SP&H complies with both the Uniform Standards of Professional Appraisal Practice and the American Society of Appraisers' ("ASA") Business Valuation Standards.

What is USPAP?

The Uniform Standards of Professional Appraisal Practice ("USPAP") are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services. Standards are included for real estate, personal property, and business appraisals.

• USPAP was originally written in 1986 and 1987 by an appraisal profession Ad Hoc Committee on Uniform Standards and was donated to The Appraisal Foundation in 1987.
• The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989 cites USPAP as the standards to be enforced by state real estate appraiser licensing agencies.
• USPAP compliance is also required by professional appraisal associations and by dozens of federal, state and local agencies.
• USPAP is reviewed and updated on an annual basis.
• USPAP is growing in acceptance throughout the world. Many professional associations in Central and South America, Europe and Asia have accepted and adopted USPAP as the standard of practice for their membership.

Click here for the full text of USPAP.

What are the ASA's Business Valuation Standards?

The American Society of Appraisers, through its Business Valuation Committee, has adopted the Business Valuation Standards ("the Standards") in order to maintain and enhance the quality of business valuations for the benefit of the business valuation profession and users of business valuations. The Standards provide minimum criteria to be followed by business appraisers in developing and reporting the valuation of businesses, business ownership interests, and securities.

Click here for the full text of the ASA Standards.