1.) Summarize the history of the valuation profession.

2.) Why are businesses valued?

3.) Who values businesses?

4.) Describe some of the professional valuation organizations.

Ch. 2: Review Questions

1.) What are the business valuation standards of the AICPA?

2.) What are the business valuation standards of the other valuation organizations?

Ch. 3: Review Questions

1.) Briefly describe the reasons why you would and would not accept a business valuation engagement.

2.) Discuss the process of defining the engagement and writing the engagement letter.

3.) Discuss the process of the initial document request.