiarize users of USPAP Standards 9 and 10 with recent, significant revisions to USPAP that impact every practicing appraiser in the business valuation arena. In addition, the course confronts some of the regularly misunderstood concepts in USPAP and reviews their application through the use of other communications published by the Appraisal Standards Board. This course will meet current USPAP continuing education requirements established by the Appraisal Foundation for BV appraisers.
Who should attend?
Individuals who have completed the full 15-hour BV USPAP course and only require updated information, specifically BV professionals.
Important note: This course does not meet the Appraisal Foundation’s USPAP continuing education requirements for Real Property appraisers. This course will not be accepted by state real property licensing boards or for CE credit for state licensing of real property appraisers. This course may be used to meet qualifying USPAP requirements for beginning Real Property students who are seeking state certification, however, it is the responsibility of the student to verify acceptance of this course with his/her state prior to registering.
Learning Level
Fundamental
Learning Outcomes
Upon completion of this course, students should be able to:
- Prepare appraisals in full compliance with the current Uniform Standards of Professional Appraisal Practice;
- Utilize the new definitions in USPAP in appraisal preparation;
- Recognize how the changes in USPAP will affect appraisal reporting;
- Identify many of the current problems faced by business valuation appraisers and how to use USPAP to solve and/or better handle them.
eMaterials
All course materials included with your registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.
Accessing eMaterials
eMaterials are provided electronically in PDF format and posted to the class within the Education Dashboard for all registrants to securely access prior to the start of the class. Attendees should come to class prepared with an electronic or printed copy of all eMaterials to use as a reference.
Certificate of Completion
Access to your certificate will be available immediately following completion of any required component(s). We encourage participants to download a copy of the certificate to reference if/when needed.
Carla G. Glass, CFA, FASA
Managing Director, Valuation & Litigation Support Services
Marcum LLP
Carla Glass is a managing director in the Firm’s Valuation, Forensic and Litigation Services practice in the New England region. She has more than 40 years of experience in the valuation of businesses, partnerships, debt, derivative securities, intellectual property, and other intangible assets in a wide range of industries. She has performed valuations of business interests for a variety of purposes including, but not limited to, gift and estate tax, financial reporting, employee stock ownership plans, corporate and partnership reorganizations, minority shareholder rights, bankruptcy proceedings, merger and acquisition analysis, and litigation.
Carla served as Chair of the Business Valuation Committee of the American Society of Appraisers (ASA) and Chair of the Appraisal Standards Board of The Appraisal Foundation, which is the board that promulgates the Uniform Standards of Professional Appraisal Practice (USPAP). She is a Fellow in the ASA College of Fellows (FASA), the ASA’s highest mark of achievement and recognition. She was also one of eight valuation professionals who served on the Valuation Resource Group of the Financial Accounting Standards Board (FASB).
Carla has created and taught principles of valuation courses for the ASA and is a frequent speaker on topics in business valuation to appraisal, legal, accounting, and other professional groups. During her time as Chair of the ASA’s Education Committee, she headed the development, teaching, and grading of courses, seminars, and examinations for the society.
She has been qualified as an expert witness in Federal District Courts and the District Court of the State of Wyoming, as well as in arbitration proceedings.
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