Under the AICPA’s Statement on Standards for Valuation Services, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset (“VS Section 100” or “SSVS”), there are two types of engagements to estimate value: 1) a valuation engagement, and 2) a calculation engagement.
In a valuation engagement, a valuation analyst is free to apply the valuation approaches and methods he or she deems appropriate in the circumstances and expresses the results of the valuation as a conclusion of value which