2020-2021 15-HR USPAP
MCKISSOCK LEARNING REVIEW
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, Which Foundation board is responsible for USPAP?
ASB
Advisory Opinions are best described as
not part of USPAP, but included as reference material
USPAP is written, amended, and interpreted by the:
Appraisal Standards Board (ASB)
Why are USPAP Advisory Opinions issued?
To offer advice
Which of these is considered an integral part of USPAP and has the same weight as the components they
address?
comments
A valuation service that is premised upon advocacy:
It cannot be performed by an individual acting as an appraiser
If an appraiser assumes a condition to be true that does not exist for the purposes of analysis, this is an
example of:
A hypothetical condition
MCKISSOCK LEARNING REVIEW
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, Which Foundation board is responsible for USPAP?
ASB
Advisory Opinions are best described as
not part of USPAP, but included as reference material
USPAP is written, amended, and interpreted by the:
Appraisal Standards Board (ASB)
Why are USPAP Advisory Opinions issued?
To offer advice
Which of these is considered an integral part of USPAP and has the same weight as the components they
address?
comments
A valuation service that is premised upon advocacy:
It cannot be performed by an individual acting as an appraiser
If an appraiser assumes a condition to be true that does not exist for the purposes of analysis, this is an
example of:
A hypothetical condition
