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Authoritative professional standards

• In addition to the Code of Professional Conduct, there
are two primary standards that apply to forensic

accounting services

– Statement on Standards for Forensic Services No. 1 (SSFS 1), applies
to AICPA members who provide services to a client as part of a litigation
or investigation engagement.

– Valuation Services (VS) section 100, Valuation of a Business,
Business Ownership Interest, Security, or Intangible Asset (AICPA,
Professional Standards), is to be followed by all AICPA members who
perform valuation services, litigation services, personal financial planning,
tax, or accounting engagements.

• The next slides will discuss these two standards in
depth.

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