Standards Rule 10-1

Each written or oral appraisal report for an interest in a business enterprise or intangible asset must:

(a)

clearly and accurately set forth the appraisal in a manner that will not be misleading;

(b)

contain sufficient information to enable the intended user(s) to understand the report; and

(c)

clearly and accurately disclose all assumptions, extraordinary assumptions, hypothetical conditions, and limiting conditions used in the assignment.