Standards Rule 9-5

In developing an appraisal of an interest in a business enterprise or intangible asset, an appraiser must:

(a)

reconcile the quality and quantity of data available and analyzed within the approaches, methods, and procedures used; and

(b)

reconcile the applicability and relevance of the approaches, methods and procedures used to arrive at the value conclusion(s).

Comment: The value conclusion is the result of the appraiser’s judgment and not necessarily the result of a mathematical process.