Question

2- Valuation Services (VS) section 100, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset (AICPA, Professional Standards) does not apply

a. To cases in which the value of a subject interest is provided to the member by the client or a third party, and the member does not apply valuation approaches and methods, as defined by VS section 100.

b. To cases of internal-use assignments from employers to employee members not in the practice accounting.

c. When it is not practical or reasonable to obtain or use relevant information, and as a result the unable to apply valuation approaches and methods that are described in VS section 100.

d. All of the above situations.

Answer 1

Answer (d ) all of the above situation

Explanation:-

1. In this case valuation of subject interest is provide to the members by the client or third party it does not apply valuation of approach method as well as it also not include in the report on the value of subject interest.

2. In this case the employer to employee provide the internal use of assignment are not include in for the member of practice of public accounting.

3. In this case VS section 100 described that in valuation of approaches and method, the member are unable to apply the result of uses relevant information for the member is not practically or reasonably obtained .

The valuation of approaches and method are use in professional judgement.