After delaying the implementation of USPAP 2022-2023 earlier this year, the Appraisal Foundation’s Appraisal Standards Board (ASB) has issued a new Discussion Draft for USPAP 2023 and is seeking public comments by July 23rd.
According to the Discussion Draft, the ASB will use this feedback, prior exposure drafts, and other sources to examine possible changes for USPAP 2023. In particular, the board is currently looking into the following areas:
- Reviewing the Requirements about Disclosing a Personal Inspection
- Significant Appraisal Assistance
- Ethics Rule – Conduct Requirements Related to Demographic Characteristics
The ASB did note that it’s also exploring other issues as well, which may be included in future Exposure Drafts for USPAP 2023.
For all the details, check out the ASB’s latest USPAP 2023 Discussion Draft.
The Appraisal Foundation – appraisalfoundation.org
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