Identify and discuss three or four of the major elements required in the statement on standards for valuation services (ssvs). based on your evaluation, expand on how the ssvs elements compare with the standards set by other standard-setting bodies.

Explanation:

Statement on standards for valuation services:

AICPA members are required to follow the statement of standards for valuation services , Valuation of business , Business ownership interest , Security or Intangible asset when they perform engagements to estimate value that culminates in the expression of a conclusion of value or a calculated value.

Major Elements:

  i) Sufficient evidence

Sufficient evidence must be gathered by such means as inspection, inquiry  computation, and analysis to ensure that the business valuation conclusion and report are properly supported.

  ii) Documentation

The valuation analyse must document matters , which are important in providing evidence to ;

  a) Support the business valuation conclusion;

  b) Justify decision made in the contact of engagements and;

  c) Demonstrate that the engagement was carried out in accordance with the standards for valuation services of the AICPA.

 iii) Minority , Majority and common issues

The valuation analyst should consider anything that may affect minority  majority or control issues , including but not limited to:

          - Laws

          - Agreements and contracts

          - Possible strategic or synergistic value

          - Veto power

          - Other relevant factors

 iv) Scope of work

Scope should be supportable and consistent with expectation of participants and peers in the market for similar services and in compliance with these valuation standards.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

answer loneliness;