a a a a a Three of the major elements required in the statement on standards for valuation services
(SSVS) professional are competence, objectivity and conflict of interest, and establishing an
understanding with the client.
Professional Competence: Professional competence means that the CPA can handle their duties
and subject matter experts. Performing a are “valuation engagement with professional
competence involves special knowledge and (AICPA.org, skill” 2015).
Objectivity Conflict Interest: and of Objectivity means free from conflicts to be of interest, not
