ASB issues round 2 of proposed USPAP revisions

At the end of last month, the Appraisal Standards Board (ASB) released the “Second Exposure Draft of Proposed Changes for the 2014-15 Edition of the Uniform Standards of Professional Appraisal Practice.” According to the announcement by the ASB’s parent, The Appraisal Foundation, this latest exposure draft includes proposed revisions to:

• Reporting and Communication Requirements;
• Reporting Options; and
• Retirement of Standards 4 and 5.

Linda Trugman, ASA BV chair, and Arlene Ashcraft, the newest editor for the ASA e-update to members, are urging their constituency as well as other interested appraisers to read and respond to the latest revisions. Comments are due by Oct. 5, 2012, toASBComments@appraisalfoundation.org.