McKissock USPAP Chapter 5 fully
solved & verified for
accuracy(latest updated version)
Scope of Work Rule, Sections - answer 1. Problem
Identification
2. Scope of work Acceptability
3. Disclosure Obligations
To what does the scope of work rule apply to? - answer -
Appraisal
- Appraisal Review Assignments
Scope of work includes... - answer -The extent to which the
property is identified
- The extent to which tangible property is inspection
- The type and extent of data researched
- The type and extent of analyses applied to arrive at
opinions or conclusions
How is the credibility of assignment results measured? -
answer It is measured in the context of intended use
Intended use - answer -An appraisal cannot be completed
without identifying an intended use
-The intended use drives the research and analyses
required for credible appraisal results
solved & verified for
accuracy(latest updated version)
Scope of Work Rule, Sections - answer 1. Problem
Identification
2. Scope of work Acceptability
3. Disclosure Obligations
To what does the scope of work rule apply to? - answer -
Appraisal
- Appraisal Review Assignments
Scope of work includes... - answer -The extent to which the
property is identified
- The extent to which tangible property is inspection
- The type and extent of data researched
- The type and extent of analyses applied to arrive at
opinions or conclusions
How is the credibility of assignment results measured? -
answer It is measured in the context of intended use
Intended use - answer -An appraisal cannot be completed
without identifying an intended use
-The intended use drives the research and analyses
required for credible appraisal results
