Ask an Instructor: USPAP Standards

Ask an Instructor: USPAP Standards

Tuesday, January 14, 2020 in Ask an Instructor

ISA members are invited to send in their questions on all things appraising and education to ISA's instructors. One of ISA's instructors will share answers on the ISA Blog. Please send questions to directorofeducation@isa-appraisers.org.

QuestionI've been working on an appraisal assignment for the past month and the report is due next week. My inspection date is in December 2019, but my report date will be in January 2020. To which USPAP standards should I be writing?

Answer: This is an excellent question. Since the report will be issued in 2020, you are expected to write to the 2020-2021 edition of USPAP. Double check your USPAP Certification Statement as well as any other mention of USPAP in your report to make sure that you have the correct years in place.

Tags

  1. Education
  2. USPAP
  3. Reporting
  4. appraisal report