USPAP 2008–2009
Each written appraisal report for an interest in a business enterprise or intangible asset must contain a signed certification that is similar in content to the following form:
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I certify that, to the best of my knowledge
and belief: |
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the statements
of fact contained in this report are true and correct. |
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the reported analyses, opinions, and conclusions
are limited only by the reported assumptions and limiting conditions and
are my personal, impartial, and unbiased professional analyses, opinions,
and conclusions. |
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I have no
(or the specified) present or prospective interest in the property that
is the subject of this report, and I have no (or the specified) personal
interest with respect to the parties involved. |
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I have no bias with respect to the property
that is the subject of this report or to the parties involved with this
assignment. |
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my engagement
in this assignment was not contingent upon developing or reporting predetermined
results. |
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my compensation
for completing this assignment is not contingent upon the development
or reporting of a predetermined value or direction in value that favors
the cause of the client, the amount of the value opinion, the attainment
of a stipulated result, or the occurrence of a subsequent event directly
related to the intended use of this appraisal. |
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my analyses, opinions, and conclusions were
developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal
Practice. |
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no one provided significant business and/or intangible asset appraisal assistance to the person signing this certification. (If there are exceptions, the name of each individual providing significant business and/or intangible asset appraisal assistance must be stated.)
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Comment: A signed certification is an integral part of the appraisal report. An appraiser who signs any part of the appraisal report, including a letter of transmittal, must also sign this certification.
In an assignment that includes only assignment results developed by the business and/or intangible asset appraiser(s), any appraiser(s) who signs a certification accepts full responsibility for all elements of the certification, for the assignment results, and for the contents of the appraisal report. In an assignment that includes real property or personal property assignment results not developed by the business and/or intangible asset appraiser(s), any business and/or intangible asset appraiser(s) who signs a certification accepts full responsibility for the business and/or intangible asset elements of the certification, for the business and/or intangible asset assignment results, and for the business and/or intangible asset contents of the appraisal report.
When a signing appraiser(s) has relied on work done by appraisers and others who do not sign the certification, the signing appraiser is responsible for the decision to rely on their work. The signing appraiser(s) is required to have a reasonable basis for believing that those individuals performing the work are competent. The signing appraiser(s) also must have no reason to doubt that the work of those individuals is credible.(note121)
The names of individuals providing significant business and/or intangible asset appraisal assistance who do not sign a certification must be stated in the certification. It is not required that the description of their assistance be contained in the certification but disclosure of their assistance is required in accordance with SR 10-2(a) or (b)(vii), as applicable.(note122) |
USPAP 2008–2009 Edition
©The Appraisal Foundation